FrienDA

A FrienDA is a agreement between friends to respect the sharing of ideas.

References

http://randsinrepose.com/archives/friendda/
- QUOTE: The Two-Way NDA says, “Anything either of us says is private”. The more scary One-Way states, “We can use anything you say, but you can’t use anything we say”. ...
  ... The FriendDA is a non-binding, warm blanket agreement that offers absolutely no legal protection. I’d suggest if the idea of legal protection is even crossing your mind that the FriendDA is totally inappropriate for your current needs.
  Take a look http://www.friendda.org/

http://www.mikesmith.me/201442the-importance-of-the-frienda/
- QUOTE: I see two outcomes of most NDA requests:
  - 1) You lose partners: NDAs are often broadly written and preclude the signor from working in an adjacent area. Let’s use my favorite fake startup: Facebook for cats. I am wild about my facebook for cats idea and I want to get it built. I head to a development shop and ask them to sign an NDA. The problem is by signing this NDA the firm is probably barred from working on anything related to facebook or cats even if they are not competitive. So by signing my NDA (before I have even paid a dollar) the development firm is leaving money on the table. The same is true of investors. At any one point an investor can be looking at a variety of opportunities. Signing an NDA could put these investment opportunities in jeopardy.
  - 2) You look stupid: By asking for a non-disclosure agreement you are in no uncertain terms saying “I don’t trust you with my idea so much so that I need to able to sue you”. This is just a horrible way to start a relationship with a partner, investor or even a friend.