Even through Christmas, I would like to share some ideas with you. Today I will recommend an article on NDAs between potential business partners, often between startup companies, but also mature businesses. Will I Really Steal Your Idea? is written by Stef Lewandowksi and makes some good points. The most important ones to me are:
- NDAs prohibit other people from advertising and recommending your idea
- Are you really going to spend the seed funds to sue me?
- You can’t steal execution
I understand concerns about Intellectual Property, but it can definitely pay off to NOT use NDAs.