NDA between 2 Members of an LLC

NDA between 2 Members of an LLC

Myself and another person are member owners of an LLC in the state of texas. The
other person is whose ‘idea’ the company is, but we have decided to be 50/50
partners in the venture. We have already filed the articles of incorporation. My
question is, what is the cheapest/easiest way to setup an NDA that would state
that neither he nor I can discuss company specifics with others. Should it be
created as part of an operating agreement provision, or can we customize a basic
NDA form. The problem i’m running into, is most NDA’s are between individuals,
or between a company and an individual i’m not sure how this would work since
we are both company owners.

Asked on January 7, 2019 under Business Law, Texas

Answers:

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