Common use of Notification of Mandatory Disclosure Clause in Contracts

Notification of Mandatory Disclosure. Each Party may use or disclose Confidential Information of the other Party to the extent such use or disclosure is reasonably necessary in complying with applicable Laws or required by governmental authorities or pursuant to a court order or otherwise submitting information to governmental authorities in connection with clinical trials or applying for Product Registrations, negotiating or making a permitted sublicense or otherwise exercising its rights hereunder; provided that if a Party is required under applicable Laws or court order to make any such disclosure of the other Party’s Confidential Information, it shall (i) give prompt written notice to the disclosing Party of the proposed disclosure, and allow the disclosing Party at least fourteen (14) business days to object to all or any portion of the disclosure before it is disclosed; (ii) provide written notice of disclosure immediately thereafter, if advance notice is not possible; (iii) minimize the extent of such disclosure, to the extent possible; and (iv) seek confidential treatment of such information prior to its disclosure, it being understood that any information so disclosed shall otherwise remain subject to the limitations on use and disclosure hereunder.