this post was submitted on 18 Jun 2023
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Only my personal opinion. Seems very odd that they would sign an NDA. The deal is that when two companies meet it is more common that both companies will say that they do not want to exchange confidential information. There might be exceptions to that... but generally one should always say NO. Then only consider if there is a very good reason.
Other thing I would say is that NDAs have a scope. So you cannot really evaluate the NDA unless you read the document and know the scope. Could have been very limited scope.
"Then only consider if there is a very good reason."
Like money?
No, that would not be a good reason for me. Generally I would want to discuss everything you could without an NDA. Keep in mind most of the time receiving confidential information is more of a concern then disclosing it. If I then determined I need an NDA, then maybe it is better to have a JDA (Joint Development Agreement) that specifies how jointly developed IP is going to be handled. I am speaking very generally.
In this context maybe the concern would have been business plans not patentable IP for example so maybe they wanted an NDA solely restricted to the business plans of the company and maybe it could be worded very narrowly. Not sure how I would react to that. It would have to be very tightly worded and passed in front of my attorney.
I agree, only crackpots who are afraid of having their unoriginal ideas stolen ask for an NDA for a meeting.
The only thing I can think of is that META is afraid of people finding out how desperately they are trying to stay relevant.
The other reason as someone else pointed out that might be going on at the meeting is a $ amount for a contract of some sort. Companies often want to such business agreements confidential, especially the $ amounts.