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by t_hinman_esq
604 days ago
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Hi! I am a startup attorney - I can't give specific legal advice here, of course, but it's not unusual to be required to sign an NDA before discussing confidential company IP. The NDA basically specifies that the information can only be used for the "business purpose." You should make sure that it covers the information of both parties (i.e., it's mutual and not one-way), and that the term is long enough to protect your IP (3-5 years might be standard; some large companies want shorter terms to shorten their liability window). Enforcement would be a suit for damages or, in certain cases, injunctive relief that would allow the disclosing party to bring a claim to a judge asking for an injunction that would force the receiving party to do/stop doing whatever it was that violated the NDA. Hope that helps! |
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