I've been seeing more and more NDAs with no term length for confidentiality (more commonly with smaller brokers). I come from investment banking and have always seen a finite term as standard, but now I'm wondering how acceptable it is to have an NDA with no term and what risks this opens up. In one specific case, I'm talking to a pretty large, national broker, and I told them I wanted any term to avoid an open-ended liability/obligation that would last indefinitely. Their legal is shutting down any term length, saying "they were confused as to why keeping a seller's business information confidential would be an issue for a prospective buyer". Not sure how to proceed here and how real these risks would be, so I would appreciate thoughts here. (Noting that I see other threads saying to add a definite term like here: redacted