When do You Need a Non-Disclosure Agreement in Your Startup?

When do You Need a Non-Disclosure Agreement in Your Startup?

In this interview with Jeremy Glaser, who is a partner at the law firm Mintz Levin and also serves as Co-Chair of the firm’s Venture Capital & Emerging Companies Practice, we discuss when and why you need a Non-Disclosure Agreement (NDA).

Jeremy says, “Most companies are developing some new product or technology, and that’s their secret sauce. The last thing you want to do is talk to people about it, and then they can say, ‘That’s a great idea,’ and run off and start their own business.  The purpose of the NDA, the non-disclosure agreement, is when you meet with someone to have them agree in writing that, what you’re sharing with them has to be confidential. They are specifically agreeing that they’re only going to use that information for purposes of the specific relationship or conversation that you’re having.”

For more strategic insights on startups, visit questfusion.com.

This is Patrick Henry, CEO of QuestFusion, with The Real Deal…What Matters.

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