Find out the definition of a non disclosure agreement and when they are used.
What is a non disclosure agreement and when are they used?
Non Disclosure Agreements or NDA for short are documents that companies use to protect their confidential information. So if my company has some proprietary or confidential info and I want to share it with you, maybe we are thinking of starting a venture together, I may ask you to sign an NDA.
In that agreement you say you will only use the information we agreed to. In this case, looking into going into a venture together. You will not use the information for your own commercial advantage and you will not share the information with others. They can be provisional or definite.
The main crux of an NDA is what I told you about. I'm giving you some confidential info so don't use it for your own advantage. Now start-ups want to use NDAs with investors.
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Brett A. Cenkus has 20+ years of experience in business law, finance, and entrepreneurship. Through Cenkus Law, PC, he provides advice and services for mergers & acquisitions (M&A), securities offerings, founders’ agreements, and other general business law issues.
Through Braaten Woods, LLC, Brett helps business owners in the lower middle market ($2MM - $25MM) position themselves for sale, find buyers, negotiate, and close M&A deals.
Brett also maintains merger-resources.com, a site packed with free articles, videos, checklists, deal diagrams, template contracts, and other tools to help pass M&A knowledge to others.
Brett regularly consults with entrepreneurs and invests his own capital as an angel investor.
From 2010-2013, Brett served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006, he and a partner founded and built Paragon Residential Mortgage. Bridge Investments acquired Paragon in 2006.
Brett holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania.
Brett lives in Austin with his wife, Cathryn, and his daughter, Elle. He enjoys reading, squash, classic movies, great food and wine, and the New England Patriots.
