Current Partnering’s comprehensive listing of terms used in business development.
When I use a word,’ Humpty Dumpty said in a rather scornful tone. ‘it means just what I choose it to mean – neither more nor less.’ Lewis Carroll, Through the Looking Glass
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9
Means by which facts will be notified to the other party(s). A general agreement term.
A term to ensure both parties agree that the clauses and provisions within the agreement are agreed between the parties and that both parties have been involved in the drafting of the agreement.
A non-disclosure agreement (NDA or confidential disclosure agreement, CDA) is an agreement between two or more parties to ensure non-disclosure of confidential information exchanged between the parties. An NDA may be one-way or two-way agreement. An NDA should include the following: what information is to be protected how the information may be used and by [...]
Clause in contract to ensure the parties will not directly compete. The terms of such clauses need to be reasonably limited in scope and duration, so as to not fall foul of competition legislation. A non-compete clause may include but not be limited to employee solicitation, disclosure of trade secrets, marketing and selling of product.
Gross product sales minus agreed deductions. Specified deductions may include sales returns, credits, taxes, cost of goods, marketing costs etc. Net sales is a key term in ensuring that the correct revenues are paid to the licensor. Deductable items should be capable of objective determination so as to reduce problems that may aise is deductable [...]
