Nkunga BDK MFUMUA NDUNGUNU KULUMUKA

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Watch more Business Communication videos: http://www.howcast.com/videos/429833-... • Create a standard non-disclosure agreement, or NDA, to protect your confidential business information from disclosure to outside persons or entities. Make sure your NDA complies with your state laws. • Step 1: Decide if your information requires an NDA • Decide if your information requires an NDA. For example, does your trade secret give you a competitive advantage in the marketplace? If not, you may not need a legal document. If it does, however, you want the secret to be legally protected. • Step 2: Know about standard NDA types • Know about standard NDA types. In a one-way NDA, only one party is making a disclosure. In a mutual NDA, both parties reveal confidential information. • Tip • An example of a mutual NDA might be that you reveal your soft drink recipe to a beverage company. In turn, they reveal their marketing strategy. • Step 3: Learn common NDA legal terms • Learn common NDA legal terms. The discloser and recipient are two NDA parties. A statement of reason describes the NDA's purpose. • Tip • A penalty clause is optional, and states the compensation amount for a breach of confidentiality. • Step 4: Search online for NDA examples • Search online for NDA examples. Many places, such as the Harvard Business School, make examples available. Use these samples as models when drafting your agreement. • Step 5: Buy an NDA template • Buy an NDA template from online legal services like NOLO or LegalZoom.com if not confident in your draft. Fill in the template with your confidential info. • Step 6: Go to the American Bar Association website • Go to the American Bar Association website to find a member in your state that specializes in contracts if you are still not confident creating your NDA. A good attorney will make sure that your NDA is legally binding, and you can rest certain that your trade secret is protected. • Did You Know? • Coca Cola's secret formula, code named Merchandise 7X, is kept in a guarded Atlanta bank vault.

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