Reviewing non-disclosure agreements (NDAs) can be a difficult task, and can pose risks for the unwary. However, such reviews are necessary to protect the parties’ rights and interests. Part of the difficulty stems from the fact that a well-crafted NDA should be tailored to reflect the specific circumstances it is designed to cover whether it is a unilateral (“one-way”) or mutual (“two-way”) NDA. While one can find an array of NDA templates online, there are many variations, each with important distinctions. As a result, a one-size-fits-all NDA is unlikely to meet anyone’s needs so oftentimes NDA outsourcing is used for organizational support. Subtle nuances in wording can also lead to vastly different interpretations and outcomes. This, in turn, can impact the result, should there ever be a need to enforce the agreement.
Another factor impacting the NDA review process is timeliness. NDAs are often time-sensitive. If the agreement is not entered into relatively quickly, the parties cannot share information with one another confidently. This impedes the parties’ ability to accomplish their shared goals. Therefore, spending an unreasonable amount of time on the legal review process is simply not an option. However, neither is conducting incomplete NDA reviews.
For organizations that deal with a significant volume of NDAs, such as venture capital and private equity firms, time is money. Such organizations generally recognize the value afforded by NDAs. However, they cannot wait for weeks while their legal department or business analysts examine each NDA provision in detail, only to raise substantive objections or propose changes to the documents – changes that are likely to require reviews by additional attorneys before the agreements are finalized.
NDA outsourcing gives organizations comfort knowing skilled and experienced reviewers are looking out for their clients’ interests. Outsourcing NDA review and negotiation to an organization that regularly provides such services to clients can save time and money, while decreasing the risk that potential issues will be missed during the process. By outsourcing what can be a time-consuming process for internal staff, organizations also free employees to work on other pressing matters, improving turnaround times and profitability.
Baer Reed provides NDA outsourcing that allows organizations to move forward efficiently with their best interests secured. To learn more, contact us today.
Mr. Reyes graduated with honors from the Ateneo de Manila University, where he received the Procter and Gamble Student Excellence Award. He obtained his Juris Doctor degree from the Ateneo de Manila School of Law. During law school, Mr. Reyes was part of the Philippine delegation to the Willem C. Vis International Commercial Arbitration Moot held in Vienna, Austria. He was also a member of the Ateneo Society of International Law and the St. Thomas More Debate Society. He completed his internship at the Public Attorney’s Office. He wrote a thesis entitled: “To Kill A White Elephant: An Analysis of the Fiduciary Exception to the Corporate Attorney-Client Privilege”. Mr. Reyes is admitted to practice law in the Philippines and the State of New York.
Ms. Lardizabal-Manzano is a graduate of San Sebastian College-Recoletos, where she earned her B.A. in Political Science. In 2003, she received her law degree from Lyceum of the Philippines and was admitted to practice law in 2004.
Matthew Hersh earned a B.A. in Political Science from Columbia University in 1990 and graduated cum laude from Georgetown University Law Center in 1999. He also holds a master’s degree in international relations from the Georgetown University School of Foreign Service.
Cap. Avi Levak (Res. IDF) graduated from from Israel’s prestigious Ben-Gurion University of the Negev with a Bachelor of Science in Computer Science and Mathematics. He is also a Leadership and Communication coach trained in TuT coaching by Alon gal in Israel. Avi specializes in high-level, in-depth analysis of business and client needs, within systems and software strategy and architecture.
Ms. Tyler graduated cum laude from Georgetown University and received her law degree, cum laude, from Georgetown University Law Center. During law school, she interned at the United Nations Economic Commission for Europe. She also worked on The Tax Lawyer journal and was a member of the award-winning Barristers’ Council Mock Trial Team. Ms. Tyler is admitted to practice law in the State of California and the District of Columbia.
Ms. Cruz-Anonuevo graduated cum laude and top nine in her batch from Miriam College with a degree of Bachelor of Arts in InternationalStudies. She obtained her Juris Doctor degree from Ateneo de Manila University School of Law in Rockwell. During law school, she interned in Rivera, Santos, Maranan & Associates. She was also part of Ateneo’s Labor Law Bar Operations. She wrote her thesis on, “Stealing Privacy: Limitations on Media’s Photographic Invasion.,” Ms. Cruz-Anonuevo is admitted to practice law in the Philippines.
Ms. Aquino-Batallones obtained a Bachelor of Arts degree in Development Studies (with Minors in Global Politics and Hispanic Studies) from the Ateneo de Manila University. In 2011, she received her Juris Doctor degree from Ateneo de Manila University School of Law. During law school, she interned at Romulo Mabanta Buenaventura Sayoc & de los Angeles then became an intern of Ateneo Legal Services Center’s Clinical Legal Education Program.
Mr. De Guzman graduated from San Beda College with a degree of Bachelor of Arts Major in Economics and received his law degree from San Beda College of Law. He is multilingual and is fluent in three languages: Chinese, Filipino, and English. He was admitted to the Philippine Bar in 2003.