One party is prohibited from disclosing confidential information, technologies, or processes utilised by the other party during the project to anyone else or using it for any purpose other than work on the project.

Question

Quizplus · Accepted Answer

This statement refers to a common clause in a non-disclosure agreement (NDA) or confidentiality agreement. It is common for parties involved in a project to sign an NDA or a confidentiality agreement to protect intellectual property, trade secrets, and other valuable information shared during the collaboration. The agreement usually includes a provision that restricts the use and disclosure of confidential information by the recipients. Therefore, one party is indeed prohibited from disclosing or using confidential information for any purpose other than work on the project.

One Party Is Prohibited from Disclosing Confidential Information, Technologies, or Processes