Necessity of filing a patent
As a technology startup, your core technology may be the company’s largest asset and the cornerstone of the business. Owning patents or applying for patents demonstrates the company has cutting-edge technologies and is investing in developing and protecting its IP. A strong patent portfolio can boost a company’s value and help attract investors. Patents can also establish your own technology territory and prevent or deter others from entering the same business to compete with you.
NDAs
A non-disclosure agreement (NDA) is an agreement between two or more parties to not disclose to third parties the confidential information exchanged between the parties. These types of agreements protect non-public business information. The agreement can be one-way, where only one party is disclosing confidential information to the other or two-way/mutual, where both parties are disclosing confidential information to each other. NDAs also can be referred to as confidentiality agreements, confidential disclosure agreements, proprietary information agreements or secrecy agreements.
