The business plan non-disclosure agreement is a document that restricts any individual from divulging proprietary information that is shared through a business plan. Lets say for example, that an entrepreneur is starting a new company and would like to run their idea by a colleague or friend, the only legal way for that business plan to be kept confidential is by the 3rd party to sign a non-disclosure. If after signing the agreement the Recipient of the business plan shares the information contained in it with anyone else the entrepreneur that created the business plan would be entitled to seek damages usually resulting in a monetary gain.
How to Write
Step 2 – In the 1st paragraph write the name of the business or individual that is sharing the business plan.
Step 3 – Enter the name of the person or entity that is receiving the business plan.
Step 4 – The person or entity that received the plan must sign, print, and date on the bottom of the form. After the signature of the receiving party the agreement is complete.