Are you being asked to signa Non-Disclosure Agreement?

Are you receiving information regarding an invention or business idea that similar to your own?

Are you receiving financial, marketing, or other sensitive information?

Are you receiving access to or discussing a new product, technology or service idea?

Is there an actual need to receive the confidential information? (Tip: Don’t sign agreements that aren’t 100% necessary.)

If you answered yes to most of the above questions, an NDA might be appropriate, but the type of NDA may depend upon the details of your situation. The next page will help you gather more of the information you need to respond to the NDA or put an NDA together.

To see if signing an NDA is appropriate for your situation, answer the following questions:

Yes No

Yes No

Yes No

Yes No

Before you sign a Non-Disclosure Agreement (NDA) to protect another party's sensitive information, you need to make sure you can comply with the restrictions of the NDA.

A non-disclosure agreement aims to make sure that a party's confidential information stays protected in a variety of situations, but the impact on the recipient can be far reaching.

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What confidential information will you be disclosing to the other party?

How long do you need to keep your confidential information secret?

What confidential information do you expect to receive from the other party?

How long will you be able to track and protect the other party’s confidential information?

Why is each party disclosing/receiving confidential information?

Double-check: Is there a need to disclose or receive confidential information in order to accomplish the goal in the question above?

Question

NDA Prep Sheet

Response

Information

Rule of thumb: Don’t enter into agreements that aren’t necessary

You will need to answer all of the following questions before deciding whether to sign an NDA or create your NDA. Once this sheet is complete, contact us to finalize the agreement and make sure you have all of the finer details that are specific to your situation covered.

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Question Response

Fill in the blank: All confidential information exchanged between the parties for the next ____[time frame]____ should be protected.

Are your employees required to sign an NDA with your company upon hiring or before having access to confidential information?

Do you mark all your confidential information as “confidential” or anything similar? Would you be able to?

When is the first meeting where confidential information will be disclosed?

Who needs to have access to the confidential information?

Process

Additional Information:

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