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| Resources for Entrepreneurs | Entrepreneur's Glossary | ||||
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Non-Disclosure Agreement
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Definition of Non-Disclosure AgreementA Non-Disclosure Agreement, or NDA as they are often called, is an agreement that two parties sign in order to protect the privacy of ideas and prevent the disclosure of those ideas to third parties.
In any transaction where an entrepreneur will be disclosing sensitive and confidential information, it is highly advisable to have the other party sign a non-disclosure agreement. When soliciting venture capital, however, you may find that many VC firms will not sign an NDA. They have the money, and therefore they have the power; so, you may find that you need to be less stringent about requiring a non-disclosure or confidentiality agreement. If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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