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Old 6th June 2019, 09.40:45   #41-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Hightown Brymbo Red View Post
If Moss was the seller and the trust the buyer would the members think that £50k was a reasonable figure?..
Irrelevant. However if that scenario had ever come about, the members would have been asked.
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Old 6th June 2019, 09.41:58   #42-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Phils-an-alki View Post
It should also work both ways, especially seeing as the two boards (WST and Club) can't even sort their own house out in respect of leaking information etc. And they can't even come clean about that. The hypocrisy is truly staggering.
It's not at all. Unilateral or ‘one-way’ NDAs are quite standard. I deal with them all the time.

Bilateral NDAs require negotiation and agreement between the two parties before coming into force. Not really possible in the type of situation we are talking about, and it would potentially cost our club a lot of money. What would we gain from that?

Bryn Law's proposal is unworkable and will encourage chancers to try their luck. The whole point of the NDA is that it offers protection to us. A serious bidder for the club will never need to worry about it because they will never break the NDA.
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Old 6th June 2019, 09.43:50   #43-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Hamilton Pathetic View Post
I'm no legal expert and cannot understand why the lack of NDA reciprocity presents a deterrent to possible investment. Surely any potential investor has the opportunity to include their own NDA clause in the presentation of their funding/ investment proposals which can be waived at the time the proposal goes to the membership in accordance with the Gate Approval Process. Therefore why the need or desire for reciprocity on the part of the WST?
Because its fair and reasonable.

My personal opinion on NDA's is damage figures don't need to be included from the outset, damage is relevant to the breach so should be on consideration of the impacts of the breach. If a party is serious then they would have no issues disclosing proof of funds and background to funds but would want NDA protection so that every Tom, Dick and Harry doesn't get to find out. One sided NDA's just aren't acceptable in any serious discussions. It shows a lack of regard and respect to anyone who may have serious intent.

I would even go as far as to say anyone who signed a one sided NDA is absolutely the wrong party to talk to so its actually a counter productive exercise.

Serious parties will want reciprocity, so if you want serious parties to engage and not chancers and idiots then make it mutual.
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Old 6th June 2019, 09.44:13   #44-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Todd Sweeney View Post
It's not at all. Unilateral or ‘one-way’ NDAs are quite standard. I deal with them all the time.

Bilateral NDAs require negotiation and agreement between the two parties before coming into force. Not really possible in the type of situation we are talking about, and it would potentially cost our club a lot of money. What would we gain from that?

Bryn Law's proposal is unworkable and will encourage chancers to try their luck. The whole point of the NDA is that it offers protection to us. A serious bidder for the club will never need to worry about it because they will never break the NDA.
It is because the boards can't even sort their own house out. Even you can't deny that.
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Old 6th June 2019, 09.44:30   #45-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Phils-an-alki View Post
It should also work both ways, especially seeing as the two boards (WST and Club) can't even sort their own house out in respect of leaking information etc. And they can't even come clean about that. The hypocrisy is truly staggering.
Maybe any potential investor will want a reciprocal agreement but that hasn't got anything to do with the proposal put forward.
It's about severely reducing the penalty for breaking the NDA. Maybe 50k is too high but 2k is pocket change for getting all our sensitive information.
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Old 6th June 2019, 09.46:14   #46-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

Quote:
Originally Posted by Todd Sweeney View Post
It's not at all. Unilateral or ‘one-way’ NDAs are quite standard. I deal with them all the time.

Bilateral NDAs require negotiation and agreement between the two parties before coming into force. Not really possible in the type of situation we are talking about, and it would potentially cost our club a lot of money. What would we gain from that?

Bryn Law's proposal is unworkable and will encourage chancers to try their luck. The whole point of the NDA is that it offers protection to us. A serious bidder for the club will never need to worry about it because they will never break the NDA.
Of the last 50 or so NDA's I've signed not one is one sided, every single business we engage in negotiations with expect mutual protections. And very rarely do they need to be negotiated, most I get and certainly the one I send out are fair and reasonable from the outset. Only unfair and punitively one sided NDA's ever cause issues.
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Old 6th June 2019, 09.53:10   #47-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Quay Red View Post
Irrelevant. However if that scenario had ever come about, the members would have been asked.
Irrelevant?..and are you sure members would be asked?
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Old 6th June 2019, 09.56:39   #48-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Bagger Vance View Post
Of the last 50 or so NDA's I've signed not one is one sided, every single business we engage in negotiations with expect mutual protections. And very rarely do they need to be negotiated, most I get and certainly the one I send out are fair and reasonable from the outset. Only unfair and punitively one sided NDA's ever cause issues.
I work for a large international company. In my job I manage the bid and tender process (we are the bidder). My team is involved in around 6,000 of these a year. Most don't have an NDA attached, but of the ones that do (maybe 5%), all are one way, in favour of the company tendering for services. If we don't agree to their NDA, we are prohibited from bidding.
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Old 6th June 2019, 10.03:26   #49-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

There’s still enough nodding dogs around to prevent this vote getting through.
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Old 6th June 2019, 10.15:55   #50-0 (permalink)
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Originally Posted by bartonbank View Post
Why shouldn't we look back to what happened? You learn from history.

True But as to learn from history did we learn the mistakes from Hamilton to follow up with Moss?

Off subject I know have we learnt from history when we commemorate the D Day landings with the far right on the rise.
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