5
PLAYBOOK TEMPLATES
Mutual Confidentiality (Non-Disclosure Agreement)
A Mutual NDA establishes reciprocal obligations to protect proprietary and confidential information. This playbook addresses definition scope, duration, and permitted disclosure exceptions.
Termination Rights
Negotiation strategy
Ensure termination rights are mutual and include reasonable notice periods. Negotiate for a clear definition of material adverse change to avoid disputes.
Advocate for a balanced termination clause that protects your interests. Ensure any break-up fees are fair and clearly defined.
Essential elements
1
Termination Events
Conditions allowing agreement exit.
2
Notice Periods
Timeframe for termination notice.
3
Break-Up Fees
Fees applicable upon termination.
Action framework
ACCEPT
Propose edits if termination conditions are one-sided or unclear.
EDIT
Reject if termination rights are absent or overly restrictive.
ADD
Add language for mutual termination events and clear notice periods.
PRO TIP
Always define 'material adverse change' to prevent ambiguity in termination conditions.
Real-world examples
FAVORABLE
Balanced Termination Clause
"Either party may terminate this Agreement upon 30 days' written notice in the event of a material breach or mutual agreement."
NEUTRAL
Standard Termination Provision
"Termination may occur with mutual consent or upon breach with notice."
UNFAVORABLE
One-Sided Termination Rights
"Only the Seller may terminate the Agreement at any time without cause."
Alternative scenarios & positions
High-Risk Projects
In high-risk projects, ensure termination rights are robust to allow exit if risks materialize.
Long-Term Contracts
For long-term contracts, include periodic review clauses to reassess termination conditions.
Joint Ventures
In joint ventures, ensure termination rights consider the impact on shared assets and responsibilities.
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WEEK 1
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WEEK 2
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WEEK 3
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WEEK 4
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