evaluation agreement
- 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
- To protect his unique business strategy, John required an evaluation agreement before sharing his proposition.
- The startup entered into an evaluation agreement with the investor prior to disclosing their unique product design.
- Without an evaluation agreement, Sarah was hesitant to reveal her innovative marketing plan.
Provide Feedback