NDA Agreement (non disclosure agreement)

The decision to use a sample confidentiality agreement is ultimately a business decision as to your measure of trust.

Possible instances to evaluate using an NDA agreement:

•Witnesses reading and signing your Record of Invention
•Persons performing Engineer/Design/Prototype/Test services
•Disclosures to third parties while patent pending
•Disclosure to potential business partners
•Others

Recommendation: File a patent application sufficient in scope to protect your invention before making any disclosure to a third party of cofidential information and file your patent application as early as possible.

Remember: The purpose of this exercise is to make money and at some point your invention will be publicly disclosed (when to use an NDA Form). Business is about taking calculated risks and engaging in risk taking opportunities. Protect yourself form unreasonable risks with an NDA agreement.

You may run into situations where a party will not sign a sample nondisclosure agreement, such as venture capitalist (VC) or a company with current research and development ongoing in the technical field of your invention. Remember each side to a potential non disclosure agreement template may be working on a similar or even an identical idea or have a legitimate reason for not signing the agreement.

Furthermore, a party or potential recipient of your confidential information may require the use of their form.

I’ve created a Non Disclosure Agreement Template that you can download for only $19.99.

Sample Confidentiality Agreement