Discloser - OneNDA Provision

OneNDA Owner’s Manual™ A Jolly Contrarian owner’s manual™ Go premium Overview — Summary — See also — Wikitext NDA Showdown OneNDA Homemade NDA What is Confidential Information? Confidential information Exclusions from confidential information Who can I share it with? Affiliates Permitted receivers Disclosure to regulators What are my obligations? Confidentiality obligation Procure compliance Return of information How long do my obligations last? Term Other important information Boilerplate Remedies Don’t go there girlfriend topics Non-solicitation Exclusivity Indemnity Sample text Confidential Information means information that is disclosed: by a party to this Agreement (the Discloser) or on the Discloser’s behalf by its authorised representatives or its Affiliates, to the other party to this Agreement (the Receiver), and in connection with the Purpose. Resources and Navigation Index: Click ᐅ to expand: OneNDA TOC OneNDA NDA

Overview

The one who is spilling his secrets, as opposed to the Receiver who is being let in on them.

Summary

A confidentiality arrangement is notionally an asymmetrical one, which will prompt fears in the brow of the diligent legal eagle confronted with such a tract — should she be acting for a receiving party, at any rate — that it is therefore somehow one-sided, rigged in favour of the disclosing party. A neat negotiation hack to dissuade this kind of thinking is to make the confidentiality agreement mutual even when, in point of actual fact, the parties only really anticipate the flow of confidential information going one way. It is a small and patently fatuous thing, but it does seem to work.

That said, we would favour some accommodation being made in the OneNDA form for a unilateral confidentiality agreement, where only one side gives and only one side receives: that will be the general run of these arrangements (at least insofar as onboarding and KYC is concerned). It would be a super thing to be able to drawdown your OneNDA form, mark it “one-way”, sign it, send it, and be in business without even having to wait for a reply.

Put it on the wishlist.

See also

• Negotiation hacks