Definition of Disclosing Party and Receiving Party Clause Samples
The Definition of Disclosing Party and Receiving Party clause establishes which parties in an agreement are responsible for providing confidential information and which are responsible for receiving it. Typically, the Disclosing Party is the entity sharing sensitive or proprietary information, while the Receiving Party is the one gaining access to this information under the terms of the agreement. By clearly identifying these roles, the clause ensures that obligations regarding confidentiality, use, and protection of information are properly assigned, thereby reducing ambiguity and potential disputes over information handling.
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Definition of Disclosing Party and Receiving Party. The term “Disclosing Party” means the party and its affiliates providing Confidential Information. The term “Receiving Party” means the party and its affiliates receiving Confidential Information. As defined herein, CSIM’s affiliates include, without limitation, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co., Inc. (“Schwab”) and Schwab Capital Trust.
Definition of Disclosing Party and Receiving Party. For purposes of this Agreement, any Company can be the “Disclosing Party” wherein said Disclosing Party shall be the party to the Agreement that discloses Confidential Information to the other parties. For purposes of this Agreement, any Company can be the “Receiving Party” wherein said Receiving Party shall be the party to the Agreement that is receiving the Confidential Information from the Disclosing Party or Parties.