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NDA For An Idea
"I need an NDA For An Idea to protect my new software development methodology before presenting it to potential investors at a tech conference in March 2025, with specific provisions for multiple recipients and a 3-year confidentiality period."
1. Parties: Identifies all parties to the agreement, including full legal names and addresses
2. Background/Recitals: Explains the context and purpose of the NDA, including the nature of the idea being protected
3. Definitions: Defines key terms including 'Confidential Information', 'Permitted Purpose', and 'Representatives'
4. Confidentiality Obligations: Core obligations regarding protection and non-disclosure of the confidential information
5. Permitted Uses: Specifies allowed uses of the confidential information
6. Term and Termination: Duration of the agreement and termination provisions
7. Return of Information: Requirements for returning or destroying confidential information
8. Governing Law: Specifies applicable jurisdiction and law
1. Non-Circumvention: Prevents recipient from bypassing discloser to exploit the idea. Include when the idea involves business opportunities or potential partnerships
2. Non-Solicitation: Prevents poaching of employees or customers. Include when sharing information about internal operations or customer relationships
3. Assignment Rights: Rights to transfer the agreement to other parties. Include when either party might undergo corporate changes or transactions
4. Publicity: Restrictions on public announcements about the relationship. Include when dealing with high-profile parties or sensitive discussions
1. Description of Confidential Information: Detailed list or description of the specific confidential information covered
2. Authorized Representatives: List of individuals authorized to receive the confidential information
3. Security Protocols: Specific procedures for handling and protecting the confidential information
Authors
The Idea
Permitted Purpose
Permitted Recipients
Disclosing Party
Receiving Party
Representatives
Affiliates
Trade Secret
Confidential Materials
Effective Date
Disclosure Period
Confidentiality Period
Proprietary Information
Business Purpose
Intellectual Property Rights
Authorized Personnel
Related Communications
Associated Documentation
Third Party
Non-Disclosure
Permitted Use
Return of Information
Non-Circumvention
Term and Duration
Protection Measures
Exceptions to Confidentiality
Breach and Remedies
Injunctive Relief
Survival
Notice Requirements
Assignment
Governing Law
Jurisdiction
Severability
Amendment
Entire Agreement
Non-Solicitation
Warranties
Indemnification
Force Majeure
Third Party Rights
Counterparts
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