Confidentiality Agreements or also known as Non-Disclosure
Agreements (NDAs) are often used between companies in order to
protect their confidential information, developed technology,
know-how and/or trade secrets that might be given to the receiving
party during their interaction.
The general industry practice is to keep these NDA's as
short as possible in order to make them appear as simple and
straightforward agreements, so that they will not raise any red
flags when reviewed by an uneducated eye. Unfortunately, many of
the startups and/or small businesses fall for this trap and tend to
sign these NDA's without consulting an attorney first, which
generally results in these companies agreeing to detrimental
provisions that may potentially cause problems for them in the
future. This is especially the case for small tech startups where
technology and know-how are the most valuable assets of that
company. For such startups and small businesses, agreeing to such
NDA's
