Common use of Valuable Asset Clause in Contracts

Valuable Asset. Employee further acknowledges that the Confidential Information is a valuable, special, and unique asset of Employer, such that the unauthorized disclosure or use by Employee or persons or entities outside Employer may cause irreparable damage to the business of Employer. The relationship between Employer and its customers, prospective customers, suppliers, directors, and shareholders is based on trust and confidence. Accordingly, Employee agrees that, during and after Employee’s employment with Employer, Employee shall not directly or indirectly disclose to any person or entity or use for any purpose or permit the exploitation, copying, or summarizing of any Confidential Information of Employer, except as specifically required in the proper performance of Employee’s duties for Employer. Employee is prohibited from removing Confidential Information from Employer’s premises in any form or medium, except in the ordinary course of business of Employer, subject to approval by senior management. Confidential Relationship. Employer considers much of its Confidential Information to constitute “Trade Secrets”, which have independent value, provide Employer with a competitive advantage over its competitors who do not know the Trade Secrets, and are protected from unauthorized disclosure under applicable law. However, whether or not the Confidential Information constitutes Trade Secrets, Employee acknowledges and agrees that the Confidential Information is protected from unauthorized disclosure or use due to Employee’s obligations under this Agreement and Employee’s fiduciary duties as an employee of Employer.

Valuable Asset. Employee further acknowledges that the Confidential Information is a valuable, special, and unique asset of EmployerCompany, such that the unauthorized disclosure or use by Employee or persons or entities outside Employer may Company would cause irreparable damage to the business of Employer. The relationship between Employer and its customers, prospective customers, suppliers, directors, and shareholders is based on trust and confidenceCompany. Accordingly, Employee agrees that, during and after Employee’s employment with EmployerCompany or any of its affiliates, Employee shall not directly or indirectly disclose to any person or entity or use for any purpose or permit the exploitation, copying, or summarizing of any Confidential Information of EmployerCompany, except as specifically required in the proper performance of Employee’s duties for EmployerCompany. Employee is prohibited from removing Confidential Information from Employer’s premises in any form represents and warrants that no such disclosure or medium, except in use has occurred prior to the ordinary course of business of Employer, subject to approval by senior managementdate hereof. c. Confidential Relationship. Employer Company considers much of its Confidential Information to constitute “Trade Secrets”, trade secrets of Company which have independent value, provide Employer Company with a competitive advantage over its competitors who do not know the Trade Secretstrade secrets, and are protected from unauthorized disclosure under applicable lawlaw (“Trade Secrets”). However, whether or not the Confidential Information constitutes Trade Secrets, Employee acknowledges and agrees that the Confidential Information is protected from unauthorized disclosure or use due to Employee’s obligations covenants under this Agreement and Employee’s fiduciary duties as an employee of EmployerCompany or any of its affiliates.