Confidentiality agreement — restructuring & insolvency

Published by a UUÂãÁÄÖ±²¥ Restructuring & Insolvency expert
Precedents

Confidentiality agreement — restructuring & insolvency

Published by a UUÂãÁÄÖ±²¥ Restructuring & Insolvency expert

Precedents
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This Agreement is made [insert day and month] 20[insert year]

Parties

  1. 1

    [insert name of debtor company] a company incorporated in [insert country eg England and Wales] under number [insert registered number] whose registered office is at [insert address] (the Company); and

  1. 2

    The Creditors (as set out in the Schedule) (the Creditors);

    (each of the Creditors and the Company being a Party and together the Creditors and the Company are the Parties).

Recitals

    1. (A)

      the Company agrees to disclose information to the Creditors and the Creditors agree to keep that information confidential and use it solely for the purposes of evaluating, negotiating, monitoring and implementing a [Standstill Agreement OR Restructuring Agreement].

    1. (B)

      [insert any further recitals].

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Agreement, unless otherwise provided:

        Authorised Person

        1. •

          means any officer, employee, director, consultant, agent, affiliate or representative of the Creditors [the Reporting Accountant] and any other legal or financial advisors who are required in the course of their duties to receive and consider the Confidential Information for evaluating the [Company OR Group] and advising on the proposed restructuring;

        Business Day

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Jurisdiction(s):
United Kingdom
Key definition:
Confidentiality definition
What does Confidentiality mean?

Duty imposed in conduct whereby an individual and firm must keep clients' matters confidential.

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