Define: Information Barrier

How is Information Barrier defined in a legal contract?

• Information Barrier means a system of control measures and monitoring mechanisms that may include physical separation of personnel and limits on information access and transfer, with sufficient effectiveness to guarantee certain outcomes or conditions.
  Seen in 5 SEC filings
• Information Barrier means effective procedures established to manage the transfer of pertinent information between individuals or groups that must be separated by such a barrier.
  Seen in 3 SEC filings
• Information Barrier means the enforcement of internal safeguards and confidentiality protection measures, which encompasses the restriction of participation by any individuals who have had any direct or indirect interaction with non-public details related to a certain project.
  Seen in 3 SEC filings
• Information Barrier means the physical or digital separation of individuals or groups within an entity, aimed at preventing the sharing of classified information among them.
  Seen in 2 SEC filings
• Information Barrier means a barrier formed within different sections of a business to prevent possible conflicts of interest.
  Seen in 1 SEC filing
• Information Barrier means a management arrangement to control access to sensitive or proprietary information, implemented in written procedures that ensure that such information is not accessible to certain individuals within an organisational structure.
  Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of information barrier’ yourself to verify these results. We are always keen to point people to source documents.

‍

Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

‍

Genie Definition 1

Information Barrier means a system establishing controls and safeguards, including physical separation, to manage the flow of sensitive information between distinct groups.

Relevant Contract Types

• Non-Disclosure Agreements
• Employee Contracts
• Partnership Agreements
• Consultancy Agreements
• Joint Venture Agreements

Relevant Circumstances

• When confidential or sensitive information is to be shared between parties.
• When information flows need to be controlled within an organization due to regulatory requirements.
• When certain groups or employees within an organization need to be isolated from specified information.

Relevant Sectors

• Banking & Finance
• Healthcare
• IT & Technology
• Consulting
• Legal Services

‍

Genie Definition 2

Information Barrier means a procedure to avoid conflicts of interest within different sections of an organization.

Relevant Contract Types

• Shareholder Agreements
• Board Resolution
• Corporate Bylaws

Relevant Circumstances

• When an entity wants to manage or avoid potential conflict of interest within its different divisions or departments.
• When an organization needs to ensure compliance with stringent corporate governance standards.
• When the responsibilities and rights of shareholders and directors need to be defined in order to prevent conflicts.

Relevant Sectors

• Corporate Management
• Governance and Compliance
• Real Estate
• Public Sector
• Manufacturing.

‍