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Non disclosure agreements

  • 27-09-2015 11:27am
    #1
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭


    Alright everyone.

    Business idea I have is starting to snowball but there are a lot of secondary sources that the business require before being fully up and running i.e. Non exec directors etc.

    What I am wondering is, is an online Non disclosure agreement w/electronic signature as valid as a paper NDA w/written signature?

    Also is it a good idea to use electronic over paper?


Comments

  • Registered Users, Registered Users 2 Posts: 8,035 ✭✭✭goz83


    Alright everyone.

    Business idea I have is starting to snowball but there are a lot of secondary sources that the business require before being fully up and running i.e. Non exec directors etc.

    What I am wondering is, is an online Non disclosure agreement w/electronic signature as valid as a paper NDA w/written signature?

    Also is it a good idea to use electronic over paper?

    Upload form > Form printed > Signed manually > scanned > emailed back to you.


  • Registered Users, Registered Users 2 Posts: 112 ✭✭Duckett


    You may find the following advice helpful - see link below

    http://us10.campaign-archive2.com/?u=0d532d36746cf4d682bca381a&id=92850256cc


  • Registered Users, Registered Users 2 Posts: 249 ✭✭gargargar


    I would agree with goz83. Print, sign and scan is best. NDAs are not really worth much anyway.

    Also you need non exec directors out of the blocks? That is unusual.


  • Registered Users, Registered Users 2 Posts: 735 ✭✭✭aaaaaaaahhhhhh


    gargargar wrote: »
    I would agree with goz83. Print, sign and scan is best.
    Figured it was that simple, it was more so Electronic signatures vs written that I was concerned abt. but yea I think goz83 is right there
    gargargar wrote: »
    NDAs are not really worth much anyway.
    Exactly what my solicitor said today. They are worth Feck all.
    gargargar wrote: »
    Also you need non exec directors out of the blocks? That is unusual.
    Was advised "Anyone" that you are releasing information related to the business including numbers etc, get them to sign


  • Registered Users, Registered Users 2 Posts: 2,370 ✭✭✭micosoft


    Duckett wrote: »
    You may find the following advice helpful - see link below

    http://us10.campaign-archive2.com/?u=0d532d36746cf4d682bca381a&id=92850256cc

    I'd second Niamh's blog. I'd walk away from anyone looking for me to sign an NDA for a startup. Not only are they unenforceable for the most part they scream amateur and out of my depth.


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