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CADX » Topics » 12.1 Cadence confidentiality obligations

This excerpt taken from the CADX 8-K filed Dec 5, 2008.

12.1 Cadence confidentiality obligations

Cadence shall (i) take the same steps to protect the confidentiality of Solvay’s Confidential Information as it takes to protect its own proprietary and confidential information of a similar nature (but not less than with reasonable care), (ii) not disclose the same to any third party except as authorized according to the provisions of Sub-Clause 12.3, (iii) not use the same for any purpose other than as explicitly permitted under this Agreement, (iv) confine the access to the same to only those employees designated by Cadence having a need to know such information for the production and commercialization of Drug Product containing Bulk Drug Substance purchased from Solvay, and (v) be responsible for any violation of Cadence’s confidentiality and restricted use obligations hereunder by such employees.

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