ArticlesReader.com Menu
Newest Articles
Most Viewed Articles
ArticlesReader.com RSS
Submit Article
Login
Signup
Search the articles

Articles Main Categories
Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Sports
Technology & Science
Travel
Writing
Subscribe
Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Syndicate

















Related Products
Home::Small Business

Protect Your Business With Non-Disclosure Agreements

Author : SD Lawyer
Every business should protect proprietary information when dealing with independent contractors, vendors and other businesses. The best way to do this is to use a non-disclosure agreement, often referred to as an “NDA.”



What is an NDA?



An NDA is an agreement between two parties to protect confidential information disclosed in a business transaction. The proprietary information can include business methods, finances, client lists, and anything that isn’t already readily available in the public arena. If a party subsequently breaches the NDA, the injured party can sue for damages, an injunction against further disclosure and attorney’s fees.



Directional NDA



In many situations, only one party requires the protection provided by an NDA. If you invent a new product, you are going to need an NDA from manufacturers, distributors, etc., before you discuss the product with them. While this may seem like common sense, most businesses fail to carry the thought through to their daily activities.



Practically every business hires independent contractors, but they rarely obtain NDAs prior to disclosing information to the contractors. For example, do you use third parties to create or maintain your websites? Did you obtain NDAs from any of them? If not, what’s to keep that party from using your business methods on other sites? A directional NDA can keep this from occurring.



Mutual NDA



As the name suggest, a mutual NDA allows two parties to protect confidential information. The mutual NDA is typically used when two businesses are negotiating a joint venture. Each party must disclose enough information to make the negotiations viable, but neither wants that information made public if the negotiations fail. If negotiations go well, additional non-disclosure information will be incorporated into the joint venture agreement to protect additional information revealed during the joint venture.



Refusing to Sign an NDA



Alarms and warning lights should go off if a party refuses to sign your NDA. Unless they can provide a very compelling reason for the refusal, you should walk away from the business relationship.



When An NDA isn’t really an NDA



Just because a document is titled, “Non-Disclosure Agreement”, does not mean it provides you with protection. You should ALWAYS read the language of an NDA because the document may establish that you are WAIVING all confidentiality rights. The waiver might be very direct and read something like, “The disclosure of information pursuant to this Agreement shall not be considered confidential.” Alternatively, the language may be more indirect and read, “The parties acknowledge and agree that all information exchanged pursuant to this agreement has previously been established in public forums.” Regardless, the “reverse NDAs” strip you of protection and should not be signed.



Obtaining non-disclosure agreements should be a standard practice for your business. Don’t exposure your proprietary business secrets to others without this protection.


Article Source: http://www.articledashboard.com





Richard A. Chapo is a San Diego business lawyer with www.sandiegobusinesslawfirm.com - providing legal services and legal advice to businesses in San Diego, California.





Spam emails More free articles

Related articles


  1. How to Create an Employee Manual
  2. Become The Squeaky Wheel and Watch Your Business Skyrocket!
  3. Keeping a Partnership ALIVE and THRIVING
  4. Finding the PERFECT Alliance Partner
  5. Who Makes the BEST Alliance
  6. A Small Business Consultant Can Help in Many Ways... But One Thing He Cant Provide
  7. Advertising - For Small Businesses (Part 2)
  8. Advertising - For Small Businesses (Part 1)
  9. When to Say NO!
  10. Chamber Membership will BOOST your Business
  11. What are the COSTS Associated with joining Leads Groups?
  12. Tips on Setting Up Your Small Business Bank Account
  13. Debit and ATM Card Advice for Small Businesses
  14. Q and A: Personalized Birthday Cards from Paul Leonard
  15. Small Business - Big Business...What's the Diff?
  16. Making Your Purpose Your Business Step #2- Getting From Point A to Point B
  17. How to Locate, Hire, and Work With an Article Writer
  18. What an alarm clock can teach us about online collaboration
  19. Why do startups and small companies need to attend trade shows?
  20. 11 MONSTROUS Small Business Marketing Mistakes and How To Avoid Them
  21. Your Baby's Ugly..and You've Got Bad Breath
  22. Why Small Business Must Turn to PR
  23. Successful Small Businesses Use PR
  24. Small Business 'No' How - Don't Give Away the Farm
  25. Success Tips for Small Business Owners
More related feeds
101 Trade Secrets Lawyers Don’t Want You to Know
How to eliminate the “risks” in receiving and paying by cheque. Click here page 31. How to STOP your customers from hiring away your best employees. The shocking truth about using a non disclosure legal agreement. ...

WWD Interview: Non-Disclosure Agreements
Stickles: The obvious answer is to not disclose any of your confidential information to them. You’re also going to be looking at a business decision on whether you can continue the relationship without the other party having access to ...

Web Worker Daily
Out of the blue, one of them asked if we’d be offended to sign an NDA (non-disclosure agreement) for a project she’s working on - and has already discussed with us pretty extensively. We’ve even given her our input on on the project. ...

PROTECTING INTELLECTUAL PROPERTY AND PROPRIETARY DATA IN FEDERAL ...
When two companies begin an exchange of information that may lead to a mutually exclusive business arrangement under a government contract, a Non-Disclosure Agreement (NDA) is generally signed to protect proprietary data. ...

Confidentiality and Non-disclosure Agreements – Protect Your Company
In today’s business world, confidentiality and non-disclosure agreements are becoming increasingly important for businesses looking to protect themselves from damaging leaks Most employee contracts will contain some kind of ...

Protect Intellectual Property With a Non-Disclosure Agreement
Non-disclosure Agreements (NDA) are crucial to ensuring the protection of your intellectual property. When you take a job on or when you contract out work a NDA helps to cover your liabilities. With a NDA in place you can feel safer ...

Protect Your Business With Non-Disclosure Agreements
Every business should protect proprietary information when dealing with independent contractors, vendors and other businesses. The best way to do this is to use a non-disclosure agreement, often referred to as an “NDA.” What is an NDA? ...

Protection for marketing strategies -- is it realistic?
However, if your idea does not fall into any of these categories, then it may still be protectable by other means. First of all, it is always a good idea to walk into any such meeting with a well-drafted nondisclosure agreement in hand. ...

Nondisclosure Agreements : also called an NDA or a Confidentiality ...
Use of a nondisclosure agreement is one of the best ways to protect trade secrets — that is, any information that is not generally known and gives your business a competitive advantage in the marketplace. ...

Confidentiality and Non-disclosure Agreements - Protect Your Company
In today's world of business, confidentiality and non-disclosure agreements are becoming increasingly important for businesses looking to protect themselves from damaging leaks. Most employees contracts contain some kind of ...

 


 

2007 articlesreader.com - All Rights Reserved