NEWS

The designation of the parties seems quite simple. At first, however, such situations are sometimes quite cordial, and because the people involved try to be overly polite and caring, some fundamental details (like who is who) cannot be explicitly made explicit. and that they are all parties of the NDA. The parties in typical business NDAs are companies. Are employees of a company required under the agreement? Does the company have confidentiality NDAs with its employees, which are similar to the proposed NDA in terms of commitments and obligations? If work is to be carried out under the NDA, suppliers, representatives and other non-employees to whom information may be transmitted should also be required to sign an NDA. For this reason, have candidates for sensitive positions sign a simple confidentiality agreement at the beginning of a job interview. Read on for examples of general (and necessary) clauses in confidentiality agreements. If the parties wish to cooperate and exchange proprietary information, the terms of the agreement should be reciprocal. Reciprocity means that both parties have the same obligations with regard to the provision of information and the receipt of information. A mutual agreement is also called a « fair » NDA.

So is a unilateral agreement unfair? Why make such an agreement? Leverage is the most common reason. For example, your customer is a supplier and wants the job. Unilateral agreements also occur in workers` employment situations. 4.