Standardization of Non Disclosure Agreement (NDA)
The project aims to form standard NDA templates, leveraging Ken Adams’ existing NDA version, regionalized as necessary and prepared for global use.
To achieve this, the team will firstly review the current version and propose changes. In particular, the team will examine the extent to which the NDA can be considered “enterprise-ready”.
While reviewing the content, the team will secondly identify all relevant meta-content and suggest definitions where appropriate. Examples are what is a “clause”, what are “variables”, “alternatives”, “fill-ins”, “risk parameters”, “rules”, “interdependencies” etc.
In parallel the team will thirdly assess ways to distribute such standard NDA content, including meta-content, to vendors. These vendors, who like to make use of the standard are supposed to describe the “inbound process”, in other words the way such content is set-up in their system.
While you’re here, have a look at our work on standardized share purchase agreements.