Recently started to work on project with a client and almost half of the work is done. He mentioned before that I will have to sign an mutual NDA to protect both of us in terms of work and ideas that are discussed, but now he is asking to sign a one-way NDA with a $10 million penalty for a small $100 job as part of what we discussed.
LLC stands for Limited Liability Company, a type of business structure that
Just walk away. You’re a professional and you don’t have to put up with this kind of insanity.
Run.
Eff heem. If you’re in the US decline to sign it and threaten to sue him in small claims if he doesn’t pay you.
You can’t change the terms halfway. Unless of course both parties agree to it.
Just strike out the 10 million dollar fine from the NDA (and everything else that is unreasonable) and then sign it (or, create/download your own mutual NDA).
But anyway, for a $100 job an NDA?? What did I just read..
NDAs are reasonable if the company is in stealth even though it’s just a coffee conversation. What is not reasonable is to have someone do work for you and then making signing an onerous contract halfway as a requirement to get paid.
It only opens the door to lawsuits.
don’t sign and go away
3unformed
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