What Should I Pay Attention to Before Signing an NDA?

Nondisclosure and confidentiality agreements can provide robust legally protection of a company’s trade secrets and IP. These contracts are actually the same type of agreement with different names. Other names that are used include Secrecy Agreement and Proprietary Information Agreement (PIA).

The most important feature of a reliable nondisclosure agreement (NDA) is describing what information is confidential. This can encompass patent applications and trademark registrations (both filed and not filed), financial information, directories, methodologies, vendor and customer lists, and business strategies.

NDA provisions must be narrowly tailored to serve the legitimate interests of a business. Overreaching can result in the agreement being invalidated, so skilled drafting is absolutely essential to ensuring a legally enforceable contract. State law varies widely on the mechanics and validity of NDAs. Using qualified legal counsel to help you draft your NDA is strongly advised.

You can have an IP / startup attorney draft that for you at LawTrades.

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