Preferred Confidentiality Clause
"Each party agrees to maintain in strict confidence all Confidential Information disclosed by the other party, whether orally or in writing, and to use such Confidential Information solely for the purposes of performing its obligations under this Agreement. The receiving party shall not disclose any Confidential Information to any third party without the prior written consent of the disclosing party, except as required by law or as necessary to its employees, agents, or contractors who are bound by similar confidentiality obligations."