Backdating checks

27 Dec

Prior to 6 April 2012, the backdating period was 93 days.Changes of circumstances can be backdated up to 1 month.Both a contract drafter and a contract reviewer can save some time by first reviewing — together — the Common Draft short-form contract drafts (as well as other clause titles) and discussing just what types of provision they want in their document.

At all times during the Confidentiality-Obligation Period, the Receiving Party must cause the following precautions to be taken to safeguard Confidential Information in its possession, custody, or control: (1) at least the same precautions as the Receiving Party takes for its own information of comparable significance; (2) in no case less than those precautions that a prudent person would take in the same circumstances; and (3) any other particular secrecy precautions stated in the Agreement.

1960) (per curiam, adopting district court opinion).

2016-03.4; last modified Wednesday September 14, 2016 Houston time.

According to the court, that requirement helps to guard against the possibility that someone might "describe [their] actions in an unjustifiably self-serving manner ….

(a) Information that is made available to the Receiving Party in connection with the Agreement, by or on behalf of the Disclosing Party, will not be considered Confidential Information unless the information is marked as provided in the Agreement.