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NDA For Ideas
"I need an NDA for Ideas to protect my new software development concept when discussing it with potential investors, ensuring they can't use or disclose my intellectual property for at least 3 years after our discussions in March 2025."
1. Parties: Identification of the disclosing and receiving parties, including full legal names and addresses
2. Background: Context of the disclosure and relationship between parties, explaining the purpose of sharing confidential information
3. Definitions: Key terms including 'Confidential Information', 'Purpose', 'Representatives', and other relevant definitions
4. Confidentiality Obligations: Core obligations regarding non-disclosure, permitted uses, and standard of care for protecting confidential information
5. Term and Termination: Duration of agreement, survival provisions, and circumstances for termination
6. Return of Information: Obligations regarding return or destruction of confidential materials upon termination or request
7. Remedies: Legal remedies available in case of breach, including injunctive relief
8. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and entire agreement
1. Non-Compete Provisions: Restrictions on competitive activities, used when sharing business-critical ideas that could enable competition
2. Assignment Rights: Provisions regarding the transfer of rights and obligations under the agreement
3. Residual Knowledge: Provisions regarding retained knowledge and its permissible use after agreement termination
4. Independent Development: Provisions clarifying rights to develop similar ideas independently
1. Schedule A - Description of Ideas/Information: Detailed description of confidential information being shared
2. Schedule B - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule C - Security Protocols: Specific procedures and requirements for handling and protecting confidential information
Authors
Ideas
Disclosing Party
Receiving Party
Representatives
Purpose
Affiliate
Authorized Recipients
Trade Secret
Proprietary Information
Intellectual Property Rights
Permitted Use
Confidential Materials
Effective Date
Disclosure Period
Confidentiality Period
Residual Information
Business Opportunity
Evaluation Process
Third Party
Non-Disclosure
Permitted Use
Return of Information
Term and Duration
Data Protection
Intellectual Property Rights
Non-Circumvention
Non-Solicitation
Security Measures
Notice Requirements
Remedies
Indemnification
Survival
Assignment
Severability
Governing Law
Jurisdiction
Force Majeure
Entire Agreement
Amendment
Waiver
Counterparts
Third Party Rights
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