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Subject:
business: effectiveness of confidentiality agreements
Category: Business and Money > Advertising and Marketing Asked by: timespacette-ga List Price: $5.00 |
Posted:
12 Jun 2006 11:48 PDT
Expires: 12 Jul 2006 11:48 PDT Question ID: 737535 |
So I have an idea for a health food product / or 'dietary supplement' (subject to FDA approval -- it's complicated) It's a very simple recipe for something quite yummy and highly nutritious. In running this idea past consultants, potential manufacturers and the like, it's very difficult to talk about it without giving away the ingredients. I know it is recommended and prudent to have each person sign a confidentiality agreement, but really . . . what is to prevent them from telling their best friend's brother, who mentions it to his cousin, who has a pal already in the business, who lives two thousand miles away, and who jumps on the idea like a dog on a bone? Looks to me like a confidentiality agreement is a formality at best . . . what can really give it teeth? *** |
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There is no answer at this time. |
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Subject:
Re: business: effectiveness of confidentiality agreements
From: redfoxjumps-ga on 12 Jun 2006 12:54 PDT |
Coca-cola never said what was in their product for years and years? You need to play up the mystery, decide what you can say, and only say that. Some lawyer can easily you give a document with teeth, but only a fool would sign it. |
Subject:
Re: business: effectiveness of confidentiality agreements
From: nelson-ga on 12 Jun 2006 13:42 PDT |
Well, it allows you to sue for breach of contract, so if you can't make money with your product, you can make some by suing. |
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