Should I sign a confidentiality agreement?
Confidentiality agreements and NDAs offer the most surefire ways to protect trade secrets and other confidential information meant to be kept under wraps. In most cases, there’s nothing wrong with signing an NDA, as long as you understand the terms and rules.
What should I look for in a confidentiality agreement?
Look for broad and vague language: When analyzing an NDA, make sure the definitions of proprietary and confidential information are thoroughly defined. Be skeptical of broad and vague language that opts to unreasonably limit your ability to discuss and divulge information.
How do I get around a non disclosure agreement?
To avoid an NDA being declared unenforceable because of being too broad, you could provide context for the agreement and its terms. The NDA can also be invalidated where the Receiving Party received the confidential information not through your disclosure but through an entirely separate third party.
Can I tell someone I signed an NDA?
If the NDA prohibits you from telling someone you signed it, then yes. If not, then yes, you can tell someone you signed an NDA. In fact, if someone tries to obtain confidential information from you, you probably could tell them that you signed an NDA and therefore refuse to disclose to you that information.
Do I need a lawyer for a NDA?
The name of the product, company and details of the sale must be kept by anyone involved in the process. A valid and completely binding NDA may be drafted by an experienced lawyer versed in contractual agreements.
Can an NDA be indefinite?
Any unhappy (or dishonest) Recipient can promise an indefinite term of nondisclosure, and then just slide into court and have that clause nullified based on the rule cited above.