Acquired Data definition
Examples of Acquired Data in a sentence
As of the Closing Date, Purchaser has been, or subject to Seller’s compliance with this Agreement, will be, afforded a reasonable and appropriate opportunity to visit the offices of Seller and to examine the Acquired Data and the Acquired Records and all other documents and materials requested by Purchaser or its authorized representatives or advisors (except those related to Excluded Assets) with respect to the Acquired Assets and the Assumed Liabilities (the “Background Materials”).
If Schlumberger Group provides feedback about Acquired Data to Customer Group, Customer Group may use that information without obligation to Schlumberger Group; however, Schlumberger Group retains all right, title, and interest in any feedback or suggestions provided by Schlumberger Group to Customer Group.
To the Knowledge of such Seller, all Transferred Books and Records and Acquired Data (excluding all Contracts) are accurate and complete in all material respects and are maintained in all material respects in accordance with good business practices and all applicable Legal Requirements.
Purchaser agrees that any conclusions drawn from the Acquired Records, Acquired Data, Background Materials or any such other information shall be the result of its own independent review and judgment.
For the avoidance of doubt, all Intellectual Property owned by any Seller or its Affiliates, other than the Acquired Data and any copyrights in the Transferred Books and Records, shall be considered “Excluded Assets” for purposes of Section 2.1(c) of this Agreement.