Common use of General Responsibilities of Receiving Entity Clause in Contracts

General Responsibilities of Receiving Entity. 3.1. The Receiving Entity shall keep the Disclosing Entity’s Confidential Information in confidence using the same safeguards as it uses to protect its own Confidential Information of comparable value or sensitivity, but in any event safeguards that meet or exceed industry standards for businesses similar to the Receiving Entity. 3.2. The Receiving Entity shall not, without the written consent of the Disclosing Entity, disclose or permit the Disclosing Entity’s Confidential Information to be disclosed to anyone other than the Receiving Entity’s Representatives to the extent such persons have a legitimate need to know the Confidential Information in connection with the Purpose, are informed of the confidential nature of such information, and are subject to confidentiality obligations at least as restrictive as those contained in this Policy. 3.3. The Receiving Entity shall not use and not permit its Representatives to use the Disclosing Entity’s Confidential Information for any reason other than in connection with the Purpose. 3.4. The Receiving Entity shall be fully responsible to the Disclosing Entity for its or any of its Representatives’ violation of the Receiving Entity’s obligations hereunder. 3.5. Corporation itself is not a Receiving Entity for purposes of this Policy, and authorized actions taken by Corporation’s Representatives on behalf of Corporation shall not be subject to confidentiality or non-disclosure obligations under this Policy. Unless acting pursuant to the foregoing sentence, Corporation’s Representatives are Receiving Entities under this Policy.