For many CEOs or executive teams, the biggest concern during any deal process is confidentiality. Whether you’re raising capital or selling part of the business, you usually don’t want your proprietary information leaking to the market, competitors or employees.
The process of interacting with almost every third party usually starts with an NDA. What isn’t always immediately apparent is that how you interact during the NDA process can have a significant impact on the rest of the relationship and any future negotiations.
As a business owner, understanding exactly what is in an NDA and what should be left out of the NDA can help you understand where to push, where to give in and how to interact during the early part of your third party interactions. To simplify the process, we’ve written the 9 Clauses to Include in Your NDA.