Toolkit of Additional Terms for Bonterms Mutual NDA

 

* These examples show how to add Additional Terms to a Bonterms Mutual Non-Disclosure Agreement (Version 1.0) Cover Page.

* You can delete, replace, modify or add to provisions of the Bonterms Mutual NDA.

* These are examples only. Have legal counsel review before using.


 
Additional Terms
The following additions to or modifications of the Bonterms Mutual NDA are agreed by the parties and control in the event of any conflicts:
GENERAL
AffiliatesAdd to the end of Section 1 (Introduction):

Upon notice to the other party, a party may allow its Affiliate to act as a Discloser or Recipient under this NDA, provided that such party remains responsible for compliance by its Affiliate with the terms of this NDA. “Affiliate” means an entity controlled, controlling or under common control with a party, where control means at least 50% ownership or power to direct an entity’s management.

Feedback ClauseAdd to the end of Section 4 (Exceptions): In addition, if a party provides feedback to the other party regarding development, improvement or operation of the other party’s products or services, the receiving party may use the feedback without restriction or obligation. All feedback is provided “AS IS” and may not be attributed to the disclosing party without prior written consent.
No Independent Development ExceptionDelete Section 4(d) (Exceptions) which reads: “ or (d) it independently developed without using or referencing Confidential Information.”
SPECIAL PURPOSE NDAs
Unilateral NDA
Make NDA UnilateralReplace the first sentence of Section 1 (Introduction) with the following:

This Mutual Non-Disclosure Agreement (“NDA”) allows [NAME OF PARTY] (“Discloser”) to disclose its Confidential Information to [NAME OF PARTY] (“Recipient”).

[USAGE NOTES:
  1. In addition to inserting the above language in Additional Terms, in the signature blocks of the Cover Page, change the first Party Name reference toParty Name – Discloser:and the second Party Name reference toParty Name – Recipient:
  2. Consider defining Purpose in a manner that references Discloser as the only party providing Confidential Information.]
Remove Similar Product Development LanguageDelete the second sentence of Section 8 (Proprietary Rights) which reads “Nothing in this NDA prohibits Recipient from developing products, concepts, systems or techniques that are similar to or compete with products, concepts, systems or techniques described in Confidential Information, provided Recipient does not violate any of its obligations under this NDA in connection with such development.”
Add Job Candidate ProvisionAdd the following to the end of Section 1 (Introduction):

Nothing under this NDA constitutes an obligation on the part of Discloser to offer any type of consulting or employment to Recipient nor to require Recipient to accept any such offer if and to the extent extended by Discloser.