NDAs are not just for what people normally think of when they think of intellectual property; they are also crucial in business formation and transactions. Whether you’re forming a new company negotiating a merger, or working with independent contractors and employees, NDAs protect sensitive business information, which is actually also intellectual property.
The Role of NDAs in Business:
Keeping Negotiations Private – Prevent competitors from gaining insider knowledge.
NDAs keep preliminary discussions confidential, preventing competitors from gaining insight into your strategic plans. Also, if the deal falls through, the negotiations will still remain confidential.
This can apply to the formation
Continue Reading Sealing the Deal: How NDAs Keep Business Talks Confidential