Template:Nda confidentiality obligation

The Receiving Party undertakes in relation to any Confidential Information disclosed by or obtained from the Disclosing Party (or anyone acting on the Disclosing Party’s behalf), that it shall:

(a) Keep confidential: treat and safeguard the Confidential Information as private and confidential and to take the same security precautions and degree of care as the Receiving Party would use to safeguard its own confidential information;

(b) Purpose: ensure the Confidential Information is only used for the Purpose and otherwise on the terms of this Agreement;

(c) Need to know: not, without the Disclosing Party’s prior written consent, disclose or permit the disclosure of any part of the Confidential Information except to its Affiliates and Representatives who have a need to know such Confidential Information in the course of the performance of their duties and then only to the extent that it is reasonably necessary by reason of their being engaged or concerned in the Purpose.

(d) Ensure compliance: before disclosing any Confidential Information, make the persons to whom it is to be disclosed aware of the terms of this Agreement, and shall procure that such persons are bound by confidentiality obligations no less stringent than those contained in this Agreement and comply with the same;

(e) Not disclose: Not otherwise use, disclose, or permit anyone access to the Confidential Information except in accordance with this Agreement.