A Hold Harmless Letter Due Diligence is commonly used in England and Wales during corporate transactions, mergers, acquisitions, or investments where detailed company information needs to be shared. This document serves to protect the information provider from potential claims arising from the shared information while facilitating necessary disclosure for business purposes. It sets out the scope of protection, confidentiality obligations, and any specific limitations or exclusions applicable to the indemnification.
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Key Requirements PROMPT example:
Hold Harmless Letter Due Diligence
"I need a Hold Harmless Letter Due Diligence to protect my company while sharing sensitive financial information with a potential investor during their review of our manufacturing facilities, with special attention to protecting our intellectual property rights and manufacturing processes."
1. Sender and Recipient Details: Full legal names and addresses of both parties providing and receiving the hold harmless letter
2. Purpose Statement: Clear statement of the due diligence context and purpose of the hold harmless letter
3. Scope of Information: Description of information being provided/reviewed in the due diligence process
4. Hold Harmless Statement: Specific indemnification provisions and liability limitations regarding the information provided
5. Confidentiality Provisions: Terms regarding use and protection of disclosed information during and after due diligence
6. Signature Block: Execution provisions and date of the hold harmless letter
1. Time Limitations: Optional section specifying timeframes for the hold harmless provision when protection is not intended to be perpetual
2. Specific Exclusions: Optional section listing specific matters excluded from the hold harmless protection when certain risks need to be carved out
3. Jurisdiction Clause: Optional section specifying jurisdiction requirements, particularly relevant in cross-border situations
4. Governing Law: Optional section explicitly stating the governing law when dealing with cross-border transactions
1. Schedule of Information: Detailed list of documents and information covered by the hold harmless letter
2. Schedule of Parties: List of additional parties covered by the hold harmless provisions, if applicable
3. Schedule of Specific Limitations: Detailed breakdown of specific limitations or carve-outs from the hold harmless provisions
4. Schedule of Authorized Recipients: List of individuals or entities authorized to receive and review the due diligence information
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