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  • merzkrashed started the topic Advice before signing an NDA in the forum Consultants and Legal Basics 8 years ago

    Hi Everyone,
    According to the attached article “NDA_Basics: The ABCs of NDAs”:
    “NDAs are contracts, and usually understandings between two ethical parties. Before you rely entirely on an NDA to protect confidential information, check the references and reputation of people with which you intend to have business relationships.If you get the feeling you are dealing with someone that makes you want to count your fingers after you shake their hand, perhaps you should just avoid getting involved with them.”

    According to what you have learned from the last lecture for Dr.Simon, Give us advice on what to do if you’re asked to sign an NDA?

    For example:
    It’s a good idea to fully understand each element before putting your ‘X’ on the line. Time periods are also commonly addressed in NDAs, and usually require that the party receiving the information stays confidential for a number of years. As Dr.Simon also mentioned “Avoid signing an NDA for an indefinite term”.
    thanks