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3.0 “Confidential Information” shall not mean or include, and the parties shall have no
obligations with respect to, information which: (a) is already known to the
Recipient at the time of its disclosure by the Disclosing Party, through no wrongful
act of the Recipient; (b) is, or becomes, publicly known, through publication,
inspection of a product or otherwise, and through no wrongful act of Recipient;
(c) is or has been independently developed by or for the Recipient; (d) is received
by the Recipient from a third party without similar restrictions as to non-disclosure
and without breach of this Agreement; (e) is approved for release by written
authorization of the Disclosing Party; or (f) is disclosed by the Recipient upon
receipt of a legal opinion from counsel that such disclosure is required pursuant to
the lawful requirement or request of a governmental agency or disclosure is
otherwise required by operation of law (provided, however, that the Recipient shall
notify and cooperate with Disclosing Party regarding such required disclosure as set
forth in Section 6.0).
4.0 The Recipient shall not disclose to any other person, firm or corporation, other than
its employees, directors, agents, or representatives, including without limitation,
attorneys, accountants, appraisers and financial advisors, who have a “need to
know” for purposes of completing any assessment of the Project (collectively,
“representatives”) any of the Confidential Information received from the Disclosing
Party hereunder, by using the same degree of care to avoid disclosure of such
Confidential Information as Recipient employs with respect to its own proprietary
and confidential information of like kind. The Recipient further agrees to inform its
representatives of the confidential nature of the Confidential Information and take
reasonable steps to ensure its representatives will abide by the terms of this
Agreement.
5.0 The Confidential Information shall be and remain the property of the Disclosing
Party and will be returned to the Disclosing Party immediately, upon written
request, or destroyed, at the Disclosing Party’s option. That portion of the
Disclosing Party’s Confidential Information which consists of analyses, compilations,
studies or other documents or records prepared by the Recipient, or its
representatives, shall be held by the Recipient and kept confidential and subject to
the terms of this Agreement, or shall be destroyed.
6.0 In the event that the Recipient is requested to disclose all or any part of the
Confidential Information received hereunder, the Recipient agrees to immediately
notify the Disclosing Party of the existence, terms, and circumstances surrounding
such a request. If any court or regulatory order or other service of legal process or
open records statute requires the Recipient to disclose information covered by its
confidentiality obligation, then such party will provide the Disclosing Party with
prompt notice of any such order or process so that the Disclosing Party may attempt
to prevent such order of disclosure, and the parties shall also work together to
ensure that any such required disclosure is carried out pursuant to a protective
order (or other similar protection) to prevent further disclosure of the Confidential
Information.