Imagining the Perfect Confidentiality Agreement
The perfect confidentiality agreement is, in most cases, overkill and in any event would probably never be signed, writes Bryan K. Wheelock, a principal in Harness Dickey & Pierce.
He says a vast majority of the many CDAs, NDAs and other secrecy agreements signed every day perform adequately for their purpose. Rather than chase perfection, the parties should focus on avoiding mistakes.
He discusses the topic from the perspectives of the both the disclosing party and the receiving party. His article also provides a checklist for a confidentiality agreement.
