{"id":6535,"date":"2021-09-18T15:25:42","date_gmt":"2021-09-18T09:55:42","guid":{"rendered":"https:\/\/old.anandandanand.com\/oldupdates\/?p=6535"},"modified":"2021-10-05T16:09:31","modified_gmt":"2021-10-05T10:39:31","slug":"can-you-protect-your-ip-with-an-nda","status":"publish","type":"post","link":"https:\/\/old.anandandanand.com\/oldupdates\/can-you-protect-your-ip-with-an-nda\/","title":{"rendered":"Can you protect your IP with an NDA?"},"content":{"rendered":"

An NDA (Non Disclosure Agreement) is a legal document ensuring the confidentiality of proprietary information. Archana Shanker\u00a0<\/a>and Priya S. delve into the why and when of an NDA which, they say, is a major player in protecting your IP rights.<\/p>\n

“Depending on the nature of the parties, including low-riskers such as investors and high-riskers such as competitors and start-ups, the type of NDA which should be used varies. Accordingly, NDAs can be unilateral, bilateral, confidentiality deed or multi-party. Investors have the least interest in stealing confidential information as they are only interested in investing their money in the technology. On the contrary, start-ups are at high risk if they share confidential information, which are novel ideas of the invention. An early stage of development of a new product or service is always at high risk of getting copied or stolen by competitors. It thus becomes extremely important for the high-riskers to put their NDA in place before even starting a discussion. Also, any future merger and acquisitions, licensing or sales would require a strong NDA to prevent jeopardizing the confidentiality. Apart from the risk evaluators, even the on-boarding process of new employees requires to have an NDA established between the company and the employee.”<\/p>\n

Read through the nuances of an NDA in Asia IP’s recent feature, ‘Can you protect your IP with an NDA?’ here<\/a>.<\/p>\n

Read more:<\/p>\n