Is your farm or food business in business negotiations and you you considering using a Confidentiality Agreement or Non-Disclosure Agreement (“NDA”)? In most instances, bilateral NDA’s should cover the following issues: (1) Legal Name of the Parties and Location. The NDA should use the parties’ legal name, address, and state of incorporation (if appropriate). It may be prudent to ask …
Contract Management for the Food or Agri-Business
I have been working on a contract management spreadsheet for a agri-business client of mine over the last month or so. I think this is a healthy exercise for all food and agri-businesses, no matter the size. It’s a nice way to understand who the company has contracts with, including Non-Disclosure/ Confidentiality Agreements with (potential) customers or employees/independent contractors. When …
Confidentiality Agreements for Your Farm or Agri-Business
I recently wrote an article on confidentiality agreements for the agriculture community. It can be found on my JD Supra page here. I understand that Non-Disclosure Agreements (“NDA’s”) lack the “excitement factor” but a misappropriate of confidential information can have deleterious effects on a farm or agri-business. I encourage my readers to gain a cursory understanding in confidentiality agreements and …