The Terms and Conditions is a binding contract between GLG and its Council Members. It is designed to protect Council Members, GLG clients and GLG. Among other things, it requires Council Members to honor their obligations to employers and other third parties, and it requires Council Members to follow GLG’s additional rules. For example, GLG prohibits Council Members from consulting about their own companies. GLG also places limitations on the type and amount of consulting that Council Members may do through GLG unless the Council Member is enrolled in GLG’s Member Programs. The Terms and Conditions also requires Council Members to keep any information they learn about clients and about their projects strictly confidential.