According to Deloitte, 31% of IT services have been outsourced and these figures keep ramping up. While having much to offer, outsourcing raises fears for business owners, who are naturally concerned about safety of their ideas & know-how. Here comes in handy non-disclosure agreement (NDA). What are the must-haves of an IT NDA? What should you pay attention to? What is non-disclosure agreement? NDA is nothing more than its name implies. It is a legal agreement that is signed by two or more parties, when sharing of confidential information is going to take place. NDA imposes certain legal obligations on the parties to insure that received data is kept confidential. For example, Company A, a fitness center, has hired a software development company to build a mobile app (for more information on mobile app solutions, please have a look here). Company A provides project details so that vendor can evaluate the project (duration and budget). Before disclosing this info to an outsourcing company, NDA is often signed by the engaged in the dev process parties forbidding disclosure of any listed confidential information. With IT outsourcing in mind, NDA is nothing more than a customary practice with standard agreements that can be easily modified depending on your special needs and requirements. Surely, you can always consult a lawyer if you have quite a particular case and any uncertainties. Anyways, let’s have a look at some cases when its usage will be quite effective. Signing non-disclosure agreement makes sense, if you:
Crucial parts of IT non disclosure agreement
A plethora of companies fear to outsource their projects and there is probably every reason to suppose that. However, 89% of clients are satisfied with their outsourcing contracts, according to Whitelane Research. Here’re the main parts of an IT NDA that will insure that you are on the safe side:
o Design & architecture of your company’s software products; o Business plans; o Marketing/ promotion of your product; o Your business policies or practices; o Software products that were released/ unreleased by your company; o Hardware products that were released/ unreleased by your organization, for instance. What cannot be included in confidential information? o Any data that had been known to an outsourcing company and available on the Web or wherever prior to providing this info when outsourcing software development; o Information that was independently developed by an outsourcing company.
o Means of protecting any information received from you , including possible additional agreements with employees of an outsourcing company, that are going to be involved in your project. o Description of software or its components that you provide & share when outsourcing.
Bottom line Non-disclosure agreement is certainly a great way to safeguard your project during the development process and further on. When dealing with a professional vendor, an NDA is often included at the stage of negotiating details after project inquiry has been made. Some software development companies offer a possibility to download a non-disclosure agreement from their official website when filling in project inquiry. Make sure to deal with vendors who take the value of their clients’ information seriously!
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