An NDA Is Not Your Savior. There’s Much Better Protection.

Paranoia in business tends to run deep. The consensus is that someone will steal your idea, claim it as their own, and celebrate their success on the company’s new mega yacht named after your venture, say, “Disco Revival.” You may not be that paranoid, actually.

Enter the lawyers, and the Non-Disclosure Agreement (NDA); the overpriced, mostly boilerplate document designed to protect the interests of all parties entering into a confidential relationship. Does it?

In principal, an NDA sounds stellar. However, human nature and goodwill are often displaced by old-fashioned greed. Before you leap lemming-like into the NDA quicksand, think of the downstream scenario and who you might be dealing ...

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