Ethical Implications of NDA
Why must you maintain ethical standards during a contact negotiation?
It builds trust.
What is the main purpose of a business contract?
To provide clarity and legal protection
What is the primary purpose of a non-disclosure agreement?
To protect confidential information
Facial expressions and body language is what type of communication?
Non-verbal Communication
What kind of shoes do frogs wear?
Open Toad
What would be considered an unethical use of a NDA?
Preventing employees from reporting harassment
A lease agreement is used for what?
Renting property or equipment
What is NOT covered by an NDA?
Public information
What should you do during negotiations to show that you are paying attention and understand the other sides wants and needs.
Active Listening
Where do surfers learn to surf?
Boarding school
The overuse of NDAs limits public access to information and can affect what?
Transparency
What is it called when one party does not uphold their end of a contract?
Breach
What must be defined in an NDA?
What "confidential information" is.
What is the primary goal of a contract negotiation?
To reach a fair agreement that benefits all parties
Why do you not want to play basketball with pigs?
They are ball hogs.
What can an NDA create if one side gets all of the leverage?
Power Imbalance
Why is a severability clause needed in a contract?
To ensure the rest of the contract remains enforceable even if one part is invalid
What are "exclusions" in an NDA?
Things not covered by the NDA such as public information
Why is it important to identify your priorities before negotiating a contract?
To know what you’re willing to compromise on
What do you call a boomerang that doesn't come back?
What happens if someone violates an NDA agreement?
They get sued
If a contract is unclear in it's language, what can happen?
There may be disputes or challenges in court
What type of NDA covers 3 or more people/businesses?
Multilateral
When during a contract negotiation, the other party is not trying to meet your needs, what should you do?
Walk away
What has a spine but no bones?
A book.