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Cost Considerations and Potential Savings
While the cost of drafting an NDA can vary depending on the complexity of the agreement and the attorney's expertise, investing in a well-crafted NDA can save your business from costly litigation and potential loss of intellectual property. Typically, legal fees for drafting an NDA range from $500 to $2,000, depending on the attorney's experience and the specific requirements of the agreement2. However, the peace of mind and protection it provides can far outweigh the initial investment.