Sunday, December 16, 2012 12:32:23 PM
There were different "types".
When prototyping for BAE Systems we signed an NDA and after the product was done we received a disclosure clearance from the company. I thought it was odd but they send them to their vendors at the close of a project.
I have signed an NDA that said if I quit working for a company that had a unique process for embedding objects in acrylic. That I would not work in the field of casting acrylic for 7 years following the termination of my employment.
And I have signed open ended NDAs that 20 years later I still can not talk about.
It really depends on the purpose.
I would guess that the NDAs in question are good for a year or more after the negotiations stop. Reason being they don't want 3M telling DuPont that we only asked $*** for the silk.
They actually could be (and should be)open ended after failure of talks so we will only hear when there is successful deal.
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