Nda Term Duration Considerations

Summary

NDA terms can vary based on the parties needs, with common durations ranging from 1 to 5 years. A 2-year term is negotiable and should align with the NDAs purpose. The agreement you mentioned is valid for 90 days, with confidentiality obligations lasting two years post-termination. You can revise this to a 1-year confidentiality period if needed. Consider consulting legal advice for specific clauses or terms.

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that is the offer that was sent,
It sounds like you're considering a *-year term for an NDA based on an offer you received. Here are some general points to consider:
- Negotiability: NDA terms, including duration, are often negotiable.
- Purpose: Consider if the *-year term aligns with the purpose of the NDA.
- Reevaluation: Ensure it meets your future business needs.
Would you like help reviewing or negotiating this NDA?
"by and between XXX LLC, a Delaware limited liability company, on behalf of itself and its subsidiaries and affiliates (collectively referred to as “XXXX”), rewrite and change to 1 year
Here's a revised version with a *-year term:
"By and between XXX LLC, a Delaware limited liability company, on behalf of itself and its subsidiaries and affiliates (collectively referred to as “XXXX”), the term of this Non-Disclosure Agreement shall be 1 year."
Would you like more assistance with specific clauses or terms within the NDA?
here's the full paragraph "This Agreement will remain in effect for * calendar days from the Effective Date, unless earlier terminated in writing by either Party. All confidentiality obligations will survive for two (*) years after termination or expiration of this Agreement". What does this mean
Case Rating: *
The paragraph you've shared means:
- The agreement is valid for 90 days from the effective date, unless one party terminates it earlier in writing.
- Even after the agreement ends, the confidentiality obligations continue for two years beyond the termination or expiration date.
This ensures that any confidential information shared remains protected for a set period after the agreement ends. If you have more questions or need further clarity, feel free to ask!
rewrite to change to 1 year
Here's a revised version with a *-year confidentiality obligation:
"This Agreement will remain in effect for * calendar days from the Effective Date, unless earlier terminated in writing by either Party. All confidentiality obligations will survive for one (*) year after termination or expiration of this Agreement."
If you need further assistance with the NDA, feel free to ask!
in an NDA for a company that is a Delaware LLC, is the following verbiage relative to that LLC acceptable "XX LLC, a company organized under the laws of the United States
Case Rating: *
For a Delaware LLC, it's more accurate to state "XX LLC, a limited liability company organized under the laws of the State of Delaware" instead of "laws of the United States." This specifies the state jurisdiction under which the LLC is organized. Do you have any other questions related to the NDA?