Why an NDA? Part 2
By Brad Griffin, VP/Product Development, Practicon, Inc. In a series of upcoming articles, I’d like to recall and share some of my experiences as a dental product developer since 1987 and some basics about how our own product development process works at Practicon, Inc. Disclaimer: Let me say that I am not an attorney, and I do not have a crystal ball or the Midas touch. That much is a proven fact. Free advice is worth the cost, but maybe something herein will help someone who is equally excited about an idea for a better “mouth” trap. I n my last article, we discussed a Non-Disclosure Agreement (NDA) as a tool that allows an inventor to share his/her idea with another party, establishing that the information will be held as confidential and considered proprietary to the inventor. We examined why an NDA is important for both inventor and evaluator (Practicon). This week’s article ventures a bit into the weeds, but I wanted to answer a common question concerning most NDAs, including P...