Virtual every business uses Non Disclosure Agreements. But the Ethical NDA is different.
The Ethical NDA has three major components:
- A basic non-disclosure component.
- An IP transfer component.
- A mediation and arbitration provision that is managed by the Ethical Collaboration Association.
Why the Ethical NDA is Different.
The Ethical NDA protects both parties – but it encourages them to collaborate. For example, you might have an NDA with your supplier, but what if the supplier suggests a great improvement to your product? With a conventional NDA, the *supplier* owns the improvement, even if you would try to get a patent. With the Ethical NDA, the supplier could help you – and you would own the improvement.
The Ethical NDA has a mediation and arbitration provision. This means that a neutral third party – the Ethical Collaboration Association, Inc. – will handle any disputes regarding the Ethical NDA. The disputes will be handled without going to court and quickly and efficiently. This means your business is protected.
What comes in the package?
The Ethical NDA is a fully automated NDA platform. You will get a customized URL that you can send to anyone with whom you want to have an NDA. They will fill out their information, and both of you will sign using DocuSign’s electronic signature system.
You have unlimited use of the Ethical NDA. Use it as many times as you like.
The subscription is for one year, and is renewable.
What if I want changes to the agreement?
We can customize the Ethical NDA for your needs. There is a one-time setup charge for implementing your agreement.