Common use of Parties’ Financial Information Clause in Contracts

Parties’ Financial Information. The Owner and Risk/Reward Team members will be disclosing information concerning their methods of accounting, pricing of products and services, and other confidential information. Each Party agrees that it will keep such information confidential and will only provide it to other persons or entities as reasonably necessary for the design or construction of the Project. If a Party makes a written demand for return of confidential information, the other Parties will make reasonable attempts to return or destroy any copies of the confidential information in their possession. Each Party will place similar confidentiality restrictions in any agreements with its Risk/Reward Team members of any tier.

Parties’ Financial Information. The Owner and Risk/Reward Team members Members will be disclosing information concerning their methods of accounting, pricing of products and services, and other confidential information. Each Party agrees that it will keep such information confidential and will only provide it to other persons or entities as reasonably necessary for the design or construction of the Project. If a Party makes a written demand for return of confidential information, the other Parties will make reasonable attempts to return or destroy any copies of the confidential information in their possession. Each Party will place similar confidentiality restrictions in any agreements with its Risk/Reward Team members Members of any tier.