Information Barriers Protocol Clause Samples
The Information Barriers Protocol clause establishes procedures to prevent the unauthorized sharing of sensitive or confidential information within an organization, particularly between departments or teams that may have conflicting interests. In practice, this may involve restricting access to certain files, implementing physical or electronic barriers, and training staff on compliance requirements. Its core function is to mitigate the risk of insider trading, conflicts of interest, or breaches of confidentiality by ensuring that information is only accessible to those with a legitimate need to know.
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Information Barriers Protocol. Prior to the Closing Date, Parent shall, and shall cause the Target Companies and Company Subsidiaries to provide written notification to each of the Relevant Employees of Parent Group and Target Companies and Company Subsidiaries, which notification shall advise of the existence and purpose of the Information Barriers Protocol set forth on Schedule I.
Information Barriers Protocol. The parties shall give effect, within ten (10) Business Days of the date of this Sale and Purchase Agreement, to the Information Barriers Protocol set out in Schedule 23.
Information Barriers Protocol. With effect from Closing, U.S. Buyer, Sweden Buyer and Parent shall abide by and shall cause their respective Subsidiaries to abide by the Information Barriers Protocol set forth on Schedule I.