Common use of NON-DISCLOSURE AND LIMITED USE Clause in Contracts

NON-DISCLOSURE AND LIMITED USE. Each Party (the “receiving Party”) shall maintain the confidentiality of any Confidential Information disclosed by the other Party (the “disclosing Party”) or learned by the receiving Party at the disclosing Party’s laboratories or other premises, shall not disclose, without the prior written consent of the disclosing Party, any Confidential Information to any entity or person other than the Research Personnel of the receiving Party who has a need to know such Confidential Information for carrying out the purpose contemplated hereby and has agreed in writing to the same obligations of confidentiality and restrictions on use as those to which the receiving Party is bound hereby, shall not copy or reproduce any Confidential Information without the written authorization of the disclosing Party except to the extent reasonably required for internal circulation for such purpose, and shall not use any Confidential Information for itself or others for any purpose other than in connection with the Research Project. In protecting Confidential Information, the receiving Party shall take all necessary precautions and Confidential Information shall be treated in the same manner and with the same degree of care as the receiving Party applies with respect to its own confidential information but in no event less than reasonable care.