Hi all
I am often very nervous to explain an idea to potential investors. What is to stop the investor taking the idea elsewhere? Just draft a NDA and non-compete and have them sign it?
thanks
Asked about 2 years ago in Toronto, Ontario
Categories:
Business Law
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 Ontario lawyer
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A non disclosure agreement would definitely help in this situation. Also, many professionals such as lawyers are bound by confidentiality rules so they are not permitted to disclose information you provide to them unless you consent.
Posted about 2 years ago
Please note that this is for informational purposes only and does not constitute legal advice to you. Legal advice pertaining to your particular situation can only be provided by a lawyer who has met with you to obtain all pertinent background information necessary to give you a formal legal opinion. For formal legal advice, hire a lawyer (many give a free first consultation).
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Ontario lawyer |
Posted about 2 years ago
Please note that this is for informational purposes only and does not constitute legal advice to you. Legal advice pertaining to your particular situation can only be provided by a lawyer who has met with you to obtain all pertinent background information necessary to give you a formal legal opinion. For formal legal advice, hire a lawyer (many give a free first consultation).
Contact Michael Carabash, search
the Lawyer Directory, or use our free Lawyer Referral Service.
Comment from Ontario
I have the same reservations as the original poster. Seems to me the NDA won't do much good if the receiving party discloses the idea to someone else, who then develops it. Especially if the original inventor has no resources to hire a legal team to prove the damages based on the vague relationship of those two parties.
Posted over 1 year ago
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