Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business sports weddings
CostHelper > Small Business  > Non-Disclosure Agreement

Non-Disclosure Agreement Cost


How Much Does a Non-Disclosure Agreement Cost?

 
low costLow: Templates Can Be Customized for $8-$50+average costMedium: An Attorney Can Customize Forms For $100-$1,000+
post Post   Comments (1)  

If you have important design, technical or other business information you need to share with someone but you don't want that person to pass it along to anyone else, you can have them sign a nondisclosure agreement, which is also called a confidentiality agreement. These legally binding contracts are intended to protect a company's trade secrets.

Typical costs:

  • It's relatively easy to create a document yourself. Companies such as LawDepot.com[1] and Nolo Press provide online forms that can be adapted to your needs for $8-$50 or more, depending on the level of service/advice provided. Be sure the document meets the requirements in your state.
  • If you want a nondisclosure/confidentiality agreement tailored to your specific situation and anticipating potential legal issues, most attorneys charge $100-$300 or more an hour. After meeting with you and hearing the details of your circumstances, a lawyer might quote a flat fee for creating a document, usually anywhere from $100-$1,000. At an hourly rate, a simple, straightforward nondisclosure agreement can be drawn up with one or two hours of legal time, or $100-$600; more complicated situations may require 3-4 hours of legal work for $300-$1,200.
  • Having an attorney review a nondisclosure/confidentiality agreement proposed by the other party with suggestions for changes could take an hour or less, or anywhere from $50-$300 or more depending on how much work is involved and your attorney's hourly rate.
Related articles: Employment Contract, Business Sale Attorney

What should be included:
  • A nondisclosure agreement is either "mutual" -- where both parties are exchanging confidential information -- or one-way, where only one party is disclosing information, such as explaining a secret to a contractor or a potential investorAllBusiness.CBSnews.com discusses when it makes sense to use a nondisclosure agreement.
  • The main elements in a typical nondisclosure agreement are the definition of the confidential information, any exclusions to that confidential information (such as knowledge the employee already has before joining the company), the obligations of the person receiving the confidential information and any time periods involved (such as five years after quitting the company). Nolo Press provides an overview of nondisclosure agreements.
Additional costs:
  • If your lawyer negotiates for you, it might take more time and cost more. A negotiation that could take you about 15 minutes in direct conversation with the other party might require an hour of your attorney's time.
Discounts:
  • Some people cut costs and still get legal guidance by using a free sample nondisclosure agreement to create a document, then have an attorney review it. This works only if you start with a valid sample contract.
Shopping for a non-disclosure agreement:
  • In business law, attorneys who handle legal disputes are litigators while those who handle contracts, securities and other business matters are transactional lawyers. An Illinois attorney provides tips for selecting[2] a business lawyer.
  • Often nondisclosure agreements are handled by intellectual property attorneys. Referrals to intellectual property attorneys are available from Lawyers.com[3] and FindLaw.com[4] .
  • Your attorney should provide you with a written fee agreement; be sure you understand what is or is not included, and all potential costs.
post Post   Comments (1)  
CostHelper News


How Much Do Professionally Installed Holiday Lights for Your Home Cost?
A family from Australia are new Guinness World Record Holders after stringing roughly 31 miles of holiday lights around their home -- more than half a million individual, flickering lights. There are 502,165 lights to be precise. || Posted December 1 2013


10 Most Popular Cosmetic Procedures Before the Holidays
With reunions and other get-togethers scheduled during the holiday season, most people want to look their best at this time of year. For some, that means filling in those wrinkles with a bit of botox, or having a nip and tuck down here and there. || Posted November 23 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments
Sample contract
Amount: $5,440.00 total
Posted by: catherinalucy in HYD, IN.Posted: February 14th, 2013 09:02PM
When i spoke to a lawyer about an legal issue he charged me a lot.The cost is very expensive.rnrnhttp://www.samplecontracts.org/
Was this post helpful to you?   yes     no Report prohibited or spam


 

Comment On Your Experience With a Non-Disclosure Agreement
 
Subject:  *
Amount Spent:  * total
Service or Attorney: Law Firm: 
Fee Per Hour:   
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.lawdepot.com/contracts/confid/?
  2.  www.illinoisbusinessattorney.com/articles/selecting_business_attorney.html
  3.  intellectual-property.lawyers.com/trade-secrets/
  4.  lawyers.findlaw.com/lawyer/practice/Intellectual-Property-Law
More Small Business Topics
Check Out All Costs for Small Business How Much Does Office Cleaning Cost? How Much Does an Event Photographer Cost? How Much Does a Security Guard Cost?

Search Thousands of Topics on CostHelper.com

 
Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Power Washing
Paid: 280.00
Highly recommended.Jerry came and gave a free estimate. They pressure washed my walkway and driveway which is nice size and patio area. Did a fantastic job... [more]
-John Anderson
Pressure Washing Cost
Married license
Paid: 42.00
We getting married... [more]
-Christina battles
Marriage Certificate Cost
annual physical
Paid: 160.00
annual physical, did routine check, I ask about some cancer screenings, did some blood work, went back a week later. told me I was fine... [more]
-
Annual Physical Cost
Neuter mix breed male puppy
Paid: 580.00
Just got this estimate for my scheduled procedure this week. So glad I looked here. It does include an overnight stay but this just sounds exorbitant... [more]
-Florida Pup
Dog Spay or Neuter Cost
Snake problem
Paid: 0.00
Good smack with a shovel problems solved... [more]
-
Snake Removal Cost
Extraction & Bone graft
Paid: 4200.00
12 teeth (upper) extracted. Felt pain of every tooth being pulled. Worse Dental experience ever. Had Novocain and Laughing gas. Told dentists I was in pain and she just kept shooting more Novocain into my gums. Told a total of 5 hours... [more]
-denydisco3
Dental Bone Graft Cost