Common use of Legal Disclosure Clause in Contracts

Legal Disclosure. If the Recipient becomes legally obligated (by oral questions, interrogatories, requests for information or documents, subpoena, court order, investigative demand or similar process under the applicable laws, including securities regulations) to disclose any of the Confidential Information, the Recipient may disclose the Confidential Information; provided that, the Recipient shall, unless prohibited by applicable law, provide the Discloser with prompt written notice so that the Discloser may seek a protective order or other appropriate remedy. If the Recipient is still obliged to disclose Confidential Information regardless of the Discloser’s effort to seek such protective order or other remedy, the Recipient will furnish only that portion of the Confidential Information which it is legally required to disclose and will exercise its diligent effort to obtain reliable assurance, to the extent that such assurance can be obtained, that confidential treatment will be accorded the Confidential Information.