Common use of The Receiving Party Clause in Contracts

The Receiving Party. (a) shall keep, and shall cause its personnel to keep, strictly confidential and not disclose to any Third Party the Confidential Information; (b) shall not use, and shall not permit its personnel to use, any Confidential Information except in accordance with this General Terms and Conditions; (c) shall exercise all reasonable efforts (and in no event less than reasonable care) to prevent unauthorized personnel and Third Parties from gaining access to Confidential Information; (d) shall disclose Confidential Information only to such of its personnel who have a need to know such Confidential Information to fulfil the respective’s obligations under this Agreement; (e) prior to any disclosure, shall instruct its personnel of the confidential nature of, and to maintain the confidentiality of the Confidential Information and, in any case, bind the personnel receiving the Confidential Information to a written agreement with confidentiality obligations at least as restrictive as this Agreement; and (f) shall in any case be responsible for all actions of its personnel, including any breach of the terms hereof (hereinafter, collectively, “Confidentiality Obligations”).