Access to the Confidential Information. Access to the Confidential Information must be restricted to personnel of Receiving Party engaged in the analysis and discussions concerning the Possible Business Arrangement with the Disclosing Party as contemplated in the Background Statement. Receiving Party will furnish access to the Confidential Information to its employees and third party contractors solely on a need‑to‑know basis. Receiving Party will ensure that its employees and third party contractors given access to the Confidential Information are bound by nondisclosure obligations similar to the obligations of this Agreement.
5. Ownership of Confidential Information; No Licenses. Confidential Information disclosed by the Disclosing Party to the Receiving Party will at all times remain the property of the Disclosing Party. No license under any trade secrets, copyrights, or other rights is granted under this Agreement or by any disclosure of Confidential Information under this Agreement.