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Video instructions and help with filling out and completing Why Form 5495 Agreements

Instructions and Help about Why Form 5495 Agreements

P>It's critical to use the right NDA and to know how to use it. I met Alexander, a business and technology lawyer, for the past 17 years. Before that, I was involved in high-technology businesses as an engineer and as a marketing person. Let's begin with some really critical information. Trade secrets, know-how, and confidential information are the most valuable forms of intellectual property for most businesses. The key here is that if any of them are disclosed without proper contractual or legal protection, they're lost. In other words, you can't stop others from using that intellectual property without your permission if you disclose it improperly. This form will help you avoid doing that. So let's just talk a little bit about non-disclosure agreements because I think that's important to set the background. A lot of people take the position that a nondisclosure agreement is just a form, it doesn't really matter, does it? Well, actually, it really does. There are several key issues that have to be determined in a confidentiality agreement to make it enforceable. Now, let me start off by saying, do we need to use a confidentiality agreement at all? And that may sound kind of strange given what I just said in the beginning, but let me ask you, have you ever been on a blind date? Now, if you have and you started that blind date by asking the person, "Hey, you know, you look pretty good, you want to get married, do you want to have kids, how many kids you want to have?" I don't think that blind date would last too long. Yet, companies often rush into a confidentiality agreement when really they shouldn't do it. They need to find out, "Hey, is this a good match?" And there's a really...