What Is A Standstill Provision In A Confidentiality Agreement

The second clause is a “non-trust” provision in which the receiving party acknowledges that the disclosing party makes no representation as to the accuracy or completeness of the confidential documents provided and that the disclosing party assumes no responsibility for the documents provided. This clause is usually supplemented by a waiver provision in which the receiving party waives any claim it may have in connection with a potential transaction, unless the parties have entered into a final purchase agreement. In raa Management LLC v. .