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Hi everyone how are you this video ingoing to be about protecting business ideas how you can do it and whether you should do it get asked on my apps about protecting video protecting business ideas a lot and even though many people are realizing it#39’s not a very worthwhile thing to do most people in some way or another are still private about their ideas so that#39’re still for most entrepreneurs that the idea of protecting they're the concept of protecting their ideas is still uninteresting one because they need it so very quickly IN#39’ll get into some ways to protect your business ideas and their#39’ll talk about whether you should soothe most common thing people use to protect business ideas is and as document called it called NDA it stands for non-disclosure agreement it basically binds the person who assigning signing the agreement they not that#39’re not going to disclose whatever you#39’re telling them about your business the NDA can be between companies and a company in a company it can be between a person in the person and it can be one way or both ways meaning that only one person is protected or two people are protected, and it can be between various organizations like a nonprofit and the person a person in the person you get that#39’s MDA the challenge with the NDA is that if you do have your idea stolen to actually have it be valuable you have to take that person to court and that#39;going to be expensive for you and you#39;relikely not going to win that match unless that person created a big gigantic company which is worth a lot and even then you may not be able to prove that did you know it was your idea that they stole so it#39’s going to be very challenging for you to really kind of like get anything back from that NDA it#39’s me it#39;SME it#39’s more commonly a tool for larger companies the small companies realist time entrepreneurs they usually kind of are not able to get that value back from that NDA and what the NDA does is sort of like puts a barrier between you and the person who#39’s giving you help right if somebody#39’s giving you a help or advice with your business it#39’s harder Roget that help because instead of saying instead of opening your ears and listening and getting the help or something or whatever we want a person to do instead you#39’re just saying hey I can#39’t really work with you until you sign the document and people may not want to sign documents I mean it#39;annoying you know the person feels like you done#39’t trust them mm-hmm many peopled#39’t sign NDA#39’s on principlelike investors are known for not sending in was because this is for many companies that it#39’s impossible that to really like to tell you know ideas sort of repeat, and they're done#39’t want to they're done#39;want to hold like they're done#39’t want to get help to various things you know so many people done#39’t even sign it is additionally their#39’s a large misconception to that#39’s NDA their#39;their#39’s also a large...
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