Quote:
Originally Posted by Bagger Vance
One sided legal opinion but lawyers are generally paid to advise on protecting the interests of the instructing party so no surprise. You cannot fairly expect the other party not to have reciprocity. Yes the club may disclose information of a sensitive nature but its most certain when you ask for proof of funds that the other party will as well.
At the moment the way its structured any of the board or the board in its entirety may disclose the financial details of an interested party without penalty, that's just not right. NDA's must be fair and reciprocal. Otherwise rightly they may be deemed as a gate keeping procedure ensuring no right minded entity whether individual or corporate would sign it so therefore not proceed.
|
How are the board able to present a proposal to the membership without disclosing the terms of a potential agreement if the club is bound by an NDA.
Without that information, the membership themselves would rightly turn down the proposal, unless there is absolute trust in the board.