Protecting Business Ideas Legally

Summary

To protect your business idea, document any verbal agreements and gather witness statements. Consult with an attorney to draft a formal Non-Disclosure Agreement (NDA). If the individual refuses to sign the NDA, consider the potential for legal action if your idea is misused. Connecting with a local attorney can provide guidance on the best course of action to safeguard your intellectual property.

Full Conversation

I have a buisness idea worth alot. I met a guy and he seem to have the skills and desire to help me with my idea. In a room full of people i agreed tk share my idea with him if he agreed inftont of three witnesses to sign a NDC agreement within a short period of time and verbally agreed not steal or share my idea. Two weeks later i asked him to sign it and he is refusing with excuses. What is your advise to me
Hey ****! It's crucial to protect your business idea. Here are some steps you might consider:
- Document your verbal agreement and gather witness statements.
- Consult with an attorney to draft a formal Non-Disclosure Agreement (NDA).
- Consider the possibility of legal action if any misuse of your idea occurs.
Would you like to explore connecting with a local attorney to help you with this?