Pitching Ideas? Use NDAs Like This, Not Like That

[@drdeak]

I have never failed to get a company to sign "my" energy harvesting generator NDAs with a reverse engineering clause and a non-compete clause.

[@inventRight]

@@drdeak that’s wonderful. Congratulations.

[@ThisGuyGetsIt94]

Stephen, thank you, this is the exact video I was looking for in my situation. How amazing is it that you just posted this 2 days ago? I'm commenting this from a hotel room at a trade show getting contacts to send information to! I've followed all of the advice from your 3 books and your KZbin channel to file 2 PPAs and 1 Trademark! I was stuck on the next part: Okay, I met the right person, and I have their contact info, but I can't just send them everything right? Now I know to say how great it was to meet them, and politely ask if we can sign a standard mutual NDA to protect both of our interests, and they will likely provide one, and we can move forward from there. Thank you Stephen! Edit and thank you Andrew and the team for all of your help!

[@inventRight]

Wow! That is great timing. Keep Inventing! - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

[@scottymac62]

Thanks Stephen!

[@inventRight]

Thank you!

[@patm1669]

Very well explained Stephen, thank you!

[@inventRight]

Agreed. Stephen did a great job. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

[@sadeghyeganehzadeh289]

Informative. Great. Please do more such videos. Focus more on terminologies and information we will need to know a product developer. Also make more on how to write a good business-perspective PPA (with examples). Thanks.

[@inventRight]

If you are looking for help with your PPA, please consider our program SmartIP - it produces excellent results, is affordable, and was co-created with leading patent attorney Gene Quinn: inventright.com/patents/

[@donnabeattiedreamerbydesign]

Thank you Stephen 🙌

[@inventRight]

My pleasure!

[@araceliberre4544]

Wow wow, gracias

[@inventRight]

Thanks for the kind words for Stephen. Keep Inventing! - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

[@jonsmith7718]

great advice thanks :)

[@CameronManu]

How long should we expect to wait for a response once a company reviews your sell sheet/email for consideration....2 weeks - 3 weeks? & what should we do in the meantime thankyou :)

[@inventRight]

It all really depends on the time of year, the category, the complexity of your product idea to evaluate. You should ask them.

[@jerrysanders9101]

It can take many months as Stephen suggested.

[@inventRight]

Please note every situation is different.

[@jessenorthcutt9926]

. . . In my 'comment' (above), l meant to say P.P.A. (!), NOT nda ! . . . (?)

[@inventRight]

No worries. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

[@dazrmorrison9558]

Camera repeatedly out of focus 😢

[@inventRight]

It’s probably my lousy camera.

[@jessenorthcutt9926]

. . . But, Stephen, Gene ('ipwatchdog') argues against refilling an NDA (clarification needed !) . . . 😮

[@inventRight]

Please give me more information. Thank you.

[@jessenorthcutt9926]

. . . Just noticed I incorrectly referred to NDA , I actually meant to say P.P.A. (!) ; as you did refer to 'refilling' P.P.A.s in the vid. . . . (?) ​@inventRight

[@ThisGuyGetsIt94]

@@jessenorthcutt9926 You're correct that Stephen refers to refiling a PPA. However, he refers to it as a Last Case Scenario, in case you have not got your product to market within that year of filing your PPA. And he only refers to it because he mentions that if you got an NDA (Non DISCLOSURE Agreement) then technically you have not PUBLICLY DISCLOSED your idea from your PPA, and therefore you would have the LEGAL RIGHT to refile :) hope that helps! And someone please correct me if I got anything wrong!

[@jerrysanders9101]

Shouldn’t you have your own corporate attorney look at their nda and make track changes if need be before you sign it? If you make it that far with a large company? Seems logical and as you said gives appearance of professionalism. Hopefully wouldn’t anger the company but if they’re interested they’re interested it would seem. Thanks Stephen!

[@inventRight]

Most NDA’s that are provided by large companies won’t change some of the issues. Could you imagine them changing things and their NDA for every person.