definiens: means all Know - How and other proprietary informat ion and data of a financial, commercial, business, operational or tec hnical nature that is disclosed by or on behalf of a Party or any of its Affiliates or otherwise made available to th e other Party or its Affiliates, whether made avail able orally, in writing or in electronic form, including informatio n comprising or relating to concepts, discoveries, inventions, data, designs or formulae in relation to this Agree ment or Compounds or Products . For clarity : ( a ) the terms and conditions of this Agreement shall constitute the C onfidential Information of both Parties ; and ( b ) al l Product Data solely or jointly owned by NVS under Section 1 1.1(a ), including the reports and content thereof p rovided as part of the Research Program, Sales & Royalty Re ports, reports identifying Development Milestone Events, Commercial Milestone Events or Payments wi ll be considered Confidential Information of NVS