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MMT Chats: The 12 Sins of Non-Disclosure Agreements

Today’s MMT Chats guest is Mark Gauvain, a manufacturing and tooling business development executive (and one of MMT’s Editorial Advisory Board members) with some insight to share on a topic I’ve been asked about recently … NDAs. This episode is brought to you by ISCAR with New Ideas for Machining Intelligently.
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This episode is brought to you by ISCAR with New Ideas for Machining Intelligently.

A few readers have reached out to me recently seeking guidance and insight on non-disclosure agreements and manufacturing service agreements as legal contracts.

Current MMT EAB member and manufacturing and tooling business development executive Mark Gauvain first defines an NDA and then provide a foundation for the small to mid-size mold builder who is challenged with understanding the legitimacy of an NDA when it comes to protecting themselves … maybe even without having to hire a legal team.

Mark runs through these 12 deadly sins of nondisclosure agreements:

  1. Epidemic Failure and/or Recall
  2. Indemnification for third party claims by the customer
  3. Indemnification for third party claims by the manufacturer
  4. Late delivery penalties
  5. Termination/Transition Assistance
  6. Materials Cancellation, Reschedule, Excess & Obsolete Inventory
  7. Warranty Remedy, Warranty Period & Disclaimer
  8. Component Liability
  9. Exclusivity or Non-Compete
  10. Intellectual Property
  11. Guaranteed Cost Reductions
  12. Liability Cap

Watch the full video chat above, and for more MMT Chats, visit our archive of on-demand video interviews here.

This episode is brought to you by ISCAR with New Ideas for Machining Intelligently.

 

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