Tailoring Nondisclosure Agreements to Client Needs

nondisclosure-agreementNondisclosure agreements, also known as NDAs or confidentiality agreements, are vital to the exchange of technological and business ideas. As recently reported by the Wall Street Journal[1], Silicon Valley conversations—even at cocktail parties—often begin with a request: “Sign this form, please.” Without NDAs, however, inventors or other creators of new business methods would be unable to disclose their ideas or information to potential investors, coinventors, executives, buyers, consultants, or developers. This is especially true in the computer world, where ideas can be appropriated very quickly.

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