The Importance of an Online NDA

As you know an NDA, or non-disclosure agreement, is an incredibly important document

Without an NDA, your clients are left vulnerable

This tool is key for protecting a whole range of non-pubic information. Everything from financial information and business property information to information regarding intellectual property, such as products, software, programs and manuals, business operations and business plans can all be protected through an NDA.

A Tool That is Often Overlooked

Many brokers fail to take advantage of online NDAs. And once you begin using them, you’ll wonder what you ever did without them. An online NDA is a fantastic way to quickly gain more information about prospective clients. You can learn more about a prospective client’s industry, get an approximate idea of how much they are willing to spend on acquiring a business and more.

Gain the Advantage of Speed

If you send the NDA via fax, email or old-fashioned postal mail, of course you’ll have to wait until you have the signed NDA back before revealing information.

In the digital age, this process seems annoyingly slow. This factor underscores the benefit of using an online NDA system, so that you can begin the flow of information instantly. This will bring you one step closer to successfully closing deals.

An Online NDA is a Respected Legal Document

Keep in mind that in the digital era the government, in general, makes little distinction between physically signed documents and electronically signed documents.

There are, however, a few points to keep in mind when it comes to electronic/digital signatures. For example, both parties must agree to using the electronic/digital signature format and you can’t force another party to agree to do so. In other words, if your prospective clients agree to using a digital signature then you should be in good shape. If they don’t, you can always resort to doing it the old fashioned way.

No doubt, there are substantial benefits to setting up and consistently using a online NDA. In terms of tools that can make your life easier while simultaneously boosting your productivity, it ranks at the top of the tools that you can easily integrate into your business.

Further, an additional important point is that an online NDA will help to showcase to your clients that you are on the cutting-edge and using advanced tools. It is a subtle touch. But it is one that will likely be noticed and appreciated by prospective clients.