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anyone wanting to protect their business or original idea when it is necessary to disclose secrets;
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a seller of a business, website or other property;
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any person involved with research or ideas
Note: Net Lawman provides two versions of the confidentiality document, one in “letter” form, the other as an “agreement”. There is no difference in the legal effect. It is simply a matter of choice as to your preference for presentation and formality. If in doubt, take the letter, IE-COM402.
However, the agreement version is more effective solution if the confidentiality is part of a situation where both sides are giving something (such as mutual confidentiality).
Key features of confidentiality letter:
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wide definitions cover most situations - agency, sale of business, software access, and more;
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extensive notes to guide you;
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plain English - of course!
Why use this document:
Simply, very few businesses develop their own ideas. Even if they want you to think they have. Mostly, they “find” them elsewhere. Stop them from copying yours with this carefully drawn confidentiality letter.
Note: business owners tend to be most diffident about asking for confidentiality letter or agreement from bankers and other lenders. This is a great mistake. Disclosure is far more likely as a result of carelessness that of a deliberate attempt to steal your ideas. Buy this document now, then pull it out of your bottom drawer whenever you need to protect your secrets.
This document includes provision for:
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broadly defined confidential information;
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public domain exceptions carefully restricted;
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damages quantified in advance;
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usual legal provisions.
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