Should You Sign a NDA when Buying a Business?

Nda Contract

There are some steps in the business for sale process that benefit both the seller and you, the buyer. These steps protect the seller from “time-wasting” buyers, and the buyer from acquiring lemons. One of the most important questions when buying a business is “Can I see your financial statements?” Numbers provide vital information to help you decide if you should buy a business. Even if a seller has placed the business on the market, he or she remains reluctant to share highly confidential and sensitive records to any potential buyer. If the seller thinks you are a credible prospective buyer, he or she will let you sign a business non-disclosure agreement before the company’s proprietary information will be opened to you.

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Whether you are a small to medium sized business owner looking for a confidential and cost-efficient way to sell your business or an individual or corporation looking to acquire an enterprise, contact Investiprise today to find out more about how our business brokers can help you achieve your goals.