Future Investigations Clause Samples
The "Future Investigations" clause outlines the parties' obligations and rights regarding any additional inquiries or research that may be necessary after the agreement is signed. Typically, this clause specifies the scope of permissible future investigations, the process for requesting access to information or property, and any limitations or conditions that apply. For example, it may allow a buyer to conduct further environmental assessments or due diligence before finalizing a transaction. The core function of this clause is to provide a clear framework for addressing uncertainties that may arise post-signing, ensuring both parties understand how future information-gathering will be managed and reducing the risk of disputes.
Future Investigations. Upon being contacted by any Regulatory Authority in connection with any general inspection of any kind or in relation to the Shire Product, (including periodic random or for-cause audits or investigations of either Party, its Affiliate’s or any CSO or the Sales Force activity relating to Shire Product), Impax and Shire shall, and shall procure that each of its Affiliates and any CSO shall:
(a) immediately inform the other Party of the nature of the inspection or audit and the circumstances surrounding such inspection or audit;
(b) periodically update the other Party on the status of the inspection or audit;
(c) promptly respond to the Regulatory Authority to the extent necessary to comply with its obligations under applicable Law after consultation with legal counsel and the other Party; and
(d) cooperate in good faith with any Regulatory Authority inspections, provided that, the foregoing shall not be construed to prevent a Party in any way from complying with its obligations under any applicable Law.
Future Investigations. (a) During the Interim Period, the Vendor shall: (i) permit the Purchaser and its employees, counsel, accountants and other representatives, during the Interim Period, without undue interference to the Ordinary conduct of the Business, to have reasonable access during normal business hours and upon reasonable notice to (x) the Real Property, (y) the Purchased Assets and, in particular to any information relating to the Purchased Assets and the Business, including all books and records whether retained by the Vendor or otherwise, and (z) all Contracts and Leases, and (ii) furnish to the Purchaser or its employees, counsel, accountants or other such representatives such financial and operating data and other information with respect to the Purchased Assets and the Business as the Purchaser shall from time to time reasonably request.
(b) During the Interim Period, Bowater and the Vendor will permit the Purchaser and its employees, counsel, accountants and other representatives, without undue interference to their Ordinary course of business, to have reasonable access to the order management software system of Bowater to determine its applicability to its installation at the Business. In the event that the Purchaser elects to use such order management software for a transition period, not to extend beyond December 31, 2001, Bowater will provide without charge to the Purchaser such order management software and the computer necessary to run such order management software and the Purchaser shall pay Bowater reasonable and customary costs for the installation, operation, maintenance and training in connection therewith.