Non-Disclosure Agreement (NDA)

NDA or Non-disclosure agreement: Business owners are guarded about giving out information about selling their business to protect their employees, avoid giving their competition information that could help the competition. Many things need to be considered when you have a business to protect. A good broker is extremely discreet with any information he obtains from a seller, which is why any potential buyer must sign an NDA (non-disclosure agreement) before a broker will give the buyer information about a business
he is representing.