What Copy-Paste NDAs Miss For Life Sciences And Other Technology Founders

Summary for Founders

• NDA templates miss evolving confidential information, trade secrets and intellectual property ("IP") realities.
• Templates often ignore improvements, background IP and ownership rights in collaboration.
• Generic terms can undermine patent strategy and foreign filings.
• Weak use limits, governing law and prior written consent create diligence risk.
• A legal counselor can draft a deal-specific confidentiality agreement  that protects your leverage.

Do Not Rely on Generic NDA Templates When Real IP Is at Stake

There are many moments in your day-to-day work when you need to share something important, but you do not want it to be disclosed outside a select person or group of persons because it holds strategic value to your company and its competitive advantage.