Considerations in Selling Your Business- Part 7: First Step with the Buyer - The Confidentiality Agreement
- Created: Friday, 23 September 2016 08:00
by Patrick B. Mathis, Shareholder at Mathis, Marifian and Richter, Ltd.
The Confidentiality Agreement
Whether the seller elects to approach potential targeted buyers, utilize an intermediary such as an attorney or broker to make those contacts, or is solicited by a potential purchaser, the first step in any such discussion should be a confidentiality agreement entered into between the buyer and seller.