Non-disclosure Agreement or NDA between 2 businesses – the details!
WHAT IS THIS NON-DISCLOSURE AGREEMENT BETWEEN TWO BUSINESSES DOCUMENT?
This Non-disclosure Agreement (NDA) is an agreement between two or more businesses. Businesses will use it when they want to share their confidential business information with each other but still want to protect it. NDAs can be called by lots of different names such as Confidentiality Agreements. Whatever you call them, they are the legal documents which helps keep your important information confidential.
WHY SHOULD I USE IT?
Use this NDA to properly protect your confidential business information before you share it. You can use it no matter what the confidential information is or why you want to share it. You can easily adapt it to suit your business needs. Use it as many times as you need to.
Get peace of mind. Know that you can safely share information with a freelancer when they’re doing some work for you. Or share information with another business as part of a sale or a joint project.
TELL ME WHAT THIS NON-DISCLOSURE AGREEMENT COVERS?
This NDA puts you in control of sharing your confidential business information with another business. You can make it clear that you will always own your information. Decide how and why your information can be used before you share it. Deal with how and when you get your information back or when and how it must be destroyed.
You can also make it clear how much you value your information and what you will do to protect it. Like stopping it being used or claiming compensation (damages).
Spell it all out to avoid problems and confusion. It leaves each business clear about how they can use confidential information. Each business will know their responsibilities and what’s expected of them. That makes for a much clearer and trusted relationship.
HOW TO USE THIS DOCUMENT
Download this MS Word plain English document written by qualified lawyers (it avoids legal jargon). Read the explanations and use the guidance notes to adapt and use the document. It makes it easy to use it with as many different businesses as you need to. As often as you need to. You can protect your information and protect your business.
NEED AN NDA BETWEEN A BUSINESS AND AN INDIVIDUAL PERSON?
We also have an NDA between business and an individual person?