Common use of Procedural Safeguards Clause in Contracts

Procedural Safeguards. Each Party will take such actions and implement such rules, procedures and methodologies as are reasonably necessary to ensure that the disclosing party's nonpublic, confidential and proprietary business information, including in particular information relating to the disclosing party's specific customers and customer contracts or bids and its prices, pricing plans and policies, and retail selling activities, will not be improperly disclosed by the receiving party. Each Party shall certify in writing, at the request of the other Party made not more often than twice each calendar year, that such procedural safeguards remain in effect and have not been violated as of such date.

Procedural Safeguards. Each Party will take such actions and implement such rules, procedures and methodologies as are reasonably necessary to ensure that the disclosing party's ’s nonpublic, confidential and proprietary business information, including in particular information relating to the disclosing party's ’s specific customers and customer contracts or bids and its prices, pricing plans and policies, and retail selling activities, will not be improperly disclosed by the receiving party. Each Party shall certify in writing, at the request of the other Party made not more often than twice each calendar year, that such procedural safeguards remain in effect and have not been violated as of such date.