NDA for Invention Makers: Why You Need One Before a Consultation

What is an NDA and Why You Need One Prior to Any Invention Consultation

As a world-class product development firm, we help startups and inventors create successful product businesses. Thus, we provide plenty of resources to help inventors get started on their journey. One of the things we talked about previously was our Inventor’s Kit. It’s a breakdown of everything you need to know about the end-to-end product development process. If you haven’t read it, you can check the Key Resources section above or click the link here. In our Key Resources section, you can also find other great tools for your invention business. Including a copy of our NDA for invention makers.

Signing an NDA for invention makers.

What is an NDA

An NDA is a Non-Disclosure Agreement. It’s an agreement that is legally binding. This means that the party or parties signing the agreement must obey the terms listed out in the contract. Those who break or breach the agreement will be held legally responsible. In an NDA for invention makers, the party, or parties who sign the agreement all agree that the sensitive information communicated to one another may not be disclosed to any others. It’s an agreement that ensures the relationship between all parties remains confidential. Once all the parties involved sign the NDA, information may be shared with confidence.

NDAs are often signed at the beginning of a business relationship. For example, a new employee at a bank would have to sign an NDA if they’re privy to other people’s personal or commercial financial information. In the case of hiring a product development business, an NDA for invention makers should be signed prior to discussions about your idea.

At MAKO Design + Invent, we take intellectual property protection extremely seriously. So when we say we provide world-class services, it goes beyond just product development. We offer free invention consultations and we do it with the understanding that there may be sensitive information discussed in these consultations. Whether you want to develop a CAD, a prototype, we understanding you’re trusting us to bring your dream invention to life. We don’t take this trust lightly. So prior to this consultation, we ensure the NDA for invention makers is signed. We sign this document with all of our clients to ensure that we have confidential and secure discussions surrounding the invention idea and proprietary information. You can find a template of our NDA here.

About Us: MAKO Design + Invent is the original firm providing world-class consumer product development services tailored to small businesses, startups, and inventors. Simply put, we are the leading one-stop-shop for developing your physical product from idea to store shelves, all in a high-quality, cost-effective, and timely manner. We operate as one powerhouse 30-person product design team spread across 4 offices to serve you (Austin, Miami, San Francisco, & Toronto). We have full-stack in-house industrial design, mechanical engineering, electrical engineering, patent referral, prototyping, and manufacturing services. To assist our startup and inventor clients, in addition to above, we help with business strategy, product strategy, marketing, and sales/distribution for all consumer product categories. Also, our founder Kevin Mako hosts The Product Startup Podcast, the industry’s leading hardware podcast. Check it out for tips, interviews, and best practices for hardware startups, inventors, and product developers. Feel free to Contact Us anytime for help with your project.

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