What to know before signing a commercial NDA

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.

– Gary M. Sanderson, Meyer, Unkovic & Scott, gms@muslaw.com