evaluation agreement

Definition of "evaluation agreement"
  1. A contract where one party offers an idea for assessment and the other party pledges to scrutinize it; this subsequently leads to an exploitation agreement or an assurance of non-disclosure or non-use of the idea
How to use "evaluation agreement" in a sentence
  1. To protect his unique business strategy, John required an evaluation agreement before sharing his proposition.
  2. The startup entered into an evaluation agreement with the investor prior to disclosing their unique product design.
  3. Without an evaluation agreement, Sarah was hesitant to reveal her innovative marketing plan.

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