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  • krp67 replied to the topic NDA vs Patents in the forum Consultants and Legal Basics 6 years, 6 months ago

    In the paper we were given by Dr. Simon it stated that Patents help to protect your innovation when you are harvesting the fruits of your invention. However, how do you help protect your invention during the critical phase? This is were a NDA comes in.

    NDAs are quick to do and are legally binding. NDAs state that you can talk about trade secrets. NDA’s can be one-way or two-way.
    Patents have the ingredients of a concept that is original to the inventors. It is legal binding as well. But the purpose for NDA’s is relatively quicker and simpler for specific things to not be spoken upon.