Common use of Restrictions on VSI Clause in Contracts

Restrictions on VSI. VSI and its Affiliates shall not directly or indirectly: (a) participate in any standards-setting or similar organization that would require the SpinCo IP or SpinCo Patents to be licensed, disclosed or distributed to any third party; (b) use the SpinCo IP in conjunction with any open source software in any manner that would require the SpinCo IP to be disclosed or distributed in source code form to any third party; or (c) disclose any of the information or materials contained in the SpinCo IP to any third party without the prior written consent of SpinCo, other than to VSI’s personnel who have a business need-to-know, provided such personnel are themselves bound by written confidentiality agreements with restrictions at least as restrictive as those set forth in this Section 5.

Appears in 2 contracts

Sources: Intellectual Property Cross License Agreement (Cognyte Software Ltd.), Intellectual Property Cross License Agreement (Cognyte Software Ltd.)