New Prospects. It allows the Customer and the Trusted Business Partner to share lists of selected Non-Overlapping Accounts. Eg. the list of Customer’s customers that are not present in the Trusted Business Partner’s CRM. Both parties can restrict the Account Overlaps they are giving access to, and the Processed CRM Data they are giving access to. Eg. The customer can define accounts that will never be shared with any partners (“Private Accounts”), or accounts that will not be shared with specific partners (“Restricted Accounts”). Both parties can restrict the Processed CRM Data they are giving access to. Default includes (Account name, Account status, Account owner, Open opportunities without disclosing the amount) These are Processed CRM data of selected Non-Overlapping Accounts (Account name, Account status, Account owner, etc.). Contact data of prospects and customers such as Name, Email, Phone, can not be shared, except for the Job title.
New Prospects. If a Vendor should develop a “New Prospect” (defined as a 100% working interest owned prospect (excluding other ownership interests such as royalties) generated by a Vendor within 36 months of the Closing and intended to be offered for sale as a drilling prospect), which it intends to sell to the industry or other Person (other than a Permitted Transferee), whether by assignment, sale, or other conveyance, such sale shall be subject to the First Offer Procedure set forth in Article V.
New Prospects. If a Vendor should develop a “New Prospect” (defined as a 100% working interest owned prospect (excluding other ownership interests such as royalties) generated by a Vendor within 36 months of the Closing and intended to be offered for sale as a drilling prospect), which it intends to sell to the industry or other Person (other than a Permitted Transferee), whether by assignment, sale, or other conveyance, such sale shall be subject to the First Offer Procedure set forth in Article V; provided, however, that the obligation to subject a New Prospect to the First Offer Procedure shall not apply to acreage held by a Vendor as to which the Vendor has not developed data (e.g. logs and related geophysical data) or a drillable prospect to support the location of a test well on the acreage to test a prospective hydrocarbon bearing reservoir the presence of which is supported by the data gathered by the Vendor.
