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The Ultimate Inventor’s Guide to Inventing Things

Up and Running

billion in total industry sales. 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. The non-disclosure agreement (NDA).

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What to consider when entering into product collaboration

NZ Entrepreneur

However, they often require the negotiation of other commercial terms, such as supply terms where some element of the product is being supplied by one party to the other. What will be the process for the parties agreeing the final design or recipe for the product? Will the product be a permanent one, or will there be a limited run?