When outsourcing your app development needs, the first and foremost thing you should take care of is protecting your app idea. Now, you must be thinking, how to do that? One of the straightforward and most commonly leveraged approaches is an NDA. To accomplish the protection of their app ideas, businesses are now getting their software development company to sign an NDA.
Today, we discuss everything about this legitimate document, how it works, how businesses leverage it, and why it is helpful. Keep reading to know everything about an NDA in detail.
For the development of your mobile app, you will need a team of expert developers who understand your app idea thoroughly, are aware of the steps, and develop it in a manner that you prefer. For any business, the security of all information related to custom mobile app development services is a significant concern. Hence, businesses now prefer an NDA to keep their app idea safe.
When you are on the lookout for a mobile app development company, make sure that they sign an NDA for the safety of your app.
What Does NDA Stand For?
NDA is an acronym for Non-Disclosure Agreement. It is a legitimate document that contains a contract stating that both the parties involved will maintain the confidentiality of the information shared and will strive to protect the same, irrespective of the circumstances. It abides the party from disclosing any information to a third party. Though the parties signed the NDA to protect the idea of a particular mobile app, it doesn’t stop others from stealing the app idea.
That said, even if your software development partner doesn’t leak your app idea, another business can steal your app idea from the Play Store or App Store itself. Moreover, if you hire a mobile app developer and another business also hires the same developers as yours, they will have to develop the same app for both parties. It is just that they cannot use any information from the NDA.
How to Protect Your App Idea?
We know that an NDA is a legal document that prevents the dissemination of information about the developed products or projects by a vast array of people with whom they have signed an NDA. That said, only the parties involved in the contract will be aware of the app idea and every piece of information related to it, and no other party will ever know anything about the same.
When leveraged correctly, it is one of the robust tools that help protect intellectual property. Also, know that experienced and best mobile app development companies are more concerned about protecting their reputation in the industry than about protecting your app idea. It means they will not steal your app idea by risking their reputation, which they have built for years.
How Does a Non-Disclosure Agreement (NDA) Protect Your Mobile App Idea?
There is no denying that Intellectual Property is one of the most valuable properties that a business owns today. Hence, to protect their Intellectual Property rights, companies are taking all required steps to protect their property at all costs. Entering into a “Non-Disclosure Agreement” is one of the best ways of protecting your property.
This document enables a company to share its app idea only with the parties whose input is needed, and they are sure that the party will not put their idea to risk. NDA signed by both parties ensures that any information or idea will not be shared with a competitor or any third party. Experienced and renowned companies always put the NDA first, even before starting the process, and this helps them protect all confidential information and the interest of their clients.
Furthermore, to streamline and facilitate the app development process, a reputed mobile app development company provides legal documents and forms so that they don’t have to face issues of any kind. They also allow their client to bring in their own NDA before entering into a contract.
NDA Template for App Development
An NDA is a simple, legal document stating that the parties involved in a particular process will protect confidential information and keep it with themselves. An NDA, irrespective of what the business wants to prepare, has almost the same terms and conditions to protect confidential information. That said, you will easily find a template for preparing an NDA on the internet that you can use again and again just by changing the name of the party involved.
When Should You Sign an NDA?
When the process of mobile app development has mutual understanding on both sides and if you have chosen the best company to work with, signing an NDA becomes a subject of less concern. Though there is one thing that you will have to consider is that the terms stated have no unfair provisions.
- While Entering A Business Deal
If you are planning to enter into a business deal with app development or hiring a mobile app developer for your business, you need to make sure that your idea stays protected. That said, if you don’t want the idea of your app to become public, then we recommend you enter into an NDA with your software development partner.
For example, if you want to work with a company that develops apps for the iPhone, you will have to discuss your app idea with them. If you don’t want the idea of your app to be discussed with your competitors, then it will be ideal for you to enter into an NDA.
- While Talking To Investors
Many people preferred this option in the past. Though, this process is unnecessary these days and has become outdated. Most of the investors refuse to sign an NDA for the early-stage discussions. Suppose there is any need to know the private information of organizations, such as the revenue numbers or any specific technology. In that case, you should get the party to sign an NDA first.
Conclusion
An NDA is a legal document that helps ensure that the idea of your app and all critical information related to it stays intact with your development partner. This way, you can also avoid all possible and potential conflicts that are more likely to occur. NDA makes sure that the information related to your business, product/service or consumer data is secured and prevented from spreading.
Data is the most valuable asset that any business has in today’s digital world, and an NDA helps keep it confidential. These days, software development companies prefer getting an NDA signed with their consumers before getting started with the project to make sure the process stays streamlined.
