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Revise obligation of prompt required disclosure notice
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kemitchell committed Aug 17, 2017
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2 changes: 1 addition & 1 deletion N-2W-I2I.cftemplate
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Expand Up @@ -58,7 +58,7 @@ This agreement sets out terms that protect <Confidential Information> the partie

\Mitigate Legally Required Disclosure\ The following obligations apply when the law requires disclosure of <Confidential Information>, and when <Receiving Party> reasonably expects that the law may require disclosure of <Confidential Information>.

\Give Notice of Required Disclosure\ If legally permitted, <Receiving Party> shall promptly notify <Disclosing Party> of the nature of the requirement and the <Confidential Information> affected. If practical, <Receiving Party> shall give notice quickly enough to afford <Disclosing Party> a practical chance to start a proceeding to protect the confidentiality of the <Confidential Information>. On <Disclosing Party> request, <Receiving Party> shall cooperate with <Disclosing Party> in any such proceeding by providing reasonable assistance, on request from <Disclosing Party>.
\Give Notice of Required Disclosure\ If legally permitted, <Receiving Party> shall promptly notify <Disclosing Party> of the nature of the requirement and the <Confidential Information> affected. If possible, <Receiving Party> shall give notice quickly enough to afford <Disclosing Party> a practical opportunity to take legal action to protect the confidentiality of the <Confidential Information>. On <Disclosing Party> request, <Receiving Party> shall cooperate with <Disclosing Party> in any such proceeding by providing reasonable assistance, on request from <Disclosing Party>.

\Reimburse Expenses of Cooperation\ <Disclosing Party> shall reimburse <Receiving Party>'s reasonable out-of-pocket expenses of cooperating in any proceeding described in {Give Notice of Required Disclosure}.

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