What Do I Need To Legally Protect My Coaching Business?

It’s important to remember that the best way to keep something secret, is to keep it to yourself. So, always try to limit how much information is shared and with whom. When that can’t be done, an NDA is your next best protection. Let’s start with the basics. What is a  nondisclosure agreement  ( NDA )? Simply put, it is exactly what it sounds like — an agreement between parties to keep information confidential. So, what makes it mutual? A  mutual nondisclosure agreement  is one where both parties share confidential information with the other, and each agrees to keep the other party’s information secret. What goes into a mutual  NDA ? Clearly describe what information will be shared and will be considered confidential for each party. Explain what is NOT considered confidential information. Describe why the information is being shared and how the information may be used by the other party. Clearly state the length of term of the agreement — and what must be done w...

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...