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ARTICLE · 30 SEPTEMBER 2020

Why Your Startup Badly Needs An NDA

If you are a startup or business generally about to pitch to investors, you may want to have a Non-Disclosure Agreement (NDA) to make sure that any confidential ...

NigeriaCorporate/Commercial Law

Introduction

If you are a startup or business generally about to pitch to investors, you may want to have a Non-Disclosure Agreement (NDA) to make sure that any confidential information you share about your business model is not disclosed to anyone else without your authorization.

Or, if you are a small business or startup about to engage with another party, and you will be disclosing sensitive and key information about your business, an NDA is a good way of making sure that this information is not unduly disclosed and consequently exploited by the other party or third parties.

When you are engaging with investors, suppliers, or even contractors, it is natural that they will have access to some of your confidential business information. This could include anything from your internal business admin documents to your client databases. The last thing you want is somebody using this information and sharing it with others or taking advantage of the new found

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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