Common use of Confidentiality of Evaluation Material Clause in Contracts

Confidentiality of Evaluation Material. All Evaluation Material (i) shall be used solely for the purpose of evaluating and considering the Transaction; (ii) shall be kept strictly confidential by the Receiving Party; and (iii) shall be provided by the Receiving Party solely to those of its Representatives to whom disclosure is reasonably required to facilitate the Receiving Party's evaluation or consideration of the Transaction, it being the intention of the Parties to restrict the dissemination of Evaluation Material to as small a working group as practicable. The Parties agree that all Evaluation Material is and shall remain the property of the Furnishing Party. Before providing access to Evaluation Material to any Representative, the Receiving Party shall inform such Representative of the confidentiality of the Evaluation Material, and shall advise such Representative that, by accepting possession of or access to such information, such Representative is agreeing to be bound by this Agreement. Each Party shall be responsible for any breach of this Agreement by any of its Representatives.

Appears in 4 contracts

Samples: Mutual Non Disclosure and Non Solicitation Agreement (Cidco Inc), Mutual Non Disclosure and Non Solicitation Agreement (Peoplepc Inc), Mutual Non Disclosure and Non Solicitation Agreement (Earthlink Inc)

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Confidentiality of Evaluation Material. All Evaluation Material (i) shall be used solely for the purpose of evaluating and considering the Transaction; (ii) shall be kept strictly confidential by the Receiving Party; and , (iiiii) shall be provided by the Receiving Party solely to those of its Representatives to whom disclosure is reasonably deemed to be required to facilitate the Receiving Party's evaluation or consideration of the any Vector Transaction, it being and (iii) shall be used solely for the intention purpose of the Parties to restrict the dissemination of Evaluation Material to as small a working group as practicableevaluating and considering any Vector Transaction. The Parties parties agree that all Evaluation Material is and shall remain the property of the Furnishing Party. Before providing access to Evaluation Material to any Representativeits Representatives, the Receiving Party shall inform such Representative its Representatives of the contents of this Agreement and the confidentiality of the Evaluation Material, and shall advise such Representative its Representatives that, by accepting possession of or access to such information, such Representative is Representatives are agreeing to be bound by comply with the terms of this Agreement. Each Party party shall be responsible for any breach of this Agreement by any of its Representatives.

Appears in 1 contract

Samples: Nondisclosure and Standstill Agreement (Vector Capital Partners Ii LLC)

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