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Tips: One-Way Nondisclosure Agreement

Before disclosing or discussing confidential information with any outside party, your startup should have that individual or entity sign a nondisclosure agreement. Prime information about your startup’s business plan and technology can be shared with greater confidence if there are legal protections in place against its dissemination and use. Be advised however that many investors will either refuse to enter into NDAs or will do so only if their own forms are used.