- It places the party receiving the information on notice that you consider the information confidential.
- It specifies what information is defined as confidential, which helps prevent misunderstandings and resolve disputes.
- It can establish a method for resolving disputes—for example, mandating that the parties arbitrate any disputes instead of going to court.
- It can guarantee that any dispute will be decided in your geographic area.
- It can establish which state’s laws will govern disputes. For example, if you are entering into an agreement with a company in another state, you may prefer to have disputes resolved under your state’s trade secret laws rather than the laws of the other party’s state.
- In some cases, you may have a longer period of time to file a lawsuit than if you did not have a signed agreement.
There are many decent NDAs available on the web but we prefer the ones posted by the Dear Rich Staff at this website.
No comments:
Post a Comment