What is a “Financial Matters OR Reporting Requirements OR Information Rights” clause? – Part II..
These clauses set out the corporation's obligations with respect to what information is owed to the investor, as well as when or how often it is owed, and in what form (e.g. in-person meeting, physical copy, email etc.). The frequency and method of reporting must be determined contextually, depending on what is logistically and economically possible for the company and how demanding the investors are. An example of this kind of clause includes: The Corporation will provide to the Investor not more than 30 days following the end of each fiscal quarter of the Corporation, quarterly financial statements of the Corporation prepared by the Corporation's management in accordance with Generally Accepted Accounting Principles.
Blogs related to this clause:
Can emails be considered confidential information, and therefore can come under the obligation to return or destroy?
June 1 2017
COURT ORDERS DELETION OF CONFIDENTIAL EMAILS Pakage Apparel Inc [...]
September 3 2015
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