ICYMI--MMT Chats: The 12 Sins of Non-Disclosure Agreements
Today’s MMT Chats guest is Mark Gauvain, a manufacturing and tooling business development executive (and one of MMT’s Editorial Advisory Board members) with some insight to share on a topic I’ve been asked about recently … NDAs. This episode is brought to you by ISCAR with New Ideas for Machining Intelligently.
MMT Chats: The 12 Sins of Non-Disclosure Agreements
This episode is brought to you by ISCAR with New Ideas for Machining Intelligently.
A few readers have reached out to me recently seeking guidance and insight on non-disclosure agreements and manufacturing service agreements as legal contracts.
Current MMT EAB member and manufacturing and tooling business development executive Mark Gauvain first defines an NDA and then provide a foundation for the small to mid-size mold builder who is challenged with understanding the legitimacy of an NDA when it comes to protecting themselves … maybe even without having to hire a legal team.
Mark runs through these 12 deadly sins of nondisclosure agreements:
- Epidemic Failure and/or Recall
- Indemnification for third party claims by the customer
- Indemnification for third party claims by the manufacturer
- Late delivery penalties
- Termination/Transition Assistance
- Materials Cancellation, Reschedule, Excess & Obsolete Inventory
- Warranty Remedy, Warranty Period & Disclaimer
- Component Liability
- Exclusivity or Non-Compete
- Intellectual Property
- Guaranteed Cost Reductions
- Liability Cap
Watch the full video chat above, and for more MMT Chats, visit our archive of on-demand video interviews here.
This episode is brought to you by ISCAR with New Ideas for Machining Intelligently.
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