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How do you trust an investor not to steal your idea? |
How do you trust an investor not to steal your idea? The first part of this is the legal side - the NDA - NEVER NEVER disclose any business idea to ANYONE you are thinking about going into business with without signed NDA's in place. Make them sign and date a contract clearly stating/explaining your original idea and your property right to it. you never can... there is always a way to find a generic version? for the sake of reality dont trust that investor and dont tell them about the idea and test it elsewhere One of the above answers alluded to it.... you need to get an NDA (non-disclosure agreement, a.k.a. confidentiality agreement). Actually, it's best to get a non-disclosure AND non-use agreement -- requires investor to promise not to share your idea with others and also not to use it himself/herself. |
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