Intellectual Property : Using Confidentiality Agreements

in Forum: Protecting Your Ideas
Source of this discusssion: /media/episodes/1750/podcast-back-it-up.asp Page description: For a small price you can guarantee the most important aspect of your business: your data. Brent Yax of Awecomm describes the procedures and reasons why this is a necessary practice for all businesses.
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Jun. 15 2006 at 12:31 PM
No Photo Posted by: xylogy
I reviewed the article on using confidentially agreements. It looks as tho' it fits my idea for promoting a product already produced by a manufacturer. The idea for promoting the product with a catch phrase not currently used which might then become the banner advertising slogan. Am I right in thinking that this approach will protect such an idea?
Jun. 15 2006 at 1:01 PM
David Posted by: David
Yes, but you may want to consult with a lawyer to ensure your agreement is solid.  A confidentiality agreement, and to a greater extent, a non-compete agreement are often specific to a certain industry.  You should however, draft the agreement yourself, before taking it to a lawyer. "Forget inspirational quotes to keep you going. If by doing what you do, you get an hour every day to relax, be with the ones you love in comfort without doing wrong, then it is all worth it." -Anon.
Jun. 15 2006 at 5:21 PM
entreprenerd Posted by: entreprenerd
It's also called an NDA, which stands for Non-Disclosure Agreement - just in case you're searching the net. Sometimes I find good templates for forms on the Microsoft Office site.Chris

The Dippy Chick Company, Inc.
Jun. 15 2006 at 8:35 PM
No Photo Posted by: xylogy
Thank you for advice. I shall certainly follow thru.
Jun. 15 2006 at 9:36 PM
Aron Posted by: Aron
Xylogy,

More than happy to send the one I received from a lawyer for you to review. Need your e-mail address.
Aron North President Perfect Beverage LLC.
Jun. 16 2006 at 7:14 AM
No Photo Posted by: xylogy
My email address is xylogy@earthlink.net. I appreciate all the emails and help I can get.
Thanx
Feb. 13 2007 at 7:44 PM
Qromeo Posted by: Qromeo
I read your article about NDA's and find it very interesting.  I prepared a non-disclosure agreement and sent it to a huge pharmaceutical company.  They refused to sign it and forwarded one of their own to me entitled "Release".  The terms were rediculous and I refused to accept that as my only means of protection.  I did not go forward with that company.  What are your thoughts on this. 

Edited by: Qromeo - Feb. 13 2007 at 7:45 PM
Feb. 14 2007 at 9:01 AM
I prepare NDA agreements for clients - but am not too confident that they really offer that much protection.  There are usually enough loop holes to make them tough to really enforce.  Remember that they are, after all, promises.  They certainly are no substitute for filing for the appropriate protection [e.g. patent or trademark application].James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com/
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