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by OzzyB
5168 days ago
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Do NDAs usually come with a time limit? i.e. if you sign that NDA it becomes null & void, in say, 6/12/36 months? I think one of the main reasons folks are adverse to signing NDAs, especially the "my idea is so great that I must protect it" kind, is that if I sign too many of them I effectively put myself outta business. If I knew that a particular NDA would "time-out" in 12 months, I might be more inclined to sign; since if it does turn out to be yet another "photo sharing app, but for dwarfs" type deal -- I'm not going to be legally binded forever. One last thing, I totally understand the need and desire for NDAs by orgs that actually have existing IP that they want to protect; but alas alot of these NDA requests are made in the ideation phase... |
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