business plan non disclosure agreement
How do I sell an innovative business plan for a company in a capitalist enterprise? (Non Disclosure Agreement)?
I prefer to liquidate or grant the license to the venture capitalists and continue my education … Ive heard that if the idea has potential for companies to buy the idea, find a management team and make it a reality … How effective is the NDA in that scenario?
VC firms are typically NEVER sign an NDA. They do not want to address the potential liability. While most venture capital firms will deal with you honestly and give some sort of ownership stake in whether to proceed with its business plan, your best defense against unethical behavior is a patent. If your idea is truly innovative, a business method patent can be issued. If you want an iron-clad patent Done well, It takes about $ 20,000 for a good firm to craft and the filing of the patent. This may seem like a lot of money in the short term, but in the long run it will benefit you exponentially. Furthermore, the patent and the very significant investment, will help convince potential suitors that you are a serious person with a serious idea.
What Buyers and Sellers Need to Know About Non-Competes and Other Restrictions on Key Employees
