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This clause establishes the operational framework for how user data is handled during corporate restructuring events. It clarifies that personal information constitutes a transferable asset in such transactions and specifies that the transfer is permitted by law and contract, which addresses continuity of data handling across ownership changes.
Under this provision, users' personal information may be disclosed to and assumed by a successor entity in merger, acquisition, or similar transaction scenarios without separate notification or affirmative consent at the time of transfer. The clause applies to a broad category of corporate transactions including bankruptcy and asset sales.
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"Disclosure in the Event of Merger, Sale, or Other Asset Transfers. If we are involved in a merger, acquisition, financing due diligence, reorganization, bankruptcy, receivership, purchase or sale of assets, or transition of service to another provider, then your Personal Information may be transferred as part of such a transaction, as permitted by law and/or contract.— Excerpt from Wealthfront's Wealthfront Privacy Policy
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This clause establishes the operational framework for how user data is handled during corporate restructuring events. It clarifies that personal information constitutes a transferable asset in such transactions and specifies that the transfer is permitted by law and contract, which addresses continuity of data handling across ownership changes.
Under this provision, users' personal information may be disclosed to and assumed by a successor entity in merger, acquisition, or similar transaction scenarios without separate notification or affirmative consent at the time of transfer. The clause applies to a broad category of corporate transactions including bankruptcy and asset sales.
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