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The Ultimate Inventor’s Guide to Inventing Things

Up and Running

Drop into a store that you think would be a great candidate for stocking your product in the future. If you want to explain your idea to someone in-depth and are worried potential theft, you can get them to sign a non-disclosure agreement (NDA)—a legal document that states both parties intent to keep information confidential.

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9 Business Acronyms You Need To Know

YoungUpstarts

IPO stands for Initial Public Offering, and is the first sale of a private stock to the public. An NDA, or Non-Disclosure Agreement, is an essential business acronym that often takes many forms. Net Operating Profit After Tax, or NOPAT, is a performance measure that reveals a company’s after-tax profit.

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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

Form a legal entity to operate the business (we’ll use a Delaware corporation as an example for Newco). Make escrow arrangements for restricted stock (i.e., Consummate the stock issuances, make any necessary securities filings and issue the corresponding stock certificates. Independent contractor or consulting agreements.