Non Disclosure Agreements and Proprietary Information and Inventions Agreements: these are critically important.
Some entrepreneurs use NDAs as weapons to ward off the evil people who will “steal” their ideas. This is using NDAs badly.
Use these agreements to set a positive tone of a budding relationship, but also to make sure a startup actually owns its IP.
Failure to have PIIAs in place means your company does NOT own its IP, leaving the company tremendously vulnerable.