Something each and every enterpreneur needs

No, it’s not start-up capital. I mean, yes, of course, we all need a venture capitalist willing to prop our idea with an overstuffed wallet. It’s something else, something I have not considered until I started probing Alibaba.com for possible manufacturer partners of my yet-to-be-revealed toy of awesomeness. I’ve been waking up in the middle of the night, covered in sweat, vaguely aware of some dream in which Velcro yet again stole my idea. I have started the trademarking process with Australian IP Headstart, but it doesn’t hurt to have another bodyguard.

A non-disclosure agreement. NDA for short.

Ever had to sign such a thing? Maybe for an employer, promising not to talk about their dirty secrets in exchange for a wage and medical benefits? In this case, I want a manufacturer to say that they won’t use my design to sell toys to whomever else offers a buck. I know what you gonna say, that an unscrupulous company would sign whatever agreement and then proceed to ignore it. There’s also an argument that I’m in no danger of being copied unless my “thang” goes viral. The way I figured my current state of anxiety could be expressed by the following formula:

f (losing IP) / f (making it big) = trademark * NDA / blue moon

In other words, I don’t know what I’m doing. That means I might as well get an NDA. Question is, how do you get one without paying much/anything for it? Especially when your husband reminds you on a daily basis not to lose the house and/or enquires as to how much money you plan to sink into the new venture.

I started by asking all 5 shortlisted companies on Alibaba if they would sign one. Two immediately replied yes and one sent me theirs. Half of it was in Mandarin, so it means I have to write one. And that means I need help.

As per usual, I started with my free consultant, Google. I searched for a “non-disclosure agreement” and the first search result was from legalcontracts.com. They offered to create free NDAs for my employment, contract work, sale or even an invention. Bingo! It looked good until they asked me to pay for it or get a free week trial, after which I would get trapped into a monthly subscription. Next!

I have added “free” to the search and Legal Vision promised to create free NDAs for Australian businesses. Of course, mine is between me in Australia and some phantom company in China, but at this point, I figured a free NDA is better than no NDA.

And wouldn’t you know it? A free NDA is exactly what arrived in my inbox after a filled in a form! Undoubtedly, it will be followed by overenthusiastic phonecalls from Legal Vision sales department, which I will politely decline by yelling into the phone in an extra thick accent: “No Ana here thankyoumuchhavagoodday!”

My next thought was that “Government should provide these for free!” Turns out it does. Of course, now I have to look at the half-mandarin, commercial freebie and the government handout together and figure out which clauses I want to keep. But that’s what I get for being a cheapskate.

I ain’t losing my house, y’all!

 

4 Comments

Filed under Enterpreneurship

4 responses to “Something each and every enterpreneur needs

  1. Tamara Kulish

    Oh, I’m all for free too! It’s amazing how far one can progress with freebies! Good luck to you!

    Peace, Tamara
    http://www.tamarakulish.com

    Liked by 1 person

  2. draylward

    I use one when I hire assistants. Also, Upwork has them. Email me.

    Liked by 2 people

  3. Olivia Barrington

    Free is the way to go. When your rich you won’t have to worry about free or how much. NDA sure can’t hurt in this world of copy cats. I forgot to congratulate you and Josh on your new home! WOW! That’s great. I’d love to see it sometime You know pics of it. Glad your creative juices are flowing again. Your enthusiasm is contagious. I’m getting the urge to work on some of my ideas. Keep blogging about your progress, love to hear about it. Your on a roll!! 🙂

    Liked by 2 people

    • Thank you Olivia 🙂 I will post some pics, especially cause it’s an old house and every time I paint a wall or change cabinet handles, it looks so much better! I think I’m addicted to continuous improvement…

      Liked by 1 person

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