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My company has just started meeting with prospective investors, including venture capital firms. Should we insist on the execution of a non-disclosure agreement prior to sharing our business plan?
While these agreements are generally advisable, it is important for companies to recognize that most venture capital firms, and many other professional investors, simply will not sign such agreements. A careful entrepreneur should, therefore, be certain that information shared without a non-disclosure agreement will not impair the company's competitive position.
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