Common use of Receiving Party Clause in Contracts

Receiving Party. In relation to the Confidential Information of the Disclosing Party, the Receiving Party undertakes - to maintain the Confidential Information in strict confidence; to use the Confidential Information solely for the Purpose only and for no other purpose; to refrain from copying, reproducing and reducing to writing or any other form of recording any part thereof except as may be reasonably necessary for the Purpose provided that the Receiving Party has obtained the prior written consent of the Disclosing Party; to refrain from disclosing the Confidential Information whether to its employees (other than the Personnel in Charge) or third parties except to such of its employees (other then the Personnel in Charge) or third parties who have a need to know or whose services are appropriately required in connection with the Purpose but subject to the prior written consent of the Disclosing Party and the provision of clause 3.2 herein below; to apply no lesser security measures and degree of care thereto than those which the Receiving Party applies to its own Confidential Information or proprietary information and which the Receiving Party warrants as providing adequate protection on such information from unauthorized use or disclosure.

Receiving Party. In relation to the Confidential Information of the Disclosing Party, the Receiving Party undertakes - to maintain the Confidential Information in strict confidence; to use the Confidential Information solely for the Purpose only and for no other purpose; to refrain from copying, reproducing and reducing to writing or any other form of recording any part thereof except as may be reasonably necessary for the Purpose provided that the Receiving Party has obtained the prior written consent of the Disclosing Party; to refrain from disclosing the Confidential Information whether to its employees (other than the Personnel in Charge) or third parties except to such of its employees (other then the Personnel in Charge) or third parties who have a need to know or whose services are appropriately required in connection with the Purpose but subject to the prior written consent of the Disclosing Party and the provision of clause 3.2 herein below; to apply no lesser security measures and degree of care thereto than those which the Receiving Party applies to its own Confidential Information or proprietary information and which the Receiving Party warrants as providing adequate protection on such information from unauthorized use or disclosure.. not to reverse engineer, disassemble or decompile any prototypes, software or other tangible objects which embody the Disclosing Party’s Confidential Information and which are provided by the Disclosing Party. Third Party