Common use of Nature of Information Clause in Contracts

Nature of Information. PROSPECTIVE BUYER hereby accepts COMPANY’s representations that the Confidential Information is of a special, unique, unusual, extraordinary, and intellectual character and that money damages would not be a sufficient remedy for any breach of this Agreement by it or its representatives and that specific performance and injunctive or other equitable remedies for any such breach shall be available to it. PROSPECTIVE BUYER also acknowledges that COMPANY’s interests in such Confidential Information may be irreparably injured by disclosure of such Confidential Information. The remedy stated above may be pursued in addition to any other remedies applicable at law or equity for breach of this Agreement. Should litigation be instituted to enforce any provision hereof, the prevailing party will be entitled to recover all costs, including reasonable legal fees, cost of investigation and cost of settlement.

Appears in 5 contracts

Samples: Confidentiality Agreement This Confidentiality Agreement, Confidentiality Agreement, Confidentiality Agreement

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