Mississippi Standstill and Deposition Agreement is a legal contract between Efficient Networks, Inc. and Cable tron Systems, Inc. that aims to resolve disputes or conflicts between the two companies. This agreement outlines specific terms and conditions under which the parties can reach a standstill and halt litigation or legal proceedings temporarily. Here is a detailed description of the Mississippi Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc., along with relevant keywords: 1. Overview: The Mississippi Standstill and Deposition Agreement is a binding contract entered into by Efficient Networks, Inc. and Cable tron Systems, Inc. to establish a period of standstill and deposition, during which they will temporarily suspend legal actions and work towards resolving their disputes through negotiations or alternative dispute resolution methods. 2. Purpose: The primary purpose of this agreement is to encourage both parties to explore peaceful and amicable resolutions, ultimately avoiding the costly and time-consuming litigation process. It provides a framework for communication and cooperation, promoting the efficient resolution of disputes. 3. Key Terms and Conditions: The agreement includes the following crucial elements: a. Standstill Period: The duration of the standstill period, during which all legal actions are suspended, is specified. This period allows both parties to engage in negotiation and explore potential settlement options. b. Scope of Disputes: The agreement identifies the specific disputes or conflicts subject to the standstill, ensuring that both parties understand the boundaries within which negotiations will take place. c. Confidentiality: This clause ensures that any information shared during the standstill period remains confidential. It aims to promote open and honest discussions without fear of sensitive information becoming public. d. Negotiation and Mediation: The agreement may outline the steps to be taken during the standstill period, such as engaging in negotiation or seeking a mediator's assistance to facilitate the resolution process. e. Termination Conditions: The agreement states the circumstances under which the standstill period can be terminated or extended, ensuring that both parties have a clear understanding of the conditions that may affect the agreement's duration. 4. Types of Mississippi Standstill and Deposition Agreement: It is important to note that there may be variations or types of Mississippi Standstill and Deposition Agreements entered into by Efficient Networks, Inc. and Cable tron Systems, Inc., depending on the specific disputes, legal jurisdictions, and other factors. These variations may include: a. Specific Dispute Standstill Agreement: This type of agreement focuses on a particular dispute between the two companies, temporarily suspending lawsuits and legal actions related to that specific matter. b. General Dispute Standstill Agreement: In some cases, both parties may decide to enter into a broader standstill agreement that covers multiple ongoing disputes or potential future disagreements, allowing for a comprehensive resolution process. c. Deposition Agreement: In addition to the standstill period, a deposition agreement may be included in the overall contract. This agreement outlines the conditions and procedures for taking depositions, which are sworn out-of-court testimonies. In conclusion, the Mississippi Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc. is a legally binding contract designed to temporarily suspend legal actions, allowing the parties to negotiate and resolve their disputes amicably. The agreement includes specific terms such as the standstill period, confidentiality, negotiation procedures, and termination conditions. Variations of this agreement may exist, depending on the nature and scope of the disputes involved.
Mississippi Standstill and Deposition Agreement by Efficient Networks, Inc. and Cabletron Systems, Inc.
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Cabletron was founded in 1983 in a Massachusetts garage by Craig Benson (who later became New Hampshire's governor) and Robert Levine. As manufacturing and design operations expanded, Cabletron relocated to Rochester, New Hampshire, employing 6,600 people at its peak. In 1996 the company eclipsed US$1 billion in sales.
The final chapter in Cabletron Systems Inc.'s (NYSE: CS) rocky history was closed today as the company completed its name change and the spinoff of metropolitan area switching company, Riverstone Networks Inc. (Nasdaq: RSTN).