Return of Purchaser’s Documents Sample Clauses
The 'Return of Purchaser’s Documents' clause requires the purchaser to return any documents, materials, or information received from the seller, typically upon termination or completion of the agreement. In practice, this means that if the deal does not go through or once the transaction is finalized, the purchaser must promptly give back all confidential or proprietary documents provided by the seller, such as contracts, technical specifications, or business records. This clause serves to protect the seller’s sensitive information and ensures that proprietary materials are not retained or misused by the purchaser after the business relationship ends.
Return of Purchaser’s Documents. If escrow or this Agreement is terminated for any reason, Escrow Agent shall deliver all documents and materials deposited by Purchaser and then in Escrow Agent’s possession to Purchaser and shall destroy any documents executed by both Purchaser and Seller. Upon delivery by Escrow Agent to Purchaser (or such destruction, as applicable) of such documents and materials, Escrow Agent’s obligations with regard to such documents and materials under this Agreement shall be deemed fulfilled and Escrow Agent shall have no further liability with regard to such documents and materials to either Seller or Purchaser.
Return of Purchaser’s Documents. If escrow or this Agreement is terminated for any reason, Title Agent shall deliver all documents and materials deposited by Purchaser and then in Title Agent’s possession to Purchaser and shall destroy any documents executed by both Purchaser and Seller. Upon delivery by Title Agent to Purchaser (or such destruction, as applicable) of such documents and materials, Title Agent’s obligations with regard to such documents and materials under this Agreement shall be deemed fulfilled and Title Agent shall have no further liability with regard to such documents and materials to either Seller or Purchaser.