What Is a Non-Disclosure Agreement (NDA) and Why It Matters

When selling a business, confidentiality is critical. A Non-Disclosure Agreement (NDA) is a legal document that protects your sensitive business information when engaging with potential buyers.

Before sharing details like your business name, customer lists, pricing, or operations, you should have the buyer sign an NDA. This ensures that the information you provide is used only for evaluating the opportunity and not shared with others.

When to Use an NDA

You should require a signed NDA before:

• Sending detailed financial statements 
• Disclosing your business name or address 
• Sharing customer, vendor, or employee information 
• Scheduling in-person visits or buyer calls

Think of the NDA as your first line of defense, protecting your business while still allowing buyers to do their homework.

Important Notice:

The NDA template we provide below is for general educational purposes only.
It is not legal advice and does not create an attorney-client relationship.
Before using it, we strongly recommend you consult with your attorney to ensure the agreement meets your specific needs and complies with your state laws.

By completing the form below, you acknowledge that:

• You understand this NDA template is not legally customized 
• You take full responsibility for its use in your business sale process