Common use of Press Statements Clause in Contracts

Press Statements. No sooner than two (2) business days after the Effective Date, the Parties may each issue separate press releases regarding the settlement if so desired. Each party issuing a press release agrees not to disclose any monetary component of this Agreement or impute liability or any violation of law or regulation on any Party therein. Prior to issuing a press release, each party issuing a press release must first provide a draft to the other parties at least one (1) full business day before its release (providing at least twenty- four (24) hours). The non-issuing parties may suggest changes to the issuing party and each issuing party will consider the other parties’ suggestions in good faith, keeping in mind the cooperative spirit and intent of the Agreement.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement