Confidentiality agreements

What are confidential disclosure (CDA) or non-disclosure (NDA) agreements and why are they important?

A confidential disclosure agreement (CDA), sometimes called a non-disclosure agreement (NDA), is a legal document for the protection of proprietary information. Such a document is necessary before any transfer of proprietary information is made from one party (such as a university researcher) to another (such as a corporate representative). Otherwise, the transfer of proprietary information, even in a casual conversation, could legally be considered a public disclosure. In the worst case, such a disclosure could allow the individual or company to whom this information was disclosed to use or transmit to others your confidential information, thus placing the invention in the public domain. This would preclude the possibility of obtaining intellectual property protection. It is important to contact CoMotion before disclosing to another party any confidential proprietary information about a commercializable innovation. For a confidential disclosure agreement (CDA) please contact the innovation manager at CoMotion who is working with you, or email CoMotion to talk to an innovation manager.