Common use of Introducing Clause in Contracts

Introducing. Firm acknowledges that the services Clearing Agent provides hereunder involve Introducing Firm access to proprietary technology, trading and other systems, and that techniques, algorithms and processes contained in such systems constitute trade secrets and shall be safeguarded by Introducing Firm, and that Introducing Firm shall exercise reasonable care to protect Clearing Agent’s interest in such trade secrets. Introducing Firm agrees to make the proprietary nature of such systems known to those of its consultants, staff, agents or clients who may reasonably be expected to come into contact with such systems. Introducing Firm agrees that any breach of this confidentiality provision may result in its being liable for damages as provided by law.