How To Use
Trade secret agreements are best served by being one-time payments.
This review list is provided to inform you about this document in question and assist you in its preparation.
This format provides for royalties. To enact the one time payment, remove the royalty payment and include a one-time payment clause.The reason for this is that trade secrets inevitably “get out” and the burden of royalty payments usually leads to litigation. A one-time payment puts the matter in the past, out of the realm of litigation, as a rule.
- Make multiple copies. Give one to each party. Keep a copy in the relevant project file.