Common use of Restrictions on Use of Confidential Information Clause in Contracts

Restrictions on Use of Confidential Information. The Receiving Party agrees to use reasonable care, but in all events at least the same degree of care that it uses to protect its own confidential and proprietary information of similar importance, to prevent the unauthorized use, disclosure, or availability of Confidential Information of the Disclosing Party. Except as otherwise expressly permitted by this Agreement, the Receiving Party shall not (i) disclose, duplicate, copy, transmit or otherwise disseminate in any manner whatsoever any Confidential Information of the Receiving Party; (ii) use the Confidential Information of the Disclosing Party for the Receiving Party's own benefit or that of any third party or for any purpose other than performance of this Agreement; (iii) commercially exploit any Confidential Information of the Disclosing Party; or (iv) acquire any right to, or assert any lien against, the Confidential Information of the Disclosing Party.

Appears in 2 contracts

Sources: License Agreement (Function(x) Inc.), License Agreement (Function(x) Inc.)