Protecting business and business deals - why security NDA Non compete clauses are important

Nation building via learning and being the best in business

We have stories about companies getting under or being slowed down by competitors getting in their board.  Like Samsung a primary supplier for Apple, who learned their secret and made their Samsung phone faster and better than Apple or Google executive sitting on board of an Adroid company and later on applying the technology to their Google product.

Stories are replete of these events and I see for myself events or stories that surround our business deal

For example in contracts making and drafts, the other parties try to obtain hard copies of the agreements and very clearly they do not understand the deal.  Why.? Such contracts are expensive to order from a law firm and eventually they will learn to use this to expand their business, and or get a better deal from future partners.   

Or that conflict can arise because some other parties got wind of the deal.  And they can oppose the deal in offices of the regulatory bodies

So better include:

NDA  -  "This transaction is private and confidential, and contents of this document and negotiations being conducted shall not be revealed to the public and/or 3rd parties without consent of the future contracting parties"

IPR  "  This document and the contents herein are the intellectual property of the owner and shall not be used without the author's /owner's written consent.  

Fair enough protection.

A competitor was planning to sell his adjoining property to us and wants to get hold of our financials and process.  Should we give.   I said no.   What would you do?

Would a non compete clause be enough?

For emplyees, the three clauses they say cant keep the employees from squealing on you.  Others prescribe keep on improving, Keep on innovating.