I do think if you go around trying to get investors to sign a confidentiality agreement before reading your business plan, you’re not going to get very far. Besides, if your idea is that great, then you can either register it under the intellectual property rights or create a brand that cannot be easily copied. The average business person has hundreds of ideas, and often more than they can ever execute. I am saying this to make you realise that stealing someone’s idea is not as common as people try to make out. I’m not suggesting that you have no uniqueness in your business. But I can tell you for sure that your idea is not as rare as you think. I know that most people won’t want to hear this because everybody thinks their idea is the best thing that has ever been made. We didn’t want to be liable for so many bogus claims. He figured that there were any information leakages, it gave the individual the right to file a legal claim against our organisation. Therefore, occasionally we had somebody who wanted us to read their business plan but required a signed confidentiality agreement. The reason why I mentioned this was because we were a government agency that helped individuals start in business. I understand that they sold some of their shares to Coca-Cola. I used to work for an organization that gave the juice company Innocence, their first seed capital.
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