Legal Question in Business Law in Florida

Re: Business Plan Confidentiality

If you are not sure, don't do it. As to the rest of your question the advice in the prior replies is adequate.

Re: Business Plan Confidentiality

You would be contractually bound by the confidentiality agreement and potentially the business you decide the start could be enjoined by a Court and therefore you would not be able to do that business.

If you need assistance with a lawyer after receiving the confidentiality agreement, please give me a call.

Best of luck.

Re: Business Plan Confidentiality

Your obligations and constraints are governed by the provisions of the confidentiality agreement (CA) you sign - some agreements are very detailed and restrictive, others are more lenient. CA's generally don't prohibit you from starting the same or similar business - only against you using any information obtained in your investigation of the company in your new business. I suggest having the CA reviewed by an attorney, note carefully the materials you receive and make sure you return everything - with a letter summarizing what you had (and also didn't have). Since the business is not operating yet (has no employees, customers, vendors) and is not unique, it would be more difficult for the promoters to claim you misappropriated their confidential information should you start a competing business.

Randall A. Lenz, J.D., CPA

http://www.rlenz.com

404-815-1731