Mutual Non-Disclosure Agreement
§5 Standstill period
This agreement: Six months
Market: Twelve months is the point norm, at 66% of reviewed standstills. Five percent run six months.
Bottom decile — bidderSource linked
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Mutual NDA · selected commercial terms
- §5Standstill periodNeeds review
Six months
- §9TermNeeds review
One year; 30 days’ notice
- §5Employee non-solicit absentNeeds review
None
At market:Survival §9 · Representative liability §3 · Governing law; remedies §§12–13
Exhibit A
Standstill duration: a 12-month point norm
3–6 months7.5% · This agreement (6 months)
9 months
12 months66.4%
18–24 months
36 months or more
0%35%70%
Percentiles: p10 = 9 mo · p50 = 12 mo · p90 = 24 mo. Periods outside these groups (1.7%) not shown.
Table view
| Standstill period | Share of peers |
|---|---|
| 3–6 months — this agreement (6 months) | 7.5% |
| 9 months | 4.2% |
| 12 months | 66.4% |
| 18–24 months | 15.1% |
| 36 months or more | 5.1% |
Why it matters
The bidder regains full freedom in half the 12-month norm.
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