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

What To Do When Your Trusted Employees Defect To The Competition

YoungUpstarts

In today’s competitive global market, managers know that employees (including really valuable ones) are likely to change jobs every few years or so. Like it or not, employee mobility has just become a fact of life. ” The fear of an ex-employee sharing your vital secrets with her new employer is, indeed, a well-founded one.

Employee 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

To NDA or not to NDA?

Growthink Blog

The NDA question comes up more than you would think because scrappy entrepreneurs are always looking for collaborators, co-founders, and capital while jealously guarding their ideas. What is a NDA? One standard use of a NDA is protecting one company from another during discussions and negotiations. Are you hiring an employee?

NDA 124
article thumbnail

How to Protect IP When Outsourcing Software Development

Up and Running

In outsourcing to hire an international employee, a non-disclosure agreement ( NDA ) is crucial. Your NDA must be worded broadly enough to cover anything under the scope of the outsourced talent’s work, as well as specific enough to clarify what cannot be shared, circulated, or kept by the employee.

article thumbnail

How to Protect Your Intellectual Property

The Startup Magazine

All of your ideas and finished works should be stored properly, away from everyone else—including employees. A NDA is a contract. You should also have a basic employee agreement that states that any work that’s created by your staff while employed by you becomes intellectual property owned by you. Work With An Attorney.

article thumbnail

Non-Disclosures Can Protect Your Idea, Or Destroy It

Startup Professionals Musings

Trade secrets, which may be recipes, formulas or processes, should only be disclosed on a need-to-know basis, even to employees, and then always accompanied by a CDA. CDA entrepreneur idea NDA non-disclosure startup' Some entrepreneurs avoid the patent process, since patent details become public once a patent is issued.

article thumbnail

When is a Startup Non-Disclosure Really Required?

Startup Professionals Musings

Entrepreneurs often get the advice from their lawyers and friends to always get a Non-Disclosure Agreements (NDA or CDA) signed before disclosing anything about their new venture. If you are totally risk-averse, then push to always get signed NDAs. The format of an NDA is simple, and you can download a sample from my website.

NDA 244