Financial Terms; Permitted Disclosure Clause Samples

Financial Terms; Permitted Disclosure. The Parties agree that the material terms of the Agreement will be considered Confidential Information of both Parties. Notwithstanding the foregoing, either Party may disclose such terms to bona fide potential investors or acquirors or to investment banks, if necessary for purposes of this Agreement and/or the Collaboration Agreement, and may disclose other Confidential Information as required by law, regulation or court order. In connection with any permitted disclosure of Confidential Information pursuant to this Section 5.2, each Party agrees to use all reasonable efforts to secure confidential treatment of, or a protective order for, any such information. No Party shall make any public announcement regarding the existence or terms of this Agreement, or the exercise of any rights under this Agreement, without the prior written consent of the other Party, except that a Party may make disclosures to governmental authorities to the extent necessary to secure regulatory approvals.

Financial Terms; Permitted Disclosure. The Parties agree that the material financial terms of the Agreement will be considered Confidential Information of both Parties. Notwithstanding the foregoing, either Party may disclose such terms to bona fide potential sublicensees, if necessary, and may disclose such terms and other Confidential Information of the other Party as required by law, regulation or court order. Tularik shall have the further right to disclose the material financial terms of the Agreement to any bona fide potential investor, investment banker, acquiror, merger partner or other potential financial partner under confidentiality obligations to Tularik no less restrictive than those herein. In connection with any permitted disclosure of Confidential Information pursuant to this Section 11.02, each Party agrees to use all reasonable efforts to secure confidential treatment of, or a protective order for, any such information.