It is important to control the information flow around ideas that have commercial potential.
Discussing your innovations with people from other organisations, giving talks or publishing information online or in journals can jeopardise the chances of protecting and commercialising them.
Before you speak to a third party about your idea such as a contractor, consultant or a potential licensee or collaborator, a Non-Disclosure Agreement (NDA) – sometimes called a Confidentiality Disclosure Agreement (CDA) – should be in place. This enables the appropriate discussions with a third party to take place but prevents them disclosing the content of those discussions to anyone else.
For further guidance, please get in contact with the relevant UCLB Business Manager for your department.