implmex
Titanium
- Joined
- Jun 23, 2002
- Location
- Vancouver BC Canada
Hi again All:
I don't know if anyone is still interested in this saga, but I did get back another email requesting a second time that I sign the NDA as written and that drawings and models were just waiting for the signed NDA to go their way.
So here is a lightly redacted version of what I sent back:
Good morning _____________:
I have reviewed the NDA a second time and I am just as uncomfortable with it upon the second review as I was on the first review.
It has been framed by an adversarial lawyer in such a way as to try to take unfair advantage of anyone foolish enough to commit to its terms.
Let me explain:
I have no problem respecting the chain of custody requirements of Confidential Property originating with ____________ and disclosed to my company in the course of doing business.
I am however, offended in principle, that the NDA seeks to define and lay claim to any and all IP developed by my company and seeks to be the sole arbiter of what falls within that claim.
The definition of what constitutes Proprietary Property is over broad and entirely unilateral.
It is worded so as to lay claim to virtually anything, (and to force the Participant to litigate to recover the right to use anything) developed by the Participant during the time the Company and the Participant are working together, that the Company may lay covetous eyes on, whether it is directly relevant to the project under development or not, and regardless of whether the Company participated in the development of the IP in question or not.
In addition, it proposes remedies for the Company that inconvenience and harm the Participant financially, without offer of compensation and without remedies for the Participant other than litigation and it does so at the whim of the Company.
In the "Further Assurances" subsection, it seeks to potentially require the Participant to defray at least a portion of the costs of securing the Company's interest in the IP that the Participant has developed and it empowers the Company to take over the management of the Participant's company with respect to the issues potentially in dispute in the form of a Power of Attorney surrendered a-priori entirely for the convenience of the Company, and entirely without regard for the interests of the Participant and at the sole discretion of the Company.
In summation, some clauses in this NDA are outrageous demands; wholly incompatible with a co-operative agreement in which we work together to solve ________ needs for which you are seeking the expertise of my company.
I will not consent to such a lop sided contract under any circumstances, and I encourage ___________ to re-visit this document with an eye to rendering it less unfair and less offensive to any other potential participant.
Cheers
Marcus
Implant Mechanix • Design & Innovation > HOME
Vancouver Wire EDM -- Wire EDM Machining
I don't know if anyone is still interested in this saga, but I did get back another email requesting a second time that I sign the NDA as written and that drawings and models were just waiting for the signed NDA to go their way.
So here is a lightly redacted version of what I sent back:
Good morning _____________:
I have reviewed the NDA a second time and I am just as uncomfortable with it upon the second review as I was on the first review.
It has been framed by an adversarial lawyer in such a way as to try to take unfair advantage of anyone foolish enough to commit to its terms.
Let me explain:
I have no problem respecting the chain of custody requirements of Confidential Property originating with ____________ and disclosed to my company in the course of doing business.
I am however, offended in principle, that the NDA seeks to define and lay claim to any and all IP developed by my company and seeks to be the sole arbiter of what falls within that claim.
The definition of what constitutes Proprietary Property is over broad and entirely unilateral.
It is worded so as to lay claim to virtually anything, (and to force the Participant to litigate to recover the right to use anything) developed by the Participant during the time the Company and the Participant are working together, that the Company may lay covetous eyes on, whether it is directly relevant to the project under development or not, and regardless of whether the Company participated in the development of the IP in question or not.
In addition, it proposes remedies for the Company that inconvenience and harm the Participant financially, without offer of compensation and without remedies for the Participant other than litigation and it does so at the whim of the Company.
In the "Further Assurances" subsection, it seeks to potentially require the Participant to defray at least a portion of the costs of securing the Company's interest in the IP that the Participant has developed and it empowers the Company to take over the management of the Participant's company with respect to the issues potentially in dispute in the form of a Power of Attorney surrendered a-priori entirely for the convenience of the Company, and entirely without regard for the interests of the Participant and at the sole discretion of the Company.
In summation, some clauses in this NDA are outrageous demands; wholly incompatible with a co-operative agreement in which we work together to solve ________ needs for which you are seeking the expertise of my company.
I will not consent to such a lop sided contract under any circumstances, and I encourage ___________ to re-visit this document with an eye to rendering it less unfair and less offensive to any other potential participant.
Cheers
Marcus
Implant Mechanix • Design & Innovation > HOME
Vancouver Wire EDM -- Wire EDM Machining