Written by attorney Mark A. Whitson

Non-Disclosure Agreements - Tips for the Small Business Owner

A non-disclosure agreement ("NDA") is a tool whereby the parties agree to exchange information without further disclosure. They're common and useful agreements that allow the parties to chat about sensitive information without fear that it will be freely disseminated later.

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NDAs, like every other type of deal, can be negotiated. If you don't like what you see on a draft contract, ask for something different, as you may get it. If you want an NDA of your own, you can find forms online that will allow you to tailor them to your own purposes (search "free NDA form" and you'll find lots of choices). But like any other legal document, risk assessment is involved. It's always best to ask your lawyer if you're unsure.

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