Anyone have examples of objectionable NDA terms they have seen pop up? For instance I have heard of 'non-competition' clauses being thrown in that limit your ability to compete or pursue other deals in the industry.
It's time consuming to read every single NDA in detail, so if I know what I'm looking for it could help!
NDA Terms - what are the odd-ball terms to watch out for?
by a searcher from Northwestern University - Kellogg School of Management
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- Don't agree to not talking to suppliers (employees too depending on market) if you're going to be buying multiple in the industry, you'll eventually step on toes of the same suppliers (and sometimes employees in hiring)
- Set a definite term for the effectiveness
- Non-competition = HELL NO