What Should be Included in a Bilateral NDA for Nanotechnology?
Definition of Confidential Information: Clearly define what constitutes confidential information to avoid ambiguity. Obligations of the Parties: Specify the responsibilities of each party in maintaining confidentiality. Exclusions from Confidentiality: Identify any information that is not subject to confidentiality, such as information already in the public domain. Duration of the Agreement: State the period during which the NDA will remain in effect. Permitted Disclosures: Outline any scenarios where disclosure is allowed, such as to legal advisors or under a court order. Consequences of Breach: Describe the actions that will be taken if either party breaches the NDA.
