Third Party Negotiations Clause Samples
The Third Party Negotiations clause defines how the parties to an agreement will handle interactions and negotiations with external entities that are not signatories to the contract. Typically, this clause outlines the procedures for obtaining consent before entering into discussions with third parties, sets boundaries on what information can be shared, and may require notification or joint participation in such negotiations. Its core function is to protect the interests of the contracting parties by ensuring transparency and coordination when dealing with outside organizations, thereby minimizing the risk of unauthorized commitments or information disclosure.
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Third Party Negotiations. During the Review Period, at Purchaser’s sole expense, Purchaser shall have the right to interview the tenants; provided, a representative of Seller shall be entitled to participate in all such interviews.
Third Party Negotiations. Notwithstanding anything to the contrary herein, commencing […***…] of the HONEYWELL EXCLUSIVE PERIOD, […***…] in connection with the manufacture, sale, import and distribution of EXCLUSIVE LICENSED PRODUCTS in the TERRITORY; provided that no rights granted in such agreements with third parties shall be effective prior to the expiration of the HONEYWELL EXCLUSIVE PERIOD.
Third Party Negotiations. Seller will not, directly or indirectly, through any representative or otherwise, solicit or entertain offers from, negotiate with or in any manner encourage, discuss, accept or consider any proposal of any other party relating to the sale, lease or other disposition of the Subject Property, in whole or in part, whether through direct purchase, merger, consolidation or business combination.
Third Party Negotiations. Notwithstanding Section 3.2 to the contrary, during (y) the period of time that is four (4) years prior to the expiration of the Term or (z) the existence of an "Event of Default" by the County (as defined in the Spurs License Agreement), then and only then Spurs, LLC may, after giving prior written notice to the County, enter into negotiations or agreements with third parties concerning the relocation of the Team outside the boundaries of Bexar County, Texas, but Spurs, LLC shall remain, and any such third party agreements shall be, subject to all other provisions of this Non-Relocation Agreement including, without limitation, Section 2.2.1 above.
Third Party Negotiations. (i) At any time after the acceptance for filing of the first NDA for the Product that shall be accepted for filing, Anthra may enter into negotiations with prospective sublicensees of the Technology to sell, Market and distribute the Product in the Territory. Anthra may disclose such information relating to the clinical development of the Product as may be necessary to advance such discussions, subject to the condition that all third parties to which Anthra shall make such disclosures shall first enter into confidentiality agreements that impose confidentiality obligations not less stringent than those set forth in Article 8.
(ii) Subject to Berlex's Option, Anthra shall have an exclusive, royalty-free license to Market, sell and distribute the Product in the Territory, including the right to sublicense to any entity which does not Market, sell or distribute in the Territory during the term of this Development Agreement any product which competes with the Product, provided however that if Anthra proposes at any time to grant a license to a sublicensee on terms more favorable than the terms offered to Berlex under this Article 6, then Anthra shall first give Berlex written notice thereof, setting forth the terms in detail, and Bedex shall have a right of first refusal, exercisable on written 36 notice to Anthra within the later of (i) forty-five (45) days after receipt of Anthra's notice, or (ii) unless Berlex has notified Anthra that it will exercise the Option, forty-five (45) days after expiration of the Option Period, to accept such more favorable terms.
Third Party Negotiations. Section 7.5 shall be amended by adding the phrase "Except as set forth in Section 7.5 of the Disclosure Statement," before the word "Seller" in the first line of said Section.
Third Party Negotiations. During the pendency of this Contract, Seller shall not enter into any contracts or agreements regarding any lease of space or the disposition of the Premises or the Option Property without the prior written consent of Purchaser.
Third Party Negotiations. During the term of this Agreement, as the same may be extended, Seller shall not enter into negotiations with a third party or enter into any contractual relationship, including Letters of Intent, with a third party for the sale or lease of the Property.
Third Party Negotiations. For a period of ninety (90) days from the Effective Date of this Agreement, Interplay may solicit offers from and negotiate with third parties to acquire rights to the Properties and Titles granted under this Agreement, with substantially similar terms ("THIRD PARTY DEAL"). In the event Interplay enters into a binding agreement in connection with a Third Party Deal for an amount in excess of $3,500,000, Interplay can rescind Agreement and recover all rights granted and release ▇▇▇▇▇ from all obligations thereunder.
Third Party Negotiations. The Property shall not be offered for sale, shown to prospective buyers (other than Buyer), or a sale negotiated during the pendency of the approval of Seller's limited partners, as set forth above.