Privacy issues during partnerships

There are many ways to get partnership for start-ups in SriLanka if we have a nice idea. But is there any privacy and patent rights related issues while sharing our ideas with others while looking for partnerships? How to solve them if there are any?

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Originally Posted by Shamee

There are many ways to get partnership for start-ups in SriLanka if we have a nice idea. But is there any privacy and patent rights related issues while sharing our ideas with others while looking for partnerships? How to solve them if there are any?

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It's depends on your business model and partnership type! You can define all these disposable informations as a clause in your " Non-Disclosure Agreement" ( NDA) as well as if you are concern about the financial terms then put it in your term-sheet document! I would say, don't make it complicated because partnership business always has to rely on both parties mutual understanding and goodwill.