Confidentiality Agreement;sale of business

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A Confidentiality Agreement: the first document to use when discussing a possible sale or purchase of a company. This form, while comparatively balanced, gives some favor to the prospective Seller. The business points--both those in the agreement and those missing--and the possible business effects to both seller and buyer are essential to think through before beginning to share confidential with others regardless of trivial a specific disclosure might seem. (For example: suppose, to generate interest from a particular buyer, key competitive information is shared without a signed confidentiality agreement. How much business and value might be lost--and how many employees might lose their jobs--as a result?)

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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