Out-of-Court Restructuring Confidentiality Contract (Unilateral, Discloser-friendly): Joinder Contract

The "Out-of-Court Restructuring Confidentiality Contract (Unilateral, Discloser-friendly): Joinder Contract" is a legal template that outlines the terms and conditions for maintaining confidentiality in the context of an out-of-court restructuring process. This agreement is intended to be used by a disclosing party entering into discussions with one or more parties who wish to join the restructuring process.

The template primarily serves to protect the sensitive information shared by the disclosing party during negotiations by establishing strict rules of confidentiality. It ensures that all parties involved in the out-of-court restructuring process are bound to keep the disclosed information confidential and refrain from any unauthorized use or disclosure. In addition to the initial parties involved, this specific contract allows for the inclusion of new parties who wish to join the negotiations in the future by signing a separate joinder contract.

The document outlines the obligations of the disclosing party and the joining party, including the scope of information considered confidential, the steps to be taken to protect this information, and the limitations on its use. The template may also include provisions for non-circumvention, non-solicitation, and non-competition to prevent any unfair advantage or interference with the restructuring process.

This confidentiality contract emphasizes the importance of maintaining the privacy and integrity of the restructuring discussions and creates a legally binding document that can be enforced in case of any breach. It aims to foster trust and cooperation between the parties involved, providing a framework for open communication while safeguarding the sensitive information shared during the out-of-court restructuring process.