- Protect your business plan with an NDA
- Prepared by solicitors
A Business Plan NDA is a legally binding agreement that prohibits parties who receive copies from disclosing the contents of the business plan documents. The NDA is very important because business plans are provided to several funding and financial investors when one is seeking money to launch a business. The signed NDA will also allow the court to determine liability and to award money damages if a party to which you have provided a copy of your business plan chooses to divulge or use part of your business plan without your consent.
A Business Plan NDA is needed when you want to submit your business plan to investors for potential funding. Since all banks and financial institutions are not ethical a Business NDA that will prohibit the disclosure of the terms of your business to others or to use parts of it in their own business ventures. The signed NDA can also be used to hold a breaching party liable for money damages.
A Business plan NDA should include the following:
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