when to use non-disclosures
TRANSCRIPT
8 suggestions when it's the right time to use NDA
1
When in-depth business discussions are underway
You may be worried that if you share your secrets with another party, they may misuse the information for their own purposes or share it
around recklessly.
You can protect your confidential information with a NDA agreement (1).
(1) Link to https://everynda.com/blog/sample-non-disclosure-agreement-template/
Confidential information can include things such as:
Customer lists Technical designs Your business plans And so on
2
When hiring freelancers
The NDA agreement is not required if you don’t intend to share any confidential information with the freelancer.
But you can combine the non-disclosures clauses with the IP assignment clauses in your freelancer agreement.
3
When hiring employees
The clauses to bound the employee to confidentiality obligations are included along with the employment contract.
4
When during a licensing negotiation
Request to sign a NDA agreement before the discussions take place.
You may also want to make sure that whenever you allow another party to evaluate your product/service, that they have signed an NDA
and agree not to reverse-engineer your process.
The Recipient acknowledges and agrees that any Software Source Code and Software Products received under thisagreement, and any Software Products derived or compiled from the Software Source Code, are subject to the following limitations:
1. Recipient may use the Software Products for evaluation purposes for a period of sixty (60) days from the date of this agreement, or with a valid software license obtained from the Discloser. All other uses are expressly forbidden by this agreement.2. Recipient may not grant rights to use the Software Source Code or Software Products to any other individual or entity. Usage of these is limited to the Recipient signed below.3. Recipient is subject to all terms and limitations set forth in all separate software licenses provided by Discloser toRecipient with the Software Source Code.
5
When you want to protect the intellectual property
NDA agreements are a MUST if you intend to share trade secrets (2).
The law is clear: if you want to keep your trade secret status, you need to take reasonable steps to protect the confidentiality of your
trade secret.
(2) Link to https://everynda.com/blog/confidential-information-vs-trade-secrets/
Ask for NDAIf NDA can't be signed, consider limiting what information you share to generic, non-confidential information
CreditsIcon from slide 2 created by parkjisun from the Noun Project. Icon from slide 6 created by Jenny Chisnell from the Noun Project. Icon from slide 9 created by romzicon from the Noun Project. Icon from slide 11 created by Gregor Črešnar from the Noun Project.