The "Return or Destruction of Confidential Information" clause specifies the obligations of parties to either return or destroy all confidential information upon the termination or completion of the contractual relationship. This ensures that sensitive data is not retained unnecessarily, thereby protecting proprietary information and maintaining confidentiality.
Return or Destruction of Confidential Information. Upon the termination of this Agreement, or at GVIC’s request at any time during the term of this Agreement, the Recipient and its Representatives shall promptly return to GVIC all copies, whether in written, electronic, or other form or media, of GVIC’s Confidential Information, or destroy all such copies and certify in writing to GVIC that such Confidential Information has been destroyed. In addition, the Recipient shall also destroy all copies of any Notes created by the Recipient or its Representatives and certify in writing to GVIC that such copies have been destroyed. Notwithstanding any contrary or inconsistent provision of this Section 6, the Recipient shall be permitted to maintain one copy of any Confidential Information and of any related notes among its business records as, and to the extent, required by any regulatory requirement.
Return or Destruction of Confidential Information: Upon the expiration, termination, or at the request of either party, the receiving party shall promptly return to the disclosing party all confidential information received, along with any copies or reproductions thereof. Alternatively, the receiving party shall follow the instructions of the disclosing party regarding the destruction of such confidential information.
Return or Destruction of Confidential Information. Pursuant to Section 6 of the Confidentiality Agreement, each of the Company and Parent, in their respective capacities as a Disclosing Party under the Confidentiality Agreement, hereby request the return or destruction of all Confidential Information (as defined in the Confidentiality Agreement) of such Party (as well as written certification of compliance with the first sentence of Section 6).
Return or Destruction of Confidential Information. At the Disclosing Party’s request, the Recipient shall promptly return to the Disclosing Party all copies, whether in written, electronic or other form or media, of the 1 Disclosing Party’s Confidential Information, or destroy all such copies and certify in writing to the Disclosing Party that such Confidential Information has been destroyed. In addition, the Recipient shall also destroy all copies of any Notes created by the Recipient and certify in writing to the Disclosing Party that such copies have been destroyed.
Return or Destruction of Confidential Information. Confidential Information gained, received or developed by the Executive or in which the Executive participated in developing will remain the exclusive property of the Company, in its sole discretion. The Executive will promptly return to the Company or destroy or erase all records, books, documents or any other materials whatsoever (including all copies thereof) containing such Confidential Information in his possession or control upon the earlier of (i) the receipt of a written request from the Company for return or destruction of Confidential Information or (ii) the termination of the Executive’s employment hereunder.
Return or Destruction of Confidential Information. Promptly upon receipt of a written request from the Disclosing Party, the Receiving Party will (and will cause each of its Representatives to), at its election, destroy or return to the Disclosing Party all Confidential Information (including, without limitation, all copies, extracts and other reproductions). Notwithstanding the foregoing, the Receiving Party and its Representatives may retain any Confidential Information to the extent required by Law.
Return or Destruction of Confidential Information: Upon the expiration, termination, or at the request of either party, the receiving party shall promptly return to the disclosing party all confidential information received, along with any copies or reproductions thereof. Alternatively, the receiving party shall follow the instructions of the disclosing party regarding the destruction of such confidential information.
Return or Destruction of Confidential Information. At such time as Mr. Lee is no longer a Board observer, Mr. Lee will promptly: (i) return to the Company (or destroy) all physical materials containing or consisting of Confidential Information and all hard copies thereof and (ii) destroy all electronically stored Confidential Information in Mr. Lee’s possession or control. Mr. Lee will be permitted to retain one copy of the Confidential Information for regulatory or compliance purposes and electronic copies of Confidential Information automatically generated through back-up and/or archiving systems. Any Confidential Information that is not returned or destroyed, including any oral Confidential Information, and all notes, analyses, compilations, studies or other documents prepared by or for the benefit of Mr. Lee from such information, will remain subject to the obligations set forth in this Section 1.2 for so long as such Confidential Information is retained.
Return or Destruction of Confidential Information; Confidentiality Agreement. (a) Within fifteen (15) business days of written request, the requested Party shall, and shall cause its respective affiliates, representatives and advisors to, return to the requesting Party or destroy all Confidential Information (as defined in the Confidentiality Agreement) and other confidential information received after the date of the Holding Company Merger Agreement pursuant to the Merger Agreements and/or integration planning. (b) The effectiveness of the Confidentiality Agreement shall continue through the second anniversary of the date of this Agreement.
Return or Destruction of Confidential Information. All Confidential Information in tangible form of expression which has been disclosed to or thereafter created, whether by copy or reproduction, by the Receiving Party shall be and remain the property of the Disclosing Party. Upon receipt of a written request from the Disclosing Party, the Receiving Party shall destroy or return all Confidential Information (regardless of the form in which such information was disclosed), including all compilations, copies, notes, summaries or abstracts of such Confidential Information, and shall erase from computer storage (including all related or peripheral storage devices) any and all images, compilations, copies, summaries or abstracts of such Confidential Information. Notwithstanding the foregoing, a copy of the Confidential Information may be retained in a secure location for the purpose of monitoring the obligations under this Agreement. Receiving Party and its Authorized Third Parties may also retain back-up copies of Confidential Information stored securely by Receiving Party and its Authorized Third Parties made in accordance with industry standard electronic document backup policies, any record retention requirements mandated by law or any other bona fide record retention policies.
Return or Destruction of Confidential Information. At any time during or after the term of this Agreement, at the Disclosing Party’s written request, the Recipient and its Representatives shall promptly return to the Disclosing Party all copies, whether in written, electronic or other form or media, of the Disclosing Party’s Confidential Information, or destroy all such copies and certify in writing to the Disclosing Party that such Confidential Information has been destroyed. In addition, the Recipient shall also destroy all copies of any Notes created by the Recipient or its Representatives and certify in writing to the Disclosing Party that such copies have been destroyed. Despite any such return of any Confidential Information by Recipient, it and its Representatives shall thereafter continue to be bound by Recipient’s obligations of confidentiality imposed by this Agreement.
Return or Destruction of Confidential Information. Recipient shall, and shall cause its Representatives to, within five days following Disclosing Party’s written request, return all originals, copies, extracts, other reproductions, summaries and any other form(s) or embodiment(s) made by Recipient or any of its Representatives of any Confidential Information in any tangible media, or, in the alternative and at Recipient’s sole option, within five days following Disclosing Party’s written request, certify to Disclosing Party, in a writing signed by an executive officer of Recipient, destruction (as applicable) of the same and at the same time shall delete, and cause each of its Representatives to delete, any Confidential Information from all computer files and from all computer archives or back-up media and shall, in such writing, certify that it has done so. Recipient’s and its Representatives’ obligation to return or destroy copies of Confidential Information does not apply to copies of Confidential Information stored in system-type media (e.g., server system caches and backup tapes); provided that such media are not readily accessible to users, and in the ordinary course of business are periodically, and systematically, overwritten. Notwithstanding the foregoing, Recipient or any of its Representatives may retain the Confidential Information if required in order to comply with applicable laws, rules or regulations or internal compliance requirements. Notwithstanding anything to the contrary in this Agreement (including Section 10 below), all Confidential Information that is retained in accordance with the immediately foregoing sentence shall remain subject to this Agreement (including Sections 2 and 3 of this Agreement and this Section 6) for as long as such Confidential Information is so retained.
Return or Destruction of Confidential Information. Upon the written request of a Party or a member of its Group, except as contemplated by or otherwise provided for under the Separation Agreement, the other Party shall take, and shall cause the applicable members of its Group to take, reasonable steps to promptly (a) deliver to the requesting Person all original copies of Confidential Information (whether written or electronic) concerning the requesting Person or any member of its Group that is in the possession of the other Party or any member of its Group and (b) if specifically requested by the requesting Person, destroy any copies of such Confidential Information (including any extracts therefrom), unless such delivery or destruction would violate any Law; provided, however, that if Recipient requests that Provider return or destroy Confidential Information concerning Recipient or any member of the Recipient Group, then Provider shall not be required to continue providing any Services to the extent Provider’s ability to provide such Services is negatively impacted by its failure to no longer have possession of such Confidential Information. Upon the written request of the requesting Person, the other Party shall, or shall cause another member of its Group to cause, its duly authorized officers to certify in writing to the requesting party that the requirements of the preceding sentence have been satisfied in full.
Return or Destruction of Confidential Information. Promptly following the termination of this Agreement, Consultant will return or, at the instruction of Company, destroy (and certify such destruction to the Company), any Confidential Information (and any copies thereof) in Consultant’s possession.
Return or Destruction of Confidential Information. Upon the termination of this Agreement for any reason, each Party shall promptly return or (at the other Party’s election) destroy and irretrievably erase all embodiments of the other Party’s Confidential Information which are in its power, possession, custody or control; provided, that each Party may retain one copy of such Confidential Information for the sole purpose of performing any continuing obligations hereunder or for archival purposes and shall continue to comply with the terms of Article 12 (Confidentiality; Publication) in respect of the same.
Return or Destruction of Confidential Information. Upon demand by a Recipient at any time, or upon expiration or termination of this agreement with respect to the Services, the applicable Provider agrees promptly to, and to cause each of its Provider Representatives to, return or destroy, at the Recipient’s option, all Confidential Information, provided that the Provider may maintain such Confidential Information in accordance with its internal document retention policies.
Return or Destruction of Confidential Information If this Agreement is terminated, each Receiving Party shall destroy all Confidential Information of the Disclosing Party prepared or generated by the Receiving Party without retaining a copy of any such material; promptly shall deliver to the Disclosing Party all other Confidential Information of the Disclosing Party, together with all copies thereof, in the possession, custody or control of the Receiving Party or, alternatively, with the written consent of a Navidea Contact or a Meilleur Contact (whichever represents the Disclosing Party) destroy all such Confidential Information; and shall certify all such destruction in writing to the Disclosing Party; provided, however, that the Receiving Party may retain a list that contains general descriptions of the information it has returned or destroyed to facilitate the resolution of any controversies after the Disclosing Party’s Confidential Information is returned. Regardless of the return or destruction of any Confidential Information, the provision of this Section 7 shall continue to apply to the Parties’ respective Confidential Information following any termination of this Agreement other than as a result of the consummation of the Contemplated Transactions at Closing.
Return or Destruction of Confidential Information. Upon expiration or termination of this Agreement for any reason, each party shall either return or destroy the other party’s Confidential Information, together with all copies and other forms of reproduction, and shall provide written notice of the same to the other party. However, each party may retain one copy of the other party’s Confidential Information subsequent to its return in the event of any question or dispute concerning a party’s obligations under this Agreement. Each party agrees that termination of this Agreement does not alter the five (5) year obligation of confidentiality set forth in this Exhibit D.
Return or Destruction of Confidential Information refers to clauses typically found in contracts that mandate the proper management of confidential and sensitive information at the conclusion of a business relationship. These clauses stipulate that upon termination or completion of a contract, any information deemed confidential must either be returned to the original owner or destroyed in a manner that protects its confidentiality.
You should use a Return or Destruction of Confidential Information clause in any contract where sensitive or proprietary information is shared. This includes situations where:
Implementing these clauses ensures that sensitive information is handled appropriately and mitigates the risk of unauthorized access or use after the business relationship has ended.
When writing a Return or Destruction of Confidential Information clause, consider the following elements:
Definition of Confidential Information: Clearly define what constitutes confidential information in the context of the agreement.
Obligations: Specify the actions required to either return or destroy the information. Include timelines, methods, and any notification requirements.
Exceptions: Outline any exceptions to the rule, such as statutory or regulatory requirements that might require retention.
Confirmation: Consider requiring a written confirmation that the information has been returned or destroyed.
Consequences: State any consequences for failure to comply with the clause.
Example:
Upon termination of this agreement, the receiving party shall promptly return or destroy, at the disclosing party’s discretion, all confidential information in any form. The receiving party agrees to certify in writing within 30 days that all information has either been returned or destroyed. Exceptions are made for information required to be retained under applicable laws.
Contracts that typically contain Return or Destruction of Confidential Information clauses include:
Non-Disclosure Agreements (NDAs): To ensure any shared proprietary information is properly managed once the agreement ends.
Service Agreements: When external vendors or service providers handle client-specific data.
Employment Contracts: Particularly those involving access to trade secrets or proprietary business information.
Consultant Agreements: For consultants who have access to a company’s confidential information during their engagement.
Partnership Agreements: To ensure mutual respect and handling of each party’s proprietary information after the partnership ends.
These clauses are essential for protecting both parties’ interests and preventing unauthorized access or misuse of sensitive data.
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