Is It Time for Form NDA Spring Cleaning?
It is important to periodically review form agreements to ensure that the provisions that were favorable or represented your company’s position in the past continue to accurately protect your company’s interests, and that includes a company’s nondisclosure agreements, according to Morgan, Lewis & Bockius.
Michael L. Pillion and Jessica M. Pelliciotta are authors of the article.
They discuss in some detail the subjects of parties, terms, the definition of “confidential information,” disclosure of information, standard of care, the obligation to report misuse, and the return of confidential information.
