Be very guarded with your business
There are different documents that you should be aware of when building your business. One is a non-disclosure agreement, another a no-competition agreement, a partnership agreement and more. Below are a few you should be aware of.
Partnership Agreement.
In starting a business quite often someone has a bright idea and they need to find someone with deeper pockets to help get the ball rolling. When the two parties decide to work together it can be very beneficial for both parties yet it can also be very challenging as the parties are putting in two different things. One is usually putting in the time and the other is usually putting in money. Maybe both are putting in the time and have differing skill sets. Well, it can take some time and should take some time to iron out all of the details of who is responsible for what and an agreement needs to be met, preferably on paper, this way there are no questions and everyone remains happy.
Non-disclosure agreement
A non-disclosure agreement is an agreement between your company and your investors or any party in which. You will be sharing confidential company secrets. A non-disclosure agreement is also good for employees or contractors that may be working in or on your business. It’s very easy for information to get Leakey out into the world and before you know it someone else or some company has taken your idea and run with it leaving you nothing. It’s very easy to give up privileged information especially to people who you think you can trust. You meet them at a special event or you’re looking for an investor. Wham and your information is gone. A non-disclosure agreement may not save you in a court of law or give you grounds for a law suite but it could make the other party a little more cautious about sharing your information.
Independent Developer or Contractor Agreement.
This agreement can be very important depending on your business. Think of it this way, if someone writes some code for your website application does that code belong to you or to them? It’s a tough question considering that there are times where we hire people who know more than we do. If that code is written by someone else they could by default own the copyright even tho you asked them to do it. That code could be worth a percentage of your company. Even tho you paid them to do the work and you were the one requesting the work be done does not mean that they gave up any and all claims to the work. So before getting anyone to do any work on your business that could be in any way construed as theirs make sure you have a written signed agreement in place. This document could save you thousands of dollars.
Terms and Conditions
Terms and Conditions is a document that should be placed on all websites and applications. The easiest way to do up a set of terms and Conditions is to copy some off of another website and then reword it to suite your needs.
Privacy Policy
The Privacy Policy is another document that should be present on all websites and in your applications as well. This document is also fairly easy to acquire, just do a search for “privacy policy” and something should come up. Then again alter it to suite your needs.
Contest Rules and Regulations.
Want to give away a new car, some money, a trip for two to some exotic location? There are rules to follow for that as well. Make sure you find out about them for your location or you could end up getting burned.
All of the documents listed here are fairly easy to come by and it’s good to have them In place before driving traffic to your site or business.
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