A Non Disclosure Agreement can be used in many circumstances. The video below has been prepared by a business attorney at The McGuire Law Firm to discuss the use of a Non Disclosure Agreement in the context of a potential purchase or sale of a business. Generally, it is recommended that you enter into a non disclosure agreement prior to discussing or disclosing any documents or information that would relate to a potential transaction.
The non disclosure agreement can protect you against the disclosure of confidential information that is disclosed to third parties as you move forward with a business purchase or sale. For example, if you were looking to sell your business, you may not want your competitors or certain other third parties to have knowledge that you are contemplating such a sale. Thus, the non disclosure agreement helps protect you from this type of information being disclosed.
Please feel free to contact The McGuire Law Firm to speak with a Denver business attorney regarding your business needs. From the formation of your business, to the drafting and negotiating of contracts and the sale of your business, a Denver business attorney at The McGuire Law Firm can assist you.