If you’re talking with potential investors or partners, new employees, or independent contractors you might be a little leery to talk about your confidential business plan or any trade secrets. The Confidentiality or Nondisclosure (NDA) Agreement can help protect your proprietary information, answering questions like:
For how long am I not allowed to disclose any of the information I learn from our meeting?
What are you considering as confidential information? What is not considered confidential information?
Does signing the NDA mean that I’m agreeing to do business with you?
If your business has its own “secret sauce” (trade secrets or a proprietary process) you want to make sure doesn’t get into the wrong hands, having a signed Confidentiality or Nondisclosure (NDA) Agreement can help put your mind at ease.
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