Common use of Ownership and Return of Confidential Information and Other Materials Clause in Contracts

Ownership and Return of Confidential Information and Other Materials. MLS GRID’s Confidential Information is and shall remain MLS GRID’s property, and this Agreement does not grant or imply any license or other rights to MLS GRID’s Confidential Information except as expressly set forth in this Agreement. Within five (5) business days after expiration or termination of this Agreement or upon MLS GRID’s request, Vendor and Participant shall each destroy any MLS GRID Confidential Information in its possession or under its control, including all copies thereof, and certify to MLS GRID in writing that it has complied with this obligation.