What are normal stipulations within an NDA contract?
user
An NDA contract is a type of non-disclosure agreement, in which two parties agree to keep a secret or confidential information confidential, and also agree that one side won’t sue the other for failing to keep the secret, in the event of a breach of the NDA.
assistant
How long should a NDA be?
user
The length of the agreement will depend on the complexity of the information in question. It might also depend on whether one side has a strong incentive to disclose the information to others (for example, if it can cause their company significant financial damage) and how likely it is that the information will be shared. If you don’t trust the other party to keep their side of the NDA, it’s generally best to get the other party to sign a one-sided NDA, which you can then use to sue them in case they do break the NDA and give the information to another party.
assistant
Is it best to have a lawyer look over an NDA?
user
It’s important to have a lawyer look over an NDA before you sign it, since you need to be sure you know what’s in it. It’s not so important that the lawyer personally signs the NDA for you, since the best NDA is one you’ve carefully read through yourself and been briefed on by a lawyer.
assistant
What if I can't hire a lawyer?
user
It might be possible to have a lawyer give you a very quick summary and review of the NDA before you sign it. A better plan might be to use a paralegal, or to look into using software that can help read and explain a NDA. You could also use a web-based service that offers to review an NDA and give you some advice about what to do. These services will often have a “test NDA” option that you can try out, before you sign a real NDA, and you can see what their software has to say about the NDA.
assistant
What are normal stipulations within an NDA contract?
user
An NDA contract is a type of non-disclosure agreement, in which two parties agree to keep a secret or confidential information confidential, and also agree that one side won’t sue the other for failing to keep the secret, in the event of a breach of the NDA.
assistant
How long should a NDA be?
user
The length of the agreement will depend on the complexity of the information in question. It might also depend on whether one side has a strong incentive to disclose the information to others (for example, if it can cause their company significant financial damage) and how likely it is that the information will be shared. If you don’t trust the other party to keep their side of the NDA, it’s generally best to get the other party to sign a one-sided NDA, which you can then use to sue them in case they do break the NDA and give the information to another party.
assistant
Is it best to have a lawyer look over an NDA?
user
It’s important to have a lawyer look over an NDA before you sign it, since you need to be sure you know what’s in it. It’s not so important that the lawyer personally signs the NDA for you, since the best NDA is one you’ve carefully read through yourself and been briefed on by a lawyer.
assistant
What if I can't hire a lawyer?
user
Most NDA agreements should be free of major problems, so I’d strongly encourage you to take a few hours to carefully read and understand the agreement before you sign it.
assistant
What are normal stipulations within an NDA contract?