Legal Question in Business Law in Arkansas
Non-Disclosure forms
I have a Product that my grandfather invented 50 years ago but he never patented it, a similar product was eventually patented and marketed by others I want to modernize and inprove on my grandfathers product and possibly eventually patent and market this product, The problem I currently have is there are components of the product that I need to consult with a seamstress to redesign/engineer which will result in the revealing of the majority of the product and concept to her and her licenced buisness will signing a Non-Disclosure statement protect me and my ideas at this point in its development. If not what do I need to do keeping in mind that at this time my financial resources are limited.
1 Answer from Attorneys
Re: Non-Disclosure forms
I believe a Non-Disclosure Agreement with a clause or clauses limiting use at this time would accomplish what you are trying to do.
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