"I Had That Idea Two Years Ago..."

Have a great idea, but afraid to discuss it with people for fear they'll walk off with it and make your millions? Considering a business deal but unsure of what you should and shouldn't discuss with a potential investor? Or are you about to start a new job and have just been asked to sign an agreement you don't understand?

When a debtor files bankruptcy, he or she is seeking to wipe out all of his or her debts. This is known as a "discharge" of obligations. In order to obtain this discharge, the Chapter 7 Debtor must fulfill certain duties, including filing the forms previously described, cooperating with the Chapter 7 Trustee, and attending a general meeting of creditors. Failure to perform these duties can result in a denial of the discharge and the case can be dismissed.

These situations all have one thing in common: Non-Disclosure Agreements, or NDAs for short.

In today's fast paced business world, when deals are cut over lunch and employees move rapidly from one employer to the next, NDAs have become an important tool to protect what has become the currency of today's marketplace: IDEAS & INTELLECTUAL PROPERTY.

Many believe that, like the proverbial Genie out of the bottle, once business ideas, proposals, and information are released, there's no getting them back. And of course, like the Genie, ideas, proposals, and information are of little value before they're released and openly discussed.

NDA's protect the disclosure of business information in business negotiations, employment relationships and investment proposals without compromising the information's proprietary value to the owner.

We've prepared and reviewed dozens of NDAs dealing with a host of businesses concerning such areas as software development and design, the Internet, sale of businesses, and numerous applications in the entertainment industry.

If you think you have an idea that needs to be protected, or you have been asked to sign a Non-Disclosure Agreement and are unsure of your rights and obligations, please call us.