Legal Question in Business Law in New York

Dear Law Guru,

I have a business idea... (a non profit) ... and I want to share it with other people in order to get their opinion. However, I know that these people might have an interest in stealing that idea from me. How do I protect my idea from the possibility of it being stolen?


Asked on 6/08/10, 12:58 am

3 Answers from Attorneys
Michael Markowitz Michael A. Markowitz, PC

You may have the individuals sign a confidentiality agreement.

Mike.

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Answered on 6/08/10, 5:19 am
Kevin B. Murphy Franchise Foundations, APC

Any attorney will tell you to have all persons sign an NDA (Nondisclosure Agreement) before you discuss anything. Consult with an attorney in your area for specifics.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

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Answered on 6/08/10, 5:55 am
Daniel Pepper Pepper Law Group, LLC

A confidentiality, or non-disclosure agreement is always advised, however you should remember that it's only a piece of paper. If the other people violate the agreement's terms, you still have the enormous expense of bringing legal action against them (and it may be too late anyway). Your best bet is to use discretion, and disclose only as much as you need to, and assume the worst.

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Answered on 6/08/10, 5:56 am


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