Walmart, the department store mega-superstar, might not be so mega after all. At least not at every retail location. Apparently Walmart is considering numerous smaller retail locations, particularly in urban areas where the traditional mammoth-sized retail locations may not make sense, or may not be possible. The smaller, urban Walmart is most likely coming to the downtown streets of New York City, Chicago, and Los Angeles. Some locations may be as small as a measly 5,000 square feet.
The plans for this unique expansion are under wraps for now and protected by non-disclosure agreements. However, the information that is available is largely speculation based on real estate executives spilling the beans. Rumors have been circulating for a few weeks, but an official announcement from the grandiose retailer is expected tomorrow.
Sample Test Question: Task 2-A-3
The following are all contractual concerns that should be considered when drafting a non-disclosure agreement EXCEPT:
A) Protecting publicly available, non-proprietary information
B) Define how proprietary information may be used
C) Prevent disclosure of confidential information to unauthorized third parties
D) Use reasonable care to protect confidential information
2 comments:
There's no need to protect publicly available, non-proprietary information. Therefore, the answer is option A) while drafting NDAs.
Satyam,
Absolutely, you are correct. There is no need to protect publicly available, non-proprietary information.
Non-disclosure agreements instead should focus on 1) using reasonable care to protect non-public, proprietary information, 2) how such information may be use, and 3) preventing its disclosure to unauthorized parties.
Debbie
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