NDA, i.e. Non-Disclosure Agreement, is a contractual document under which the parties legally pledge to keep certain information confidential. We always encourage our clients to sign such agreements BEFORE starting business negotiations. Why?
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It is one of the few ways to protect your usa email address list product concept. NDAs can be signed with multiple parties. A well-structured confidentiality agreement is an effective tool for protecting your rights in case the party you have signed a contract with breaches its conditions.
A firm definition of confidential information.
It is a good idea that the parties, before signing a contract, very precisely specify what they consider as confidential information. Most of all, it should include all information concerning your company:
financial data,
know-how,
show-how,
operating,
marketing,
or trade data.
Additionally, the definition should include information concerning the product:
ideas,
solutions,
operating methods,
functionalities,
and elements of the app’s architecture.
It is also worth adding a clause according to which confidential information is all information which we have handed over to the other party in connection with business talks.