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If you’re want to protect your idea, you might want to ask the software development firm to sign an ‘NDA ‘ before you discuss anything. Most software development firms are used to doing this, and so it shouldn’t be a big deal if you make this request. Improving Your Software.
Few entrepreneurs or small business owners involve their customers in the productdevelopment process. Yet, if you think about it, customer and/or market input is critical to a product's success. Unfortunately, most of that comes AFTER the product is completed and already being sold. I know what this market needs.
But one of the real advantages from a product point of view is that there’s no legacy to drag along, there’s no revenue to preserve, and there’s no reputation to safeguard. However, once your productdevelops to the point that it can sustain a viable business (congratulations!), Protect Employees and Customers.
If you want to explain your idea to someone in-depth and are worried potential theft, you can get them to sign a non-disclosure agreement (NDA)—a legal document that states both parties intent to keep information confidential. The non-disclosure agreement (NDA). If you need an NDA, you can pay an attorney to create one for you.
what are the most crucial steps to be taken by a new tech startup when outsourcing major part of the tech to IT firms or outsourcing “productdevelopment” eg new social media website project? Near shoring development with your team (ex: your team is based in Canada / India) is cool, but not outsourcing. Then launch.
I hired a lawyer, and he gave us an NDA template and told us that anyone that had knowledge of our proprietary data had to sign it. As I reached out to successful investors and entrepreneurs, I made each of them signed my nifty NDA. And while I knew she wouldnt steal it, I needed to be very careful. So I should be very secretive.
How many entrepreneurs opening words are about how stealth their project is, followed by a 10-page NDA to hear word one? While its vital to have goals and a clear vision, to survive and thrive youll have to keep an open mind and stay agile enough to follow the path where it leads." — Jeff Jackel , CEO, BuzzMob. Guarding The "Big Idea".
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