3 Times You'll Need a Standard Non-Disclosure Template
Let's talk through three times when you'll need a standard non-disclosure template on hand. By the end of this post, you're going to really have a good grasp on the three different times when I think you should have an NDA on hand.
So what's an NDA?
NDA just means non-disclosure agreement. It's also called a "confidentiality agreement," and it protects your confidential information. And there are three scenarios where I really see that people need to have kind of a standard non-disclosure agreement on hand where they can change it as needed and send it off.
Employee or Contractor Onboarding
The first one is when you're bringing on an employee or a contractor or somebody who's going to help you, but will have access to confidential information. Whether it's sign on codes, access to social media platforms, access to client marketing, data, and analytics, all of that confidential stuff. When you're bringing someone on board that has access to it, you'll want an agreement in place. Why? Because if you don't have it in writing, then your confidential information could lose its confidentiality status. Yikes!
Access to Confidential Information
The second time you might need a non-disclosure agreement? When you're trying to figure out whether you even want to do business with someone. I call this "evaluation purposes." And basically, you want to feel out whether this is the right person for the job or the right person to partner with. But you know that you have to share at least some confidential information with them in order to even figure out if they're a good fit.
Mutal NDA
The third scenario is just like the second scenario, except you're both kind of feeling each other out. And you're both going to be exchanging confidential information. That is called a "Mutual Non-Disclosure," where you are mutually agreeing to keep each other's mutual confidential information, confidential.
And by the way, if you need those non-disclosure agreements on hand, I've got a little NDA bundle for sale in my contract kit shop.