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   An NDA is an important legal instrument that is designed to protect all parties involved in a business relationship where disclosure of Intellectual Properties may be involved as a matter of doing business. There are generally three (3) types of NDA's designed to cover these business relationships. These are:

      -Receive Only
      -Disclosure Only

   The NDA agreement needs to become the document that controls how all parties involved in any "disclosure event" (under the agreement) will perform their respective business activities in the presence of Intellectual Properties of the other participant(s). This document must be a signed document, authorized by Officers of the respective participating companies, before any business activities that involve sensitive technology materials begin.

   Although the advice provided here does NOT constitute formal legal counsel, we can provide you with general information that may be helpful to you as you review your legal options. Please consult your attorney on all matters requiring legal representation.

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Michael J. Lightfoot P.C.

Attorneys at Law
555 Skokie Blvd.
Suite 500:
Northbrook, IL 60062

847-934-0604 - Office
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