article thumbnail

6 Guidelines On How And When To Use Non-Disclosures

Startup Professionals Musings

As an advisor to entrepreneurs, I often have to deal with people who are convinced that they must get me to sign a non-disclosure agreement (NDA) before they begin talks about their new venture. Here are my guidelines for when a signed agreement is required, versus other alternatives: Insist on a two-way NDA for partner negotiations.

article thumbnail

More than just a document: the importance of bulletproof commercial contracts for startups

The Startup Magazine

And in certain situations, the low-cost approach makes perfect sense… A template NDA may fit the bill for early discussions with third parties, while a fairly generic employment contract may mean that enough is being done to ensure legal compliance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Inside Story of a Small Startup Acquisition (Part 3)

Software By Rob

How long into the discussion before you commenced diligence? Due diligence is the most important part of the process because it dictates whether you should move forward with the acquisition, and at what price. As such, due diligence consumed the majority of the two-month negotiation period between myself and the seller.

article thumbnail

16 Common Mistakes Young Startups Make

mashable.com

But dont underestimate the importance of achieving a basic threshold of "this looks good (and reputable)." How many entrepreneurs opening words are about how stealth their project is, followed by a 10-page NDA to hear word one? Guarding The "Big Idea". I was totally guilty of this back in the day.

Cofounder 111