Hi friends, I am trying to make NDA for my company so I have certain questions like, Is it always better to use company's letter heads if not stamp paper?
Can we circulate the copies to the party which has to sign NDA ( soft copy or hard copy)?
There has to be different NDA for clients and Employees?
How specific an NDA is?
From India, Hyderabad
Can we circulate the copies to the party which has to sign NDA ( soft copy or hard copy)?
There has to be different NDA for clients and Employees?
How specific an NDA is?
From India, Hyderabad
Greetings,
Here's what I experienced while managing it:
Please blog your queries. Allow all of us to contribute to your learning.
Regards,
(Cite Contribution)
From India, Mumbai
1859Here's what I experienced while managing it:
- NDA was signed on a stamp paper. Any non-compete agreement is a legal document to be referred in case of any litigation, hence maintained similarly.
- NDA was not circulated, but in case the employee who was supposed to sign it had any question, he/she was scheduled to speak to the concerned legal and compliance team to make sure every point is well understood. We used to arrange detailed session before the document would be signed. Once this information sharing session would be over, we used to have a training form signed on the content of training, being well understood by the trainee.
- NDA is ideally not different for each client. Yet, if you have clients from different continents ,their legal requirements would greatly vary. In that case there might be few terms that would be different, or else , the document largely remained similar. Certain agreement had the competitors name mentioned , with whom the employee would not be able to work within the locking period. other agreements would just mention the vertical and any job including those skill sets or customer information.
- The specification, would again depend on the company policy. I have seen NDA from different companies , that differed in terms of client name, skill sets, duration, vendors, client's client, location etc.
Please blog your queries. Allow all of us to contribute to your learning.
Regards,
(Cite Contribution)
From India, Mumbai
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