A Non-Disclosure agreement is a written contract between two people where one person agrees not to disclose information the other person shares. You would have anyone you tell about your new invention idea to sign one to protect your idea so they can’t legally steal it.
Here is an example of a non-disclosure agreement:
NON-DISCLOSURE AGREEMENT
YOUR NAME, and THEIR NAME, agree:
YOUR NAME may from time to time disclose to THEIR NAME certain confidential information or trade secrets generally regarding Invention Idea.
THEIR NAME agrees that it shall not disclose the information so conveyed, unless in conformity with this agreement. THEIR NAME shall limit disclosure to the officers and employees of THEIR NAME with a reasonable “need to know” the information, and shall protect the same from disclosure with reasonable diligence.
As to all information which YOUR NAME claims is confidential, YOUR NAME shall reduce the same to writing prior to disclosure and shall conspicuously mark the same as “confidential,” “not to be disclosed” or with other clear indication of its status. If the information which YOUR NAME is disclosing is not in written form, for example, a machine or device, YOUR NAME shall be required prior to or at the same time that the disclosure is made to provide written notice of the secrecy claimed by YOUR NAME. THEIR NAME agrees upon reasonable notice to return the confidential tangible material provided by it by YOUR NAME upon reasonable request.
The obligation of non-disclosure shall terminate when if any of the following occurs:
(a) The confidential information becomes known to the public without the fault of THEIR NAME; or
(b) The information is disclosed publicly by YOUR NAME; or
(c) a period of 12 months passes from the disclosure; or
(d) the information loses its status as confidential through no fault of THEIR NAME.
In any event, the obligation of non-disclosure shall not apply to information which was known to THEIR NAME prior to the execution of this agreement.
Dated: _______________________________
________________________________________________
YOUR NAME
________________________________________________
THEIR NAME
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[...] Non Disclosure Agreement – What is it? [...]
[...] you are concerned that someone will steal your idea, you can have them sign a non-disclosure agreement before you ask them questions about your [...]
[...] you are concerned that someone will steal your idea, you can have them sign a non-disclosure agreement before you ask them questions about your [...]
[...] you are concerned that someone will steal your idea, you can have them sign a non-disclosure agreement before you ask them questions about your [...]