Do you spot common gotchas in NDA contracts?

Join lawyer Cameron Shaw as he gives some great tips to Ulysses Maclaren about NDAs.
00:39 What is an NDA?
01:15 Before consulting a lawyer, businesses can ask for sensible amendments
01:40 Mutual vs. one-way agreements
02:55 Check for Indemnity clauses
04:21 Be aware of time limits
05:00 Check the jurisdiction under which the NDA operates
06:23 Be aware of contracts which nominate liquidated damages (penalties)
07:30 Check whether the contract includes individual liability
09:11 What is confidential information?
10:00 Check your obligations due at the end of the agreement
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[@sharathcv]

Insightful, especially the time period and the two way aspect of NDAs. Thank you!

[@kj_7309]

Thank you for explaining and pointing out the concerning aspects of an NDA

[@Dimich1993]

Good one!

[@Elohimchild]

What if the nda doesn’t say “indemnity”? And is not mutual? It also doesn’t have a time period…

[@Icortherainwing]

I can answer half it, whoever the party is that you are signing an NDA for usual will specify the conditions when it should be ending. Commonly its five years after severing times with an Employer / Group.