Common use of Information Security Review Process Clause in Contracts

Information Security Review Process. Supplier will be subject to regular security reviews on behalf of Qualcomm and agrees to cooperate in such reviews, including, without limitation, providing all reasonable information requested by Qualcomm regarding Supplier’s security policies and practices as part of such review. If any security vulnerabilities, breaches or potential thereof is discovered as part of any security review or otherwise (collectively, “Findings”), Supplier shall promptly resolve each such Finding in accordance with the timeline specified by Qualcomm (or an alternate timeline mutually agreed upon). Failure to promptly address any Finding will constitute a material breach by Supplier and will give Qualcomm the right to immediately terminate this Agreement for cause without the requirement of providing any notice or cure period that may be specified in the Agreement. In the event of a termination pursuant to this Section, Supplier shall provide a prorated refund of any unearned, prepaid payments made to Qualcomm. Notwithstanding the foregoing, this Section in no way limits the other remedies available to Qualcomm under the Agreement. Security reviews will be performed no more frequently than annually, unless the results of any such review results in Findings.

Information Security Review Process. Supplier will be subject to regular security reviews on behalf of Qualcomm and agrees to cooperate in such reviews, including, without limitation, providing all reasonable information requested by Qualcomm regarding Supplier’s security policies and practices as part of such review. If any security vulnerabilities, breaches or potential thereof is discovered as part of any security review or otherwise (collectively, “Findings”), Supplier shall promptly resolve each such Finding in accordance with the timeline specified by Qualcomm (or an alternate timeline mutually agreed upon). Failure to promptly address any Finding will constitute a material breach by Supplier and will give Qualcomm the right to immediately terminate this Agreement for cause without the requirement of providing any notice or cure period that may be specified in the Agreement. In the event of a termination pursuant to this Section, Supplier shall provide a prorated refund of any unearned, prepaid payments made to Qualcomm. Notwithstanding the foregoing, this Section in no way limits the other remedies available to Qualcomm under the Agreement. Security reviews will be performed no more frequently than annually, annually unless the results of any such review results in Findings.