This clause allows you to share confidential information with your lawyers, accountants, and other professional advisers who help you perform the contract. It matters because you cannot do business without getting professional advice, and the law recognizes this—courts in both the UK and US accept that sharing information with your own advisers is a necessary exception to confidentiality. The clause protects you by making clear that using your accountant to review financial terms, or your solicitor to check legal obligations, does not breach the confidentiality agreement. Without this clause, you'd technically be breaking the contract every time you asked for help.
Accept this clause as written—it's standard and protects your ability to get proper advice. Just make sure the clause requires your advisers to keep the information confidential too (often called a "need-to-know" requirement), so you're not creating a loophole for information to leak out through careless professionals. ---
Frequently Asked Questions
What does this clause mean in simple terms?
This clause allows you to share confidential information with your lawyers, accountants, and other professional advisers who help you perform the contract.
Why should I care about this clause?
It matters because you cannot do business without getting professional advice, and the law recognizes this—courts in both the UK and US accept that sharing information with your own advisers is a necessary exception to confidentiality.
What are my options?
The clause protects you by making clear that using your accountant to review financial terms, or your solicitor to check legal obligations, does not breach the confidentiality agreement.
How does this affect small businesses?
Without this clause, you'd technically be breaking the contract every time you asked for help.