View Document: NDATemplate2.pdf
View Document: NDATemplate2.pdf
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[D Mittmann]
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Document Information
| Document: | NDATemplate2.pdf |
| Pages: | 4 |
| Sign Level: | AES Basic |
| Sign Type: | Signature |
| Owner: | dennis@blocksign.io |
| Timestamp: | 3 months ago |
| Signatures: | 0 of 1 |
| Status: | ongoing |
| Download: | |
| Report: | Report |
Text 2 Speech
Analysis
Summery
The NDA lays out standard confidentiality terms, including clear definitions, scope of confidential information, obligations for confidentiality, provision for legal obligations, intellectual property protection, agreement term, and termination actions. Concerns include an overly broad definition of confidential information, indefinite obligations, and a lack of specified penalties for breach.
Recommendation
The document should be updated to narrow the scope of confidential information, define a clear term for obligations, and include specific penalties for breaches of confidentiality.
Introduction - Agreement introduction
This confidentiality agreement (the 'Agreement') is entered into ... Party and collectively as the 'Parties'.
Standard NDA clauses
This confidentiality agreement (the 'Agreement') is entered into ... Party and collectively as the 'Parties'.
Standard NDA clauses
Definitions - Definitions
"Disclosing Party" means ... 'Confidential Information'.
Clear definitions provided
"Disclosing Party" means ... 'Confidential Information'.
Clear definitions provided
Declaration - Declaration and Agreement
The Parties declare: ... Confidential Information of the Disclosing Party.
Prerequisites for disclosure clear
The Parties declare: ... Confidential Information of the Disclosing Party.
Prerequisites for disclosure clear
Breach - Breach of Agreement
The Parties declare: ... Breach of this agreement will be punished with a penalty of one million Euro
Clause IV introduces a fixed penalty of one million Euro for any breach, which is legally problematic without additional qualifications.
The Parties declare: ... Breach of this agreement will be punished with a penalty of one million Euro
Clause IV introduces a fixed penalty of one million Euro for any breach, which is legally problematic without additional qualifications.
1 - Scope of Confidential Information
Confidential Information shall be deemed to be ...
Clear scope and exceptions
Confidential Information shall be deemed to be ...
Clear scope and exceptions
2 - Confidentiality commitments
Both Parties undertake to maintain ...
Explicit confidentiality obligations
Both Parties undertake to maintain ...
Explicit confidentiality obligations
3 - Requests for information from the authorities
the Receiving Party shall be authorised ...
Allowance for legal obligations
the Receiving Party shall be authorised ...
Allowance for legal obligations
4 - Intellectual Property
Both Parties understand and accept ...
Protection of intellectual property
Both Parties understand and accept ...
Protection of intellectual property
5 - Term
This Agreement shall enter into force ...
Clear term definition
This Agreement shall enter into force ...
Clear term definition
6 - Return or destruction of Confidential Information
Upon termination of this Agreement ...
Clause for termination actions
Upon termination of this Agreement ...
Clause for termination actions
7 - Non-competition
During the term of this Agreement ...
Clause for Non-competition
During the term of this Agreement ...
Clause for Non-competition
8 - Non-compliance
The Parties acknowledge that a breach of the obligations ...
Clause for Non-compliance
The Parties acknowledge that a breach of the obligations ...
Clause for Non-compliance
9 - Signatories
The signatories to this document are informed ...
Clause for personal data of signatories
The signatories to this document are informed ...
Clause for personal data of signatories
10 - Future events
For the avoidance of doubt ...
Clause for future events
For the avoidance of doubt ...
Clause for future events
11 - Notifications
Notifications shall be deemed to have been ...
Clause for notifications
Notifications shall be deemed to have been ...
Clause for notifications
12 - Miscellaneous
The waiver of any right contained in this Agreement ...
Clause for miscellaneous
The waiver of any right contained in this Agreement ...
Clause for miscellaneous
13 - Applicable law and competent jurisdiction
The Parties agree to submit any dispute related ...
The Agreement applies Irish law but assigns jurisdiction to German courts
The Parties agree to submit any dispute related ...
The Agreement applies Irish law but assigns jurisdiction to German courts
Document signees
Sign on page #4
Mittmann Dennis
dennis@docufi3d.com
Signature pending