2002 NDA
posted on
Jun 26, 2007 01:50PM
I had my brother who is a partner at one of the largest corporate law firms in the world look over the 2002 NDA and the first thing he said was that edig was stupid for signing such an agreement. Some lawyers make a living of boot strapping corporations by these agreements. On a positive note he did say the contract would be void if Boyer entered into the agreement under false pretenses ie no patent pending IP. He also said that most ligitimate NDA documents have what is called a "Blue pencil provision". This defines the scope of the contract to a judge in case of litigation. Lawyer long would know better about this than me. He also said that 7 years was way too long for a non compete contract and the judge would take this into concideration. He also commented on the fact that NDAs are different for every state and aren't ironclad and are subject to a lot of interpretation. So ultimately it will obviously come down to the judge's decision.