Dear All,
We have received a Mutual Confidentiality Disclosure Agreement from an international client, but we couldn't find the scope of work in the agreement. The agreement is for a nearly 5-year tenure. We are quite afraid to sign this agreement without knowing the scope of work. We have already spoken to the client regarding the scope of work, but he is not ready to disclose it; he wants us to sign the CDA first. They have informed us that after signing the CDA, they will provide us with the scope of work.
Please review the attachment and provide your feedback on the following:
1. Is there any problem with this CDA?
2. How can we obtain the scope of work from the client?
3. Should we sign the CDA without knowing the scope of work?
Your valuable inputs on this matter are highly appreciated.
Regards,
Nazeer.S
From India, Madras
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4We have received a Mutual Confidentiality Disclosure Agreement from an international client, but we couldn't find the scope of work in the agreement. The agreement is for a nearly 5-year tenure. We are quite afraid to sign this agreement without knowing the scope of work. We have already spoken to the client regarding the scope of work, but he is not ready to disclose it; he wants us to sign the CDA first. They have informed us that after signing the CDA, they will provide us with the scope of work.
Please review the attachment and provide your feedback on the following:
1. Is there any problem with this CDA?
2. How can we obtain the scope of work from the client?
3. Should we sign the CDA without knowing the scope of work?
Your valuable inputs on this matter are highly appreciated.
Regards,
Nazeer.S
From India, Madras
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Dear friend,
CDA is basically the starting point for any giant and jumbo MNC and is more of a precautionary measure before sharing any info with you. The MNC is just protecting their interests by this CDA, and they are allowed by law to sign an agreement like this.
It is up to you whether you want to sign such an agreement or not. If you want to work with them, then you will have to sign the agreement. A word of caution: the place for arbitration in the attached agreement is the USA. Get it changed to India, as arbitration in the USA for any dispute will be very costly.
Hope this relieves you and helps you. If you still have any further issues, please ask freely.
Regards,
Namitabh
9930992661
:) :) :) :)
From India, Pune
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CDA is basically the starting point for any giant and jumbo MNC and is more of a precautionary measure before sharing any info with you. The MNC is just protecting their interests by this CDA, and they are allowed by law to sign an agreement like this.
It is up to you whether you want to sign such an agreement or not. If you want to work with them, then you will have to sign the agreement. A word of caution: the place for arbitration in the attached agreement is the USA. Get it changed to India, as arbitration in the USA for any dispute will be very costly.
Hope this relieves you and helps you. If you still have any further issues, please ask freely.
Regards,
Namitabh
9930992661
:) :) :) :)
From India, Pune
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CONFIDENTIALITY AGREEMENT.doc