A non-disclosure agreement (NDA), or confidentiality agreement, is a legal contract used to protect sensitive information that needs to be shared with others.
NDAs can be very effective and they can last indefinitely. The Coca-Cola recipe, for example, has been kept secret for well over 100 years by the continuous use of secrecy procedures, including NDAs.
To secure confidentiality, you should get a signed NDA before telling or showing someone else your:
This includes when you're working with:
In some cases, you might want to consider using NDAs and other types of secrecy protections, such as trade secrets, instead of IP rights. This includes when:
Here's some top tips to consider when working with an NDA:
We've developed a free tool to help you create your own NDA. It builds a contract in four simple steps. Before starting, you'll need to have your business details and those of the other party handy.
We've provided some general guidance on NDAs, but it's important to seek legal advice before you sign one.
If you need help or would like tailored advice for your situation, we'd recommend engaging an IP attorney to assist you.
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