Significance of a proper NON- Disclosure Agreement in an industry....Real experience a must do by all!!!!!!!!

Hello All,

Firstly introducing myself to all of you magnificent personnel's here, I am Sonam representing a responsible role of Business Development Director in Graphtech BPO.
In due course of time, I have learned that details as minute as process requirements can be used against the welfare of the industry. Initially on our business established we had faced lot of challenges where we witnessed a few complaints in regards to vendors who were never related to us. Though they knew that they were working for/with Graphtech BPO. On inquiring with them, we found out that the details that we had shared were misused & presented to them by different individuals owing on our name. For our authentication as direct client adviser's we used to provide inquiries approaching as vendors with TAX, BANK , REGISTRATION, PAN & OTHER VALID STATEMENTS. Less did we know that we were digging our own grave by using a NDA, which had no payment obligations involved. It went to an extent where our details shared came back to us from different ID's & names.

After constant feedback from various vendors, we started alerting individuals to contact me directly if approached by any one else using our org name" Graphtech". The number amazingly kept on increasing. It worried us to the core. Our statements were distributed & when we requested vendors to stand by , no one revert back to us.

With this we introduced a few strict norms pertaining to our industry:
1)INQUIRIES WITH COMPANY PROFILE
2)ACCEPTANCE OF DULY SIGNED, STAMPED NDA & FILLED accordingly WITH DESIGNATION & A CLAUSE OF PAYMENT ON BREACH.
3) DETAILS, DOCUMENT SHARING.

This was when we realized that our inquiries had reduced below 50% & these were all direct vendors looking for direct sources & were happy to move ahead with the acceptance of NDA. Now our every email, documentations , details are direct & highly secured. Following this we have now entered into a much safer industry to work in.

The reason why I went ahead to share it with all of you. For its time we secure ourselves , which in turn will end with securing others. Lets give this industry some air & space, where one can see each other grow & smile.

Best Regards
Sonam
Graphtech BPO
Business Development Director