Common Contracts
1 similar null contracts
What is a non disclosure non compete agreementAugust 20th, 2021
Most NDAs are harmless. Despite all that scary-looking legalese, there’s nothing in there that’s likely to hurt you. But that doesn’t mean you shouldn’t read them carefully – because in rare cases an NDA will have a clause that can bite you in the butt. For example, you might see something like this: Receiving Party agrees not to engage in any employment, consulting, or other activity involving [scope of work] that competes with the business, proposed business, or business interests of Disclosing Party, and Receiving Party will not assist any other person or entity in doing so, without Disclosing Party’s prior written consent. (The Disclosing Party is the party giving confidential information – maybe an employer or a potential business associate. The Receiving Party is the party getting the information – i.e., you.) Here’s another version of the clause, as flagged by LawGeex: With this clause, an otherwise-harmless NDA is transformed into a highly toxic non-compete agreement. Rare but
