In business today, there is more value in ideas and intellectual property than ever before. You’ve created something new or you’re looking to enter into a business venture with a new partner and you’re worried about them stealing your ideas before you sign on the dotted line.
There is a built in conundrum with intellectual property in that you can’t grow an idea until you’ve shared it, but as soon as you share it, it’s under risk. So what now?
In either of these scenarios, what you need is a Non-Disclosure Agreement, known colloquially in the industry as an “NDA”. An NDA is a great way to protect intellectual property or ideas in that you get the person you’re sharing the ideas with to agree not to steal your work. And if they do, there is an actionable consequence ready to roll.
We will provide you with the following:
- A telephone or personal meeting where we run you through a discussion on your NDA to work out the terms of the arrangement.
- We draft the NDA, tailored to suit your needs.
- You review the agreement and send your comments back to us for feedback.
- We finalize the draft ready for signature.