Glossary
Non-Disclosure Agreement (NDA)
A contract in which interested buyers agree to keep information received about a company confidential and use it only to assess the takeover. It stands at the start of almost every serious conversation.
Related termBusiness Profile (Exposé)A detailed description of the company for serious potential buyers, including the business model, figures, team and expected price.Next Read moreFinding a successor: How to pass your business into good hands.Next
FAQ
Frequently asked questions
What is a non-disclosure agreement?
A contract in which interested buyers agree to keep information received about a company confidential and use it only to assess the takeover.
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