It has been suggested to us that the NDAs that lenders are asked by borrowers to sign can sometimes be problematic (in terms of information requirements, non-contact provisions and exclusivity conditions which are not always appropriate to the circumstances). The fact that (whisper it) we don't always carefully read the detail of these agreements to make sure we can definitely comply with their terms does not help.
Please drop Peter a line if this is a concern you share. If there is interest, we would like to organise a conversation with members to explore possible solutions (likely to involve encouragement towards greater use of existing industry standards such as LMA or IPF documents).
