Mental Impressions Clause Samples

Mental Impressions. Each Party enters into this Agreement as principals on an arm’s-length basis (and not as agents or in another capacity, fiduciary or otherwise) and acknowledge that nothing herein shall obligate each Party to enter into any future agreements or business arrangements of any kind with each other or any of each Party’s Affiliates. Each Party acknowledges and agrees that (i) each Party may be in the commodity trading business, (ii) each Party’s trading activities may, from time-to-time, be adverse to the trading or market positions of the other, (iii) each Party may use its commodity trading expertise when reviewing the Confidential Information, (iv) as part of such review, each Party may disclose the Confidential Information as reasonably necessary for the purpose of onsale of the LNG volumes under this Agreement, to its employees, including traders, who may discuss such Confidential Information internally in consideration of this Agreement and who may retain mental impressions thereof, (v) such retained mental impressions shall be kept confidential in accordance with this Section ‎18, but will not limit such Party’s ability to engage in any trading or other related activities or work on projects related to this Agreement (including any hedging arrangements), and (vi) such retained mental impressions shall not preclude either Party from developing internal pricing and valuation models relating to performance of this Agreement or onsale of LNG under this Agreement with the other Party or otherwise.