Here is another reason to have your attorney read your NDAs. I have seen companies try to throw ownership assignment provisions in their NDA. This is not the standard provision that says the disclosing party owns what they disclose, but a full blown assignment of new materials created. This is a problem if you are a consulting organization and are in the sales dance with a potential customer. These NDAs provide assignment of those initial items you create without a written contractual obligation for you to get paid.

That does not put the consulting organization in a very good negotiating position down the road.

So make sure you read these NDAs, even if the other party tells you, “It is standard, everyone signs it,” especially if that is their response.