3 Reasons Confidentiality Agreements are Important
In Show 137- 3 Reasons Confidentiality Agreements are Important originally broadcast on Facebook Live on Monday 8 October 2018 we explore this interesting topic.
Today we’re offering a quick look at confidentiality agreements. This kind of agreement is especially important in the first phase of your business. There are three reasons why these agreements are important.
1. Presenting an invention
If you you have created a new invention or process you’re eventually going to share the details of it with others. Investors, potential partners or distributors are just a few examples. In each of these cases you will want a signed confidentiality agreement so that your idea is protected.
2. They protect your business
Most businesses have very similar business models. It’s the few things that make them unique that really needs to be protected.
3. They show that you are serious
If you are thinking about selling your business getting a potential buyer to sign a confidentiality agreement shows that you are serious.
More about this Show
We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms. Most importantly we want to help you to develop a plan to take your business successfully into the future. There’s a startling statistic the underscores the importance of developing a solid plan. The majority of business owners are just seven months away from losing everything. A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly. Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients. We want to close that gap once and for all. We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.
Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV. We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with. Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.