In determining who the parties to the NDA will be, it is important to be aware of the need for the receiving party to share the information received with appropriate partners and advisors, where appropriate. If a potential buyer verifies your confidential information, it is likely that there are documents containing information that is not the expertise of the potential buyer. Typical examples are legal and accounting documents for which the potential buyer, to make a smart decision, must share these documents with his lawyer and accountant. However, confidential information should not be disclosed to an employee of the potential buyer solely on the basis of that relationship. For example, it can be helpful for the potential buyer to have a key employee to help them evaluate the seller`s business. This does not mean that the potential buyer should have the right to share confidential information with all its employees. For buyers, on the other hand, it is quite normal and normal to seek acquisitions and growth. Confidentiality Agreement – A pact that prohibits buyers, sellers and their agents, in a given store, from communicating to other information about the transaction. 6. The confidentiality terms of this Agreement shall not be construed to restrict the right of either party (without use of or access to the other party`s confidential information) to develop or acquire products or services that may be similar to those described below. The disclosing party acknowledges that the receiving party may, now or in the future, develop information internally or obtain information from other parties similar to confidential information. Accordingly, nothing in this Agreement shall prevent the Receiving Party from developing or having developed for it products, concepts, systems or techniques similar to or in competition with the products, concepts, systems or techniques provided for or embodied in the Confidential Information, provided that the Receiving Party does not breach any of its obligations under this Agreement in connection with such developments. Most agreements are pretty standard.

Potential buyers agree: it is customary for the seller or his intermediary to require a potential buyer to sign a confidentiality agreement, sometimes called a confidentiality agreement. This almost always happens before the seller provides important or proprietary information to a potential buyer. The purpose is to protect the seller and his business from the possibility for the buyer to disclose or use the information provided by the seller, which is limited by the confidentiality agreement. CONSIDERING that the disclosing party (“disclosing party”) wishes to protect the confidentiality of such information and documents, as described below, and to preserve it on the part of the party (“receiving party”). An NDA is usually designed and executed by the potential buyer, but sometimes it is designed by the seller….