Every time that you agree to a non-disclosure agreement (NDA) on Idealist, you are agreeing to a legally-binding agreement that you will not disclose any information about a project that you read. Each NDA constitutes an oral contract, and is therefore valid in a court of law. If you do share this information or use it in any way independent of the user who posted the project (referred to in the NDA as the ‘Disclosing Party’), you will be in breach of this non-disclosure agreement. As a result, Idealist reserves the right to trace the record of all accounts that agreed to the NDA and establish a connection between this account and the breached agreement to assist in the prosecution of the guilty party.
Idealist will assist members that feel that their NDA has been breached as far as it can, but Idealist is not liable for any breach of non-disclosure agreements by its users.
All projects on Idealist are split along an equity agreement between one user and another. When businesses on Idealist are incorporated, they must be done in accordance with the equity deal reached on Idealist. As the equity agreements on Idealist constitute an oral contract, Idealist will keep a record of equity agreements in order to ensure that projects are split along the correct lines once incorporated. If projects are not split in the agreed way, Idealist will supply the necessary information to ensure that legal action is effective in ensuring that the business is eventually divided correctly. If an Idealist project is not incorporated, the profits from the business must be split in the agreement reached on Idealist. Again, if it is not split in this way, Idealist will supply the necessary information for legal action to result in the correct allocation of profits from these Idealist projects.