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


Forgotten Expenses In a Home Addition Budget
Items like construction costs, permit fees or debris removal aren't the only expenses to consider when calculating the total costs of a home remodeling project. || Posted August 5 2013


7 Lesser-Known Discounts for the 50+ Crowd
As they age, members of the Baby Boomer generation don't like to admit that they're senior citizens, but they love getting discounts. It's kind of a quandary, because some of the best deals available are reduced prices for older folks. || Posted October 21 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
Portneuf medical hospital ER
Paid: 210.00
they told us that the bill for the ER visit was only $210. later on we receive a bill for $1000. i got around 4-6 blood tests. all im mad about is that they lied to us... [more]
-Gino Smile
Blood Tests Cost
Renovation ducting...never had central AC
Paid: 1250.00
Renovating a guest house that never had central AC, therefore had no ducting...owner removed the ceiling as it had to be replaced anyway... [more]
-CPace
Ductwork Cost
Flu symptoms
Paid: 5932.68
Couldn’t stand headache pain when I caught the flu in March 2019. Threw up pain relievers, couldn’t eat or drink. After 5 hours of pain decided to hit ER... [more]
-GayLynn
Emergency Room Visit Cost
Financing
Paid: 20000.00
How do people afford wells? No one finances?... [more]
-Kourtney
Well Drilling Cost
1 yr 23lb Male Neuter
Paid: 424.08
The price would have been $282.08, but I opted for the blood work and to have it done via laser versus scalpel. I was still surprised by the cost, but I didn't really have anything to compare it to... [more]
-Joelle
Dog Spay or Neuter Cost
Is this cost of tax preparation correct
Paid: 1845.00
Each year our tax preparation cost goes up faster than inflation. we started at $800.00 in 2012 and now our bill for preparing taxes this year is $1,845.00... [more]
-smallbizchris
Business Tax Preparation Cost