The following paragraph stood out as unusual for an NDA that a friend was asked to sign:
“Terms and Termination. This Agreement shall terminate two (2) year(s) after the Effective Date. The Recipient's obligations under this Agreement shall survive termination of the Agreement between the parties and shall be binding upon the Recipient's heirs, successors and assigns indefinitely”
Is this “typical” language for a NDA contract, or does this go further then most “standard” NDA contracts? Or have you seen “similar” language in NDAs previously? I’m not asking about legality; or whether this would be binding if taken to trial, fyi.
Thank you for any input you can provide specific to the paragraph above in quotations.