The type of “contract” you’re referring to is a non-disclosure agreement (NDA), commonly referred as a confidentiality agreement. It’s smart for startups to have an NDA available when they hire consultants and contractors. However, advisors and potential advisors are usually wary of signing this legal document. As a result, you can choose to withhold the important info until the 2nd – 4th meeting with investors. By then you’ll hopefully trust each other.
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