If you've got a great idea or information that is precious to you and your business, disclosing this information to third parties can be risky. A Confidentiality or Non-Disclosure Agreement (NDA) allows you to have discussions with other people about your business, whether you're in the start up phase, or looking to start a joint venture or new project where your intellectual property may be used.
By not getting an NDA signed before discussions are had or disclosures are made, means that information that is exchanged in the meeting is not protected. If you have an amazing idea, what's to stop your investor/business partner from taking that idea and doing their own thing? What recourse do you have? This is why protecting your confidential information is so important.
Protecting your confidential information under an NDA shows the other party that you're serious about your business. It allows you to exchange information freely without that fear they'll tell others. Having an NDA means that if your confidential information is leaked, you've got recourse under that agreement to do something about it!
If you have any questions about our NDA, please call one of our qualified lawyers on 1300 272 878 for your free 15 minute consultation.