No More NDAs!
BeyondNDA™ is the world’s first business-enablement network. Our members are able to seamlessly engage with each other and exchange confidential information without the need for cumbersome NDAs. No more battle of the forms. No more useless negotiations wasting precious time.
Larry Denny / Chief Legal Officer
“
This is a brilliant idea. Time kills all deals. With BeyondNDA, we get right down to business to get our deals closed! Every business that cares about deal speed should join BeyondNDA.
- Larry Denny / Chief Legal Officer / 8x8
Seamlessly Exchange Confidential Information Without NDAs
BeyondNDA allows members to skip NDAs because all members are part of the Fabric of Confidentiality. The Fabric of Confidentiality establishes the legally required elements to protect confidential information. It consists of a blockchain-based, cryptographically secure record of legal promises that are coupled with established legal principles to create enforceable confidentiality protections. It is as if each member had an NDA with every other member, without needing to sign a single NDA between members.
Join the Network and Go BeyondNDA
Joining BeyondNDA is quick, easy, and free. Join our network of companies that have gone BeyondNDA and are now able to seamlessly engage with each other and exchange information that is confidential without the need for cumbersome NDAs.
Are you BeyondNDA yet?
BeyondNDA’s Fabric of Confidentiality provides all of the benefits of NDAs without any of the inefficiencies and waste. Join BeyondNDA to stop wasting hours and dollars on legal documentation and lawyers’ fees and help other companies to do the same.
Stefan Heck / CEO
“
As a CEO, this is clearly the way to go. We waste too much time and money over NDAs. Incredible how easy it is to do business enabled by BeyondNDA.
- Stefan Heck / CEO / Nauto
Consider this:
The average cost to negotiate an NDA ranges from $387 using solo attorneys to as high as $1,500 (using Big Law)*.
And according to the NAICS, there are nearly 18 million businesses in the US. If every business signed only 3 NDAs per year, and was able to get the low cost of $387 per NDA, that would still be a waste of $21 billion per year.
*Source: ContractsCounsel.com
What is the purpose of NDAs and how does BeyondNDA compare?
NDAs establish a promise between two companies to protect each other's confidential information. This is necessary because exchanging confidential information without having protections in place compromises the information under applicable law as well. It may also affect its status as confidential information under NDAs that companies have signed. So traditional NDAs serve a necessary function, they just do it poorly and inefficiently. Through the Fabric of Confidentiality, members of BeyondND A enjoy complete freedom from signing NDAs with each other while still having the mutual promise to protect confidential information that the law requires.
BeyondNDA surpasses traditional NDAs
| Features | Traditional NDA | |
|---|---|---|
| Protects Confidential Information | ||
| Protects the Disclosing Party | ||
| Protects the Receiving Party | ||
| Termination for Convenience | ||
| Consistent and fair terms | ||
| Cryptographically secure | ||
| No legal team review required for exchange of Confidential Information | ||
| Integrates with company-internal information systems |
BeyondNDA gets you to the agreement faster
No-friction exchange of low-to-medium sensitivity information
Our Fabric of Confidentiality is designed to enable frictionless exchanges of confidential information typical during any budding business relationship. This is when efficiency and speed are most valuable and where lengthy NDA banter slows your business down, doing the most damage. Typically, NDA’s are later replaced by a definitive agreement anyway. BeyondNDA gets you to the agreement faster!
The Fabric of Confidentiality is ideal for:
- Pre-sales materials
- Price lists, order quantities, logistic requirements
- Roadmaps and targets
- Marketing plans
- Forthcoming press releases
- Future expansion plans
- RFIs, RFPs, RFQs
What about highly sensitive data?
For highly sensitive data like source code, formulas, and high-value trade secrets, BeyondNDA is designed to defer to any important NDAs that businesses elect to put in place. If you agree to stronger protections than those offered through the Fabric of Confidentiality, those stronger protections control.
Joining BeyondNDA is quick, easy, and free. And you can leave anytime you want - but you will not want to, trust us!