MBA878 Do You Need an NDA (Non-Disclosure Agreement)?

There’s a new obsession in entrepreneurial circles, and it’s time we looked at it with a critical eye. Non-disclosure agreements (NDA) seem to be all the rage, as independent business people look to protect their new ideas with the legal equivalent of the Great Wall of China. But are they really necessary? More importantly, are they worth the cost and effort? Whether your idea needs protecting— and whether an NDA can actually protect it— are worth thinking about.