Non-Disclosure Agreements (NDAs)

Nondisclosure agreements (NDA) are legally binding contracts between a disclosing party (an inventor or business) and a recipient (a prototyping company, manufacturer, engineer, or investor).

At a foundational level, an NDA details confidential information that the disclosing party wants to restrict the recipient from sharing or using outside of the business relationship between the disclosing party and the recipient. For example, an inventor wants to share their invention designs and specifications with a prototyper or prototyping company to have a physical or virtual embodiment produced.

NDAs are vital to protecting your invention, not just from disclosure by third parties, but NDAs also help to prevent public disclosure of your invention or confidential information that may act as a statutory bar to filing a patent application, or cause other irreparable harm.

When disclosing your invention or other confidential information to any other party, it is vital have a non-disclosure agreement in place.