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confidentiality agreement

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Answers (3)
Michalle Farrakhan
Keller Williams Chattahoochee North
"The Best Choice in Real Estate"
Gwinnett County, GA

Confidentiality Agreement is Important to Protect Seller's Privacy. Buyers must keep the Sale and Information about the Business Confidential. Not only should Buyers not worry Employees about the sale, but other Fears could arise concerning the Loss of Employment or Management Takeover causing employees to quit. There is also private information about Profit and Loss, Gross and Net Sales, Business Being Profitable or In Trouble that Employees nor Competitive Business Owners should not easily have access to unless making an offer. Confidentiality Agreement helps Prospective Buyers understand not to go around exposing information that could hurt the sale or reputation of the Business. Any additional questions I am proud to help. Michalle Farrakhan 678-997-4747

Apr 2, 2011
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The BAF Group LLC
MD

Unquestionably. You do not want a prospective Buyer walking into your business and asking questions of your customers, your employees, your vendors. What if it does not sell to that Buyer? Then, everyone that has learned about it is suddenly questioning why it is being sold, to whom, do I still have a job...? Too many questions that do not need to be worrying people can be overcome by simply avoiding them until you have specific answers for them.

Mar 31, 2011
Buy-a- Company

Yes, very important

Mar 31, 2011

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