I. Confidential information
By virtue of this agreement, the parties may have access to information that is confidential to one another ‘confidential information’). We each agree to disclose only information that is required for the performance of obligations under this agreement.
Confidential information shall be limited to the terms and pricing under this agreement and all information clearly identified as confidential at the time of disclosure.
A party’s confidential information shall not include information that:
- is or becomes a part of the public domain through no act or omission of the other party
- was in the other party’s lawful possession prior to the disclosure and had not been obtained by the other party either directly or indirectly from the disclosing party
- is lawfully disclosed to the other party by a third party without restriction on the disclosure
- is independently developed by the other party.
We each agree to hold each other’s confidential information in confidence for a period of three years from the date of disclosure. Also, we each agree to disclose confidential information only to those employees or agents who are required to protect it against unauthorized disclosure. Nothing shall prevent either party from disclosing the terms or pricing under this agreement or orders submitted under this agreement in any legal proceeding arising from or in connection with this agreement or disclosing the confidential information to a federal or state governmental entity as required by law. Premium Sofware has right to specify you in Client Refenece List.
