Bronx New York Standstill and Deposition Agreement by Efficient Networks, Inc. and Cabletron Systems, Inc.

• Category: Corporations - Public - Standstill
• State: Multi-State
• County: Bronx
• Control #: US-EG-9405
• Format: Word; Rich Text

Description

Standstill and Deposition Agreement by Efficient Networks, Inc. and Cabletron Systems, Inc. regarding ownership of voting securities dated December 17, 1999. 19 pages. The Bronx, New York Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc. is a legal document that outlines the terms and conditions agreed upon by the two companies in a specific situation. This agreement is designed to prevent any further actions or developments while the deposition process is underway. In cases where two companies are involved in litigation, this standstill and deposition agreement serves as a temporary measure to maintain the status quo until the deposition is completed. It allows both parties to gather necessary information and testimony before proceeding with any further legal action. The agreement typically includes key provisions such as: 1. Standstill Period: This specifies the agreed-upon timeframe during which both parties refrain from taking any action that may have a significant impact on the case. It ensures that neither company gains an unfair advantage during the deposition process. 2. Preservation of Evidence: It outlines procedures for the preservation and protection of relevant documents, records, and any other evidence pertinent to the case. Both parties are required to retain and maintain all materials to avoid any potential loss or destruction. 3. Confidentiality: To ensure the integrity of the deposition process, the agreement often includes provisions for maintaining confidentiality. This entails the protection of sensitive information disclosed during depositions, restricting its use to the litigation proceedings only. 4. Limited Discovery: The document may outline the scope and limitations of discovery that can take place during the deposition period. It helps streamline the process by preventing excessive requests or unnecessary delays. 5. Termination: The agreement specifies conditions under which the standstill and deposition agreement can be terminated, such as completion of all depositions, settlement, or an agreed-upon timetable. Termination releases both parties from their obligations under the agreement and allows them to resume regular legal proceedings. It is worth noting that the specificity and terms of the Bronx, New York Standstill and Deposition Agreement can vary depending on the unique circumstances of the case and the preferences of the parties involved. Different versions or variations of this agreement may exist, tailored to the specific needs or complexities of the litigation.

The Bronx, New York Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc. is a legal document that outlines the terms and conditions agreed upon by the two companies in a specific situation. This agreement is designed to prevent any further actions or developments while the deposition process is underway. In cases where two companies are involved in litigation, this standstill and deposition agreement serves as a temporary measure to maintain the status quo until the deposition is completed. It allows both parties to gather necessary information and testimony before proceeding with any further legal action. The agreement typically includes key provisions such as: 1. Standstill Period: This specifies the agreed-upon timeframe during which both parties refrain from taking any action that may have a significant impact on the case. It ensures that neither company gains an unfair advantage during the deposition process. 2. Preservation of Evidence: It outlines procedures for the preservation and protection of relevant documents, records, and any other evidence pertinent to the case. Both parties are required to retain and maintain all materials to avoid any potential loss or destruction. 3. Confidentiality: To ensure the integrity of the deposition process, the agreement often includes provisions for maintaining confidentiality. This entails the protection of sensitive information disclosed during depositions, restricting its use to the litigation proceedings only. 4. Limited Discovery: The document may outline the scope and limitations of discovery that can take place during the deposition period. It helps streamline the process by preventing excessive requests or unnecessary delays. 5. Termination: The agreement specifies conditions under which the standstill and deposition agreement can be terminated, such as completion of all depositions, settlement, or an agreed-upon timetable. Termination releases both parties from their obligations under the agreement and allows them to resume regular legal proceedings. It is worth noting that the specificity and terms of the Bronx, New York Standstill and Deposition Agreement can vary depending on the unique circumstances of the case and the preferences of the parties involved. Different versions or variations of this agreement may exist, tailored to the specific needs or complexities of the litigation.