Non-Disclosure agreements

When discussing ideas that have commercial potential, it is important to control information flow. Discussing ideas with people from other organisations, giving talks or publishing information online or in journals can jeopardise the chances of protecting and commercialising your idea.

If you and your business manager need to speak to a third party such as a contractor, consultant or a potential licensee, a non-disclosure agreement (NDA) –sometimes called a confidentiality agreement (CDA) – will be put in place to facilitate the discussions. Having an NDA or CDA in place allows discussion about appropriate information with a third party, and stops the person or organisation you speak to from telling anyone else about the information disclosed to them.