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In recent years many companies have turned to standard “form” contracts for common business arrangements such as nondisclosure/confidentiality agreements (generically referred to as NDAs). On the surface, this appears to be an efficient use of limited personnel and an effort to be more responsive to businesses’ interactions with current and potential customers, suppliers, investors, and collaborators. This trend, however, has led many to mistakenly believe that these agreements are simply “forms” to be filled out by anyone in the organization without much care or consideration for the subject matter being disclosed or the understanding of appropriate terms and conditions governing the relationship.

 

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