Non Disclosure Agreement (NDA)
Keep things confidential with a non-disclosure agreement.
Confidentiality is key. Whether you’re sparking up a new relationship or divulging details with an existing partner, an NDA can be an invaluable tool to keep your trade secrets, secret. While you’d like to take someone at their word, the reality is that when it comes to crucial company secrets, you need legal protection.
A non-disclosure agreement is a legally binding agreement that discourages unwanted disclosures, in addition to protecting your business in the event of a fallout. Handy.
When a non disclosure agreement is needed
Forming new relationships
When forging new relationships, you’ll invariably need to divulge details of your business. However, some of those details - while crucial to sealing the deal - will also be highly sensitive. An NDA allows you to protect your best interest while fielding a free flow of information.
Protecting intellectual property
Intellectual property is a particularly valuable asset for businesses, and, leveraged correctly, can be a source of ongoing revenue. However, if handled incorrectly, you can lose the right to protect it. For certain disclosures of information, you’ll need to put an NDA in place before conversations kick-off. If not, you may just lose intellectual property rights that would have been rightfully yours.
When an investor has a portfolio of companies similar to yours, you may request them to sign an NDA before starting the due diligence process.
How to get started
Who this can affect
Don't take our word for it
The overall nature of the deal was complex, time consuming and needing a lot of negotiation but it was refreshing to work with lawyers who seemed to have a new world feel about them that I think must be rare in the legal world. I look forward to working together again as Cauldron grows over the years to come.
The Basics of NDAs
The What, Why, and How of NDAs
How to Choose the Right Legal Partner
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