Why everyone is demanding an NDA
Think from KERA
KERA
4.7 • 911 Ratings
🗓️ 26 July 2024
⏱️ 46 minutes
🧾️ Download transcript
Summary
Non-disclosure agreements were once primarily used for guarding corporate secrets. These days, though, you might have to sign an NDA for a first date. New York Magazine features writer Reeves Wiedeman joins host Krys Boyd to discuss the bold new world of NDAs – from professional settings to personal affairs – and why they are suddenly showing up everywhere. His article is “Hush Hush Affair.
Transcript
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| 0:00.0 | Let's say you need to get something off your chest, but you wouldn't want the whole world to know about it. |
| 0:15.0 | Perhaps you have a dear friend you can trust. |
| 0:17.5 | Or maybe you would feel better if you had a non-disclosure agreement in place first. |
| 0:23.4 | From KERA in Dallas, this is think. I'm Chris Boyd. I realize that sounds extreme, but legal agreements |
| 0:30.4 | that guarantee a reward for keeping something secret and a penalty for spilling the beans |
| 0:35.2 | have become surprisingly common in the U.S. |
| 0:38.0 | Used by companies with trade secrets to protect, but also by divorcing couples, employers with staff at all levels, |
| 0:44.5 | and pretty much everybody with any power in Hollywood. |
| 0:47.4 | In fact, my guest calls the non-disclosure agreement the defining legal document of our time. |
| 0:53.6 | Reeves Whiteman is a features writer at New York |
| 0:55.9 | magazine, which published his article Hush Hush Affair. Rebes, welcome to think. |
| 1:01.0 | Thanks so much for having me. Just to make sure we're all on the same page here, we should talk |
| 1:05.0 | about what a non-disclosure agreement means. Like I didn't realize that by definition, someone asked to sign one |
| 1:13.3 | always receive something in return for the promise not to talk about certain things? |
| 1:18.6 | Yeah, essentially an NDA, non-disclosure agreement, is a contract like anything else. |
| 1:24.1 | And in order for a contract to be enforceable in the courts, |
| 1:29.1 | someone has to get something in return. And so one of the just basic foundational things |
| 1:35.6 | about an NDA is if you want someone to be quiet, you have to give them something in return. |
| 1:41.9 | And we're now seeing that what people are getting in return can be a wide range of different things. |
| 1:49.8 | Do the agreements always threaten punishment if the deal is broken by the person who promised to keep silent? |
| 1:57.2 | Pretty much. I mean, that's, you know, that's the point of the agreement. |
| 2:00.7 | You want someone to stick by it. And so's you know that's the point of the agreement you want you want |
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