Project Confidentiality

Project Confidentiality

What is a Non-Disclosure Agreement?

A Non-Disclosure Agreement or NDA is a written document which binds one or more parties to confidentiality. These typically have a limited term, or expiration. You should consult with your attorney to develop one or more NDA’s appropriate for your company. Always have an attorney review any NDA’s that are provided to you before signing them.

When should you consider using a NDA?

Whenever you are sharing sensitive information related to:

  • Patent-Pending Product Features
  • Proprietary Product Features
  • Product Development/Release Schedule
  • Product Supply Chain and Manufacturing Processes
  • And more… Consult with your Attorney!

Who can sign a NDA?

NDAs can be signed not only by individuals but also by a representative of a company. When working with another company, it is helpful to put in place a blanket NDA that applies to all employees of that company. Your attorney can help write this agreement to be more inclusive.

How long does it take to get a NDA signed?

This varies by the complexity and consequences of the NDA and each company’s legal review process. Some companies can turn around a signature in a day and others can take weeks. Don’t wait until the last minute to get this in place if you’re on a tight timeline.

What if someone won’t sign my NDA?

See if they are able to provide one and have your attorney review it. Some entities aren’t willing to engage in a NDA and you’ll have to develop other strategies of protection if you need them involved. Consider your barriers to entry like a patent and consult with your attorney to form a strategy and understand your risks.