New ask Hacker News story: Ask HN: Standard NDA conditions during deeptech due diligence?
Ask HN: Standard NDA conditions during deeptech due diligence?
4 by throwaway423d | 0 comments on Hacker News.
I have co-founded a deep tech startup in the biotechnology sector. After a meeting with some of their partners, a French fund has expressed interest in investing. They have appointed a domain expert and are asking us to sign a non-disclosure agreement (NDA). We're wondering about standard terms for such agreements. What are the standard penalty fees and conditions? My co-founder is rightfully concerned that the NDA terms we've been sent are too lenient in case of information leaks. We work in a competitive drug development space, and any information leaks to a large pharmaceutical company could cause significant harm to our business. We are far from idea stage. The expert appointed by the fund is currently an academic, but with some clear connections to the pharmaceutical industry.
4 by throwaway423d | 0 comments on Hacker News.
I have co-founded a deep tech startup in the biotechnology sector. After a meeting with some of their partners, a French fund has expressed interest in investing. They have appointed a domain expert and are asking us to sign a non-disclosure agreement (NDA). We're wondering about standard terms for such agreements. What are the standard penalty fees and conditions? My co-founder is rightfully concerned that the NDA terms we've been sent are too lenient in case of information leaks. We work in a competitive drug development space, and any information leaks to a large pharmaceutical company could cause significant harm to our business. We are far from idea stage. The expert appointed by the fund is currently an academic, but with some clear connections to the pharmaceutical industry.
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