Protecting Business Ideas With An NDA (Non Disclosure Agreement)
Take my full course on starting a business:
https://www.udemy.com/how-to-start-a-business-go-from-business-idea-to-a-business/?couponCode=y2For more advice like this video on protecting business ideas with a non disclosure agreement, visit
http://www.problemio.com and check out our mobile apps for starting a business.
In this video, I explain how to protect your business ideas and whether you should protect your business ideas. Some common ways to protect your business ideas are with an NDA (non disclosure agreement) and using various common sense techniques such as working with people you can trust.
A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement, is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties.
A non disclosure agreement can be a unilateral non disclosure agreement or a bilateral non disclosure agreement. A unilateral NDA means it only protects one side, and a bilateral NDA means it protects both sides. Additionally, a non disclosure agreement can be between individuals, companies and non-profits.
Unfortunately, there are a few issues which decrease the effectiveness of the NDA in protecting business idea. The first issue is that you actually have to go to court in order to get anything back which is rightfully due to you. And not everyone has the appetite to go to court because it takes an investment of time and money.
While the NDA is the best legal tool to protect business ideas, it may not be the best tool to protect business ideas overall. In general, the great thing you can do to protect your business ideas is to simply work with people who you can trust and who have a reputation for being honest and having a high degree of integrity.
If you are curious about topics like protecting business ideas and tools such as a non disclosure agreements, you may want to check out the mobile apps on business ideas. Those business idea apps cover a wide range of issues related to business ideas.
Here is the Android business idea app:
https://play.google.com/store/apps/details?id=business.ideas&hl=enAnd here is the iOS business idea app:
https://itunes.apple.com/us/app/small-business-ideas-help/id583498069?ls=1&mt=8Additionally, here is a blog post about protecting business ideas with an NDA (non disclosure agreement):
http://glowingstart.com/protecting-business-ideas-nda-non-disclosure-agreement/And here is an article that takes a broader view about protecting business ideas in general:
http://www.problemio.com/business/protecting_business_ideas.phpAnother video that may be helpful is one on protecting your business with a non compete agreement:
http://youtu.be/ljIAdWeoOqA And here is the Wikipedia entry on the Non disclosure agreements:
http://en.wikipedia.org/wiki/Non-disclosure_agreementHiring agencies if you have a mobile app idea:
https://www.youtube.com/watch?v=0YKyXAIWinIBusiness plans for mobile app idea or a start-up idea:
https://www.youtube.com/watch?v=EV_TWcrar0cBest home based business ideas:
https://www.youtube.com/watch?v=melqhoe8xIMBook on going from business ideas to starting a business:
https://www.youtube.com/watch?v=XtmJEeZmiigVideo of step by step process on how to start a business:
https://www.youtube.com/watch?v=goGyLtvKNeACourse on how to start a business:
https://www.youtube.com/watch?v=kgyLxrhgdAkBusiness idea playlist:
https://www.youtube.com/watch?v=rsQBryny_RE&list=PLAgq5S6WQmzH3nbhQ4qzHtWt1xe9X4Va7How much to pay yourself as the business owner:
https://www.youtube.com/watch?v=k1dq4vjT5z0How to start a successful YouTube channel:
https://www.youtube.com/watch?v=NqbElmFXZa8Affiliate marketing coach:
https://www.youtube.com/watch?v=pYdHnSlf6scHow to come up with business ideas:
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