It is quite common for clients and prospective clients to want you to sign a non-disclosure agreement (NDA). If you’re discussing a joint venture or other business arrangement with another company, they may request the same.
Most NDA’s are fairly similar, but it is important to ensure that the provisions are mutual so that you are not placed at an unfair disadvantage. Also look out for additional provisions that may sometimes be included like non-solicitation of employees.
In general, it’s a good idea to have your own standard NDA that you can turn to when a client or prospect requests one. If you’re able to use your own form that your legal counsel has pre-reviewed, it will speed the process along, saving you time and money.
