Allow a potential investor to use residual information
Add at the end of Section 3: [COMPANY] (“Company”) acknowledges that [INVESTOR]’s (“Investor”) review of Company Confidential Information may enhance Investor’s knowledge and understanding of Company’s industry in a way that cannot be separated from Investor’s general knowledge. Company agrees that this NDA will not restrict Investor’s use of Residuals for the purchase, sale, consideration of, or decisions on investing in or serving on the board of other companies in the same industry, so long as Investor complies with its other obligations under this NDA. “Residuals” means information in non‑tangible form that is unintentionally remembered by an individual in their unaided memory and without reference to the Confidential Information.
Written to work with the Common Paper standard Mutual NDA.