fbpx

LETS GET DOWN TO BUSINESS.

Question :
Hey thereIm just starting out, starting up my business.Im approaching different manufacturers for my product as I believe there is a gap in the market for it.how can I protect my idea or product from being taken by the manufacturers and they just make their own?cheersruby

Question submitted 18/04/21 @ 08:29pm
Industry: Legal
85
VIEW
0
VOTE
    • Up
      2
      Down

      Hi Ruby,

      A few things to think about here – protecting yourself against the manufacturer(s), and then protecting yourself against the rest of the world 🙂

      The most common way to cover yourself against a manufacturer would be to have an NDA (non-disclosure agreement) signed off – so that the manufacturer confirms that they have no rights to what you are showing them, and that they won’t copy/mimic for either themselves or another party. Here’s a link to the Kindrik template for an NDA: https://kindrik.co.nz/templates/mutual-confidentiality-agreement/ I’d strongly recommend you contact Averill Dickson to tweak the NDA so it fits your purpose.

      Protecting yourself against third parties once you’re in the market is a bit more tricky – depending on the nature of the product, your options are patents ($$$$), registered designs ($$) or relying on copyright where you can (not much $).

      You really would need to sit down and get a bit of advice around this before you market/sell the product. Happy to have a chat to you in order to steer you in the right direction 🙂

      Cheers,
      Narly

  • You must be logged in to reply to this topic.