What Do I Need To Legally Protect My Coaching Business?

Every trade and every businessman has their trade secrets which sometimes need to be shared with their business partners for growth & development. As this is a common business practice, drafting a mutual confidentiality agreement has become part of the routine. But what does a perfect mutual confidentiality agreement consists of? We’ll be discussing those 5 key elements of a mutual confidentiality agreement that makes them rock-solid. Contents Parties to the mutual confidential agreement Definition of the mutual confidential agreement  Obligations and the horizon of the agreement Terms of the confidentiality agreement Consequences in case of breach of the agreement Parties to the mutual confidentiality agreement A perfect mutual confidentiality agreement identifies all the parties to the mutual confidentiality agreement. While the same is quite simple when the mutual confidentiality agreement is between two or more individuals. However, when the same agreement takes place withi...

Essentially, a contract is a written agreement negotiated and exchanged between two parties. In any contract, the enforceability of the agreement must be considered. The consideration is the basic exchange between the parties supporting the contract. Consideration is what one party gives to the other party: money, goods, services, or promises.  What is a Mutual NDA Mutual non-disclosure agreement , or mutual confidentiality, is just a contract in which both parties agree to keep certain information confidential. A Mutual Non-Disclosure Agreement (Mutual NDA) is that both parties share confidential information and both parties agree to keep the other party's information confidential, so the consideration is a mutual commitment made by both parties to maintain the other party's confidentiality.  The terms of the mutual confidentiality agreement  Wondering about what are the clauses that should be included in the mutual confidentiality agreement? Then worry not. We're enlist...

Calling all Coaches – life, business, health and wellness: how are you protecting your intellectual property (IP) – all those hand-outs, workbooks, methods and processes that you worked hard to develop for use with your Clients?  How are you showing your Client’s that you respect and protect the sensitive and personal information they share with you? There’s one document that can do this and give you each peace of mind – a nondisclosure agreement (sometimes also referred to as a confidentiality agreement). Types of Nondisclosure agreements : When one person or business is agreeing to keep information private and confidential – this is a unilateral nondisclosure agreement.   When two people (or businesses) agree to share information, and each keep the other’s confidential – that is a mutual nondisclosure agreement . So, are you a Coach ready to implement a mutual confidentiality agreement or a Client being asked to sign one?   Here’s 5 important things to include or...