The following Competition precedent provides comprehensive and up to date legal information covering:
This AGREEMENT is made the [insert date] day of [insert month] [insert year]
[Party 1] a company incorporated in [England and Wales] (registered number [insert number]) whose registered office is at [insert address];
[Party 2] a company incorporated in [England and Wales] (registered number [insert number]) whose registered office is at [insert address].
[Party 1] and [Party 2] are together referred to as the parties and individually as a party.
[Party 1] and [Party 2] are in discussions over [description of transaction] (the Proposed Transaction).
Each party recognises that it will require access to Competitively Sensitive Information (as defined below) of the respective other party for the purpose set out in clause 3.1 below. This Clean Team Agreement records the terms on which the parties will exchange such information and sets out the procedure for the exchange of such information.
This Agreement is intended to ensure that the exchange of Competitively Sensitive Information (as defined below) necessary for the evaluation and planning of the transaction does not give rise to any infringement of relevant antitrust and competition laws and regulations.
Definition of Competitively Sensitive Information
Competitively Sensitive Information is any information provided by one party to the party which contains non-public information on the commercial strategy of the providing party and/or which would or might be expected to influence the commercial
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
The principle of transferred maliceIf a person has a malicious intent towards X and, in carrying out that intent, injures Y, he is guilty of an offence. So, if D shoots at A with intent to kill him but kills B by mistake it is murder; the mistake as to the identity of the victim is irrelevant as D
What is rescission of a contract?The remedy of rescission is available to a party whose consent, in entering into a contract, has been invalidated in some way:•the effect of rescinding a contract is to extinguish it and restore the parties to their pre-contractual positions•the main grounds of
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
Definition of automatismAn act is done in a state of automatism if it is done by the body without control by the mind, (eg it is a spasm or a reflex), or if it is done by a person who is not conscious of what they are doing. The act may be described as involuntary, but will not be regarded as such
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.