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Posted by Aidan, 23
Whilst many investors and a lot of larger businesses don't believe in non-disclosure agreements (NDAs), they do crop up frequently with web start-ups. In September last year, the Bootlaw chaps held an evening event to talk through some of the surrounding issues. Notes from the night can be found on the meetup.com site. The notes are well worth a read.
A solid NDA serves to protect your intellectual property rights (IPR). With or without one, however, if you tell other businesses or individuals about your IPR you won't be able to remove that information from their heads. Better, perhaps, to avoid situations requiring an NDA.
Here at Reincubate we are not lawyers and don't purport to be. This is our opinion, with no warranty.
When offered or about to offer an NDA, we have some thoughts on best practice:
If you've made it this far and still need a template for a mutual non-disclosure agreement, you could take and adapt ours, though we accept no responsibility. This one works nicely in OpenOffice and Word.
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Comments
I advise our clients to sign an NDA with us even if they trust us, because their future investors may wish to see some assurance that the IP they are buying into has at least basic legal protections in place. Paul
Hello! Very Interesting post! Thank you for such interesting resource! PS: Sorry for my bad english, I'v just started to learn this language ;) See you! Your, Raiul Baztepo