What is the importance of having a non-disclosure agreement signed prior to entering the bidding process?
Either the OEM or organization may attempt to utilize information that is critical to the success of either company to its’ own benefit at the expense of the other company’s competitive advantage. A non-disclosure/confidentiality agreement requires each company to not utilize any such information. If such information is used anyway, the agreement should allow for the termination of the contract and allow for the pursuit of punitive damages.
