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Intellectual property lawyers can assist in the setting up of non-disclosure agreements regarding intellectual property.
It is often not possible to share an idea with another person simply because of the risk that the person will decline to invest at first, and suddenly just after use the idea without paying you for it.
Unfortunately not all inventors, designers, writers, film producers, and computer programmers have the capital they need to commercially develop their intellectual property.
They must then approach another party for the marketing part or input for commercial development.
With the risk always eminent that someone can steal the idea, it is first and foremost essential to register the work for the appropriate rights. Once done and the registration is pending, you can start to find investors.
During this stage the intellectual property lawyers used for the registration of the patent, trademark, copyright or design, can also be involved in setting up a non-disclosure agreement. Never share the idea with anyone unless they have signed the confidentiality agreement. The input of parties may be essential and as such it is important to have an agreement in place to allow you the freedom of sharing the information with the parties.
The wording of the non-disclosure and confidentiality agreements is important to ensure full protection against breaches. For this purpose it is important to have intellectual property lawyers set-up such agreements and where necessary attend the meeting where information will be shared.
If you need the assistance of experienced intellectual property lawyers to assist with non-disclosure agreements contact us at Smit & Van Wyk today.
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