Customary Information Clause Samples
The 'Customary Information' clause defines the types of information that are typically shared or disclosed in the ordinary course of business between parties. It clarifies that such information, which may include standard business communications, routine data exchanges, or generally available public information, is not subject to heightened confidentiality or special handling requirements. By distinguishing customary information from sensitive or proprietary data, this clause helps prevent unnecessary restrictions on everyday business interactions and ensures that only truly confidential information is subject to stricter controls.
Customary Information. Provider will furnish or cause to be furnished to the Company: • promptly upon its receipt of notice thereof, or an officer of Provider becoming aware of the existence thereof, a notice stating that a breach of, or a default under, any contractual obligation of the Company or another party that could reasonably be expected to adversely affect in a material manner the Company or all of the Covered Projects taken as a whole and specifying the nature and period of existence thereof and what action Provider has taken or is taking or proposes to take with respect thereto; and • from time to time such other information regarding the Covered Projects as the Company may reasonably request.