How to Solve Your Business NDA Process
When handled correctly, non-disclosure agreements (NDAs) protect your business, retaining control of valuable financial information, employee data and intellectual property.
But NDAs are also a source of risk for every business. Why? Because they’re rarely created, processed or stored the right way.
Worse, as business moves remote, risk accelerates. So how does your NDA process keep up with a fully distributed team that is still expected to deliver results and get things done?
Once you see how seamless and easy and intuitive Ironclad is… you will be hooked quickly. You will literally ask yourself, why didn’t I do this much sooner?
— Elyssa Dunleavy, L’Oréal Assistant Vice President, Associate Counsel
Everyone wants an NDA template that works
Used for everything from candidate interviews to sales demos, NDAs are the most common business contract (HBR, 2018). In fact, 50MM employees are bound by NDAs (over one-third of employees in the US).
Anyone who’s sent or signed an NDA probably did so without a good sense of what’s actually in the agreement. No wonder when NDAs are complicated, broadly written, ever changing and full of outdated legal language.
Challenge: NDAs both slow down and add risk to your business.
The fallout from poorly managed NDAs may be minor, a stalled deal or two. Or it can seriously impact business like:
- Lost deals and revenue.
- Wasted legal hours — the typical NDA process takes up to 30% of a General Counsel’s time).
- Tarnished reputations and relationships.
- Embarrassing, expensive and distracting litigation — signing a broad, poorly worded NDA opens employees up to legal risk beyond what trade secret law otherwise would protect.
Even scarier: without proper guardrails, contract templates can be manipulated without permission or agreements signed without Legal knowing.
We’re only a couple of months into rolling out Ironclad for NDAs, and we have standardized and automated our templates, implemented e-signatures, and have an integrated end-to-end solution for our NDAs. It has been incredible.
— Anushree Bagrodia, Mastercard Legal Transformation Lead and Senior Managing Counsel
Could common contracts be YOUR business’ strategic advantage?
The future belongs to companies that act quickly to control their contracts. What would you do if you could solve the NDA problem forever?
Enter Ironclad. Our digital contracting platform drives efficiency, lowers risk and helps you take control of your own destiny by empowering your business to create, handle, store and analyze your contracts. You can:
- Fast-track the entire NDA approval process — Streamline internal and external approvals and complete contracts up to 10 times faster than before.
- Launch a time-saving, repeatable NDA process — Build, deploy and store your company’s custom, Legal-approved NDA template workflow in just minutes. Without the risk.
- Empower digital contracting across the organization — Help business users generate NDAs (and contracts of all types) on demand, while protecting the business from the inherent risk of rogue contracts.
Make your NDAs quick & easy — launch one in 5 minutes
Here at Ironclad, we want to show you what makes us the most modern and intuitive contracting solution on the market. That includes creating and handling NDAs, one of the contracting lifebloods for every business.
By removing the guesswork from these contracts, Ironclad helps companies like yours protect their key assets, reputation and business — without bogging down Legal in paperwork.
See the Ironclad difference for yourself, up close.
Get started in seconds with our self-guided flow. In minutes, you’ll go from creating your first agreement to signing and completing it.