Open Innovation
The future without NDA?
The term "open innovation" or "open innovation" refers to the idea that it is better for the innovation process, i.e. the development of expertise, ideas, etc., to exchange ideas with other companies openly and without restrictions. This is in contrast to "closed innovation", which essentially consists of purely in-house research and development. Open innovation is often equated with a waiver of non-disclosure agreements ("NDA") and cooperation agreements. However, there are also nuances to open innovation, which are examined in more detail below.