In today’s business world, a well-designed commercial nondisclosure agreement is often the foundation of a successful partnership. Some points to remember before signing an NDA:
• Determine whether the NDA is unilateral (typical when one party is sharing information) or mutual (typical when both parties are sharing information).
• Define what information should be confidential, what is excluded and who will have access to it.
• Contemplate what will occur at the end of the arrangement, whether by expiration or termination.
• Consider requiring a provision allowing for injunctive relief in the event of a breach or leak of information.
Learn more here.