When a prospective buyer finds a business of interest, they will eventually begin obtaining detailed information about the business, such as company history and financial information. When the business for sale is introduced to a prospective buyer, unless otherwise instructed, all company information obtained is considered extremely confidential and is not to be shared with anyone. Once confidential information about the business is to be shared then mutual parties will often sign a Non-Disclosure Agreement (NDA).
Fundamentals of Non-Disclosure Agreements usually include:
Identification of the parties
Definition of what is deemed to be confidential
The scope of the confidentiality obligation by the receiving party
The exclusions from confidential treatment
The obligation to return or destroy confidential information when requested by the disclosing party
The term of the agreement
Contact the BIB Group for more information on NDA agreement procedures.
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Never. We are professional brokers with nearly 40 years in the business broker industry and with that has come trust from all of our clients. We are dedicated business brokers that are always dedicated to protecting client information.
No. Our business broker team are experts in the brokerage industry and have trusting, confidential relationships with all of our clients. We would not ever sell, trade, or otherwise transfer to outside parties your personally identifiable information.