premise: Conﬁdential Information means:- (a) information relating to the Disclosing Party regarding its business, partners, customers or ﬁnancial aﬀairs (including details relating to any software the copyright in respect of which is vested in the Disclosing Party) which is obtained by the Receiving Party, either before or after this undertaking is entered into and either in writing or orally from or pursuant to the discussions with the Personnel of the Disclosing Party; (b) those portions of analyses, compilations, studies, reports and other documents prepared by the Disclosing Party which contain or otherwise reﬂect or are generated from any such information as is speciﬁed in paragraph  (a) above; (c) information of a commercially sensitive nature relating to the Disclosing Party obtained by observation during any visits to the Disclosing Party’s premises but subject always to the proviso set out in clause.