Informational Articals - Trade Secrets - Non-Disclosure Statements
If you are in the process of marketing a new product then you may be wary about sharing the information of your invention with too many people. Even to get a patent for it you have to reveal your information. You may have to provide it to get financing for your endeavors as well. One of the best ways to protect yourself from someone stealing your trade secrets is to require Non-Disclosure Statements from everyone you have to discuss such details with.
It is never wise to rely on a verbal agreement that trade secrets and confidential information won’t be shared. You need to get the agreement in writing so that it is legally binding in a court of law. You can find simple Non-Disclosure Statements online that you can use on your own. You might want to consider having more formal ones drawn up by your attorney though so there is a legal record of such events taking place.
In order to secure a patent the information relating to your invention can’t be in any publication more than one year prior to the filing of the request. You don’t want your chances of getting a patent approved to be ruined because someone was circulating information about your invention. It is virtually impossible to get something off the ground without incorporating the assistance of others so make sure you make sure you get the help you need while protecting your inventions.
You may run into individuals along the way who are hesitant to sign a Non-Disclosure Statement. This doesn’t mean they are looking to take your information and deliver it to someone else. It could simply mean they aren’t willing to take on the risk of being put into a situation where they could be held liable if individuals get their hands on the protected information. You need to honor their choice and continue looking for someone who will sign the required forms.
With the use of Non-Disclosure Statements you can feel confident enough that your trade secrets will be safe. You won’t have to worry about them leaking out while you are in the process of completing all of the required applications, forms, and jumping through various hoops to get your invention onto the market.
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