Common use of Allowed Disclosures Clause in Contracts

Allowed Disclosures. A Disclosing Party may disclose Confidential Information belonging to an Affected Party to the extent such disclosure is reasonably necessary in the following instances: prosecuting or defending litigation; complying with applicable governmental regulations; disclosure on a “need to know” basis to Representatives of such Disclosing Party who agree via written and signed agreements to be bound by similar terms of confidentiality and non-use at least equivalent in scope to those set forth in this Agreement; and disclosure (subject to the advance written approval from the Affected Party) to any bona fide potential or actual investor or collaborator, investment banker, acquirer, merger partner, or other potential or actual financial partner; provided that each such disclosee must be bound in writing by similar terms of confidentiality and non-use at least equivalent in scope to those set forth in this Agreement.