3 ms·
Generally, two groups of people push for NDAs: 1. Inexperienced entrepreneurs 2. Big companies If you have to sign one, make sure it's (1) mutual, (2) doesn'
by jon_dahl 16y ago
Generally, two groups of people push for NDAs:
1. Inexperienced entrepreneurs
2. Big companies
If you have to sign one, make sure it's (1) mutual, (2) doesn't include non-compete language, and (3) expires. If you want to cheat, add (4) confidential information must be noted as confidential in writing or by email within 24 hours of being communicated. No one is going to do that. :)
And run NDAs by a lawyer, especially your first few. They'll talk you through the process of evaluating them.
I wouldn't sign the linked document, personally. This is pretty severe: "no person listed as a Participants may knowingly or unknowingly profit or benefit from
the concepts, ideas, thoughts or information communicated or shared by any other
Participants, unless hardcopy proof exists in a common medium used for communication
that this information was either possessed prior to the date of this meeting by a person
not listed as a Participants, or was created, refined, possessed or owned by the
Participants prior to the date of this meeting, or is common knowledge."
- AmberShah 16y agoThis is true when you're just trying to have a preliminary discussion, but when someone is actually going to start working for you and get access to your code and internal documents, then it makes sense to have an NDA or an employment contract with an NDA clause. In this case I have seen extremely experienced entrepreneurs use them at this step. That kind of stuff, unlike an idea, can be extremely valuable. Otherwise I agree that you should have your lawyer look at it and probably just pass altogether.
- jon_dahl 16y agoAgreed. When real business is starting, or a contractor/employee is being hired, some form of confidentiality should be in place.
- damoncali 16y ago+1.That clause seems pretty heavy in my experience. If the NDA is a really needed, at least have your own lawyer write it in a benign form. Every NDA I've run across has been pretty much the same, and much more friendly.