Starting a new business can be daunting, especially if you’re in the tech space. Where do you start? What business structure is right for you? How do you protect your ideas? Where do you start looking for investors? All of these questions need answering, and you need a plan.
But first things first, you need to protect your idea. When speaking to potential business partners, investors, developers or manufacturers, you need to make sure that what you are talking about isn’t going to go any further than that conversation.
If you’ve got a great idea that may be patentable, all discussions you have need to be protected by confidentiality agreements. These agreements are often called “Non-Disclosure Agreements” and put an obligation of confidentiality on the party receiving that information, not to disclose it.
Working on a collaboration? Then a mutual Non-Disclosure Agreement is more suitable for you. By signing this first before undertaking discussions, you can rest assured that your information, your ideas are safe.
Using a standard off-the-shelf template may do the job, but do you REALLY know if its actually going to do what you need it to do? Do you REALLY want to risk someone stealing your idea because you thought the contract was “good enough”? Don’t take the risk. Get it done properly by contract lawyers that have been doing this a long time and get the peace of mind that you deserve.
For more information on NDA’s and other protections you may need for your business, including protection of intellectual property, patents and/or trademarks, give us a call today for your free 15-minute consultation, or simply get in touch through the Contact Us enquiry form. Easy!