Forums: Discussions for entrepreneurs and small business.

I have completed my business plan and I am in the startup capital stage.  I`m wondering how I can protect myself when approaching investors with my idea, or when submitting my business plan online to angel networks.  I am worried about two things...  My business model being stolen and the domain I am interested in buying being stolen.  The domain is a premium domain but goes great with my business and is essential to building the appropriate brand. Unfortunately it is fairly expensive to purchase and will require funding.

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Deena B. Burgess, Esq.
www.ebusinesslawgroup.com
Offering Affordable Legal Solutions to Online Businesses
Check me out at Twitter and Linked In

As a general rule, you should assume that anything you disclose becomes fair game, even if you sign a non-disclosure agreement with a potential investor.  Although you should always use an NDA, they are extremely difficult to enforce in court.

Common sense prevails here - disclose only what you need to, and try to hold back just enough so a third party wouldn`t be able to run away with your idea without seeing everything.


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Somerville, NJ 08876
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Does this ever happen with angel investing networks?