Treatment of Proprietary Property Clause Samples
The Treatment of Proprietary Property clause defines how proprietary or confidential property—such as intellectual property, trade secrets, or sensitive business information—will be handled between the parties. It typically outlines the obligations of each party to protect, use, or return such property, and may specify restrictions on disclosure or use outside the agreed purposes. This clause ensures that valuable proprietary assets are safeguarded, clarifies ownership rights, and helps prevent unauthorized use or disclosure, thereby reducing the risk of disputes over sensitive information.
Treatment of Proprietary Property. During the term of this Agreement and thereafter as provided herein, and for all purposes, Agent will regard and treat the Proprietary Property, as strictly confidential and trade secret, wholly owned by PacTel. Agent will exercise its best efforts to ensure the continued confidentiality and ownership by PacTel of all Proprietary Property known by or disclosed or made available to Agent or Agent's Affiliates, whether in connection with this Agreement or any other past or present relationship with PacTel. Agent will cooperate with any additional confidentiality and other similar requirements PacTel may establish from time to time for the protection of the Proprietary Property. Agent will not, during the term of this Agreement or thereafter, claim any interest in or attack the title or any rights of PacTel in or to any or all of the Propriety Property or take any action that would adversely affect PacTel's rights therein, or remove, alter or obfuscate or permit the removal, alteration of obfuscation of any product identification, proprietary restriction, copyright, trademark, service mark ▇▇ trade secret notice or label on any Proprietary Property or other property owned by or licensed to PacTel. Agent will immediately notify PacTel of any unauthorized disclosure or use of any Proprietary Property of which Agent becomes aware; provided, however, that PacTel will have the sole right to determine what, if any, action should or will be taken on account of any such disclosure. Agent will assist PacTel, to the extent necessary, in the procurement of or any protection of PacTel's rights to or in any of the Proprietary Property, and PacTel will reimburse Agent for all pre-approved costs incurred in connection therewith.