what you get with us - California Business Ventures

ALL COMMUNICATIONS WILL BE HELD CONFIDENTIAL


Any information received from you will be handled discreetly and responsibly.

Confidentiality is most important to us - we are committed to protecting your business with respect to customers, employees, suppliers and lenders.

The Confidentiality Agreement

When considering selling their companies, many owners become paranoid regarding the issue of confidentiality. They don’t want anyone to know the company is for sale, but at the same time, they want the highest price possible in the shortest period of time. This means, of course, that the company must be presented to quite a few prospects to accomplish this. A business cannot be sold in a vacuum.

The following are some of the questions that a seller should expect a confidentiality agreement to cover:

  • What type of information can and cannot be disclosed?
  • Are the negotiations open or secret?
  • What is the time frame for which the agreement is binding?
  • The seller should seek a permanently binding agreement.
  • What is the patent right protection in the event the buyer, for example, learns about inventions when checking out the operation?

Obviously, executing an agreement does not mean a violation can’t occur, but it does mean that all the parties understand the severity of a breach and the importance, in this case, of confidentiality.

While no one can guarantee confidentiality, we are experienced in dealing with this issue. We understand the extreme importance of confidentiality in business transactions as well as the devastating results of a breach in confidentiality.

We require all legitimate prospects to execute a confidentiality agreement.

A confidentiality agreement is a legally binding contract, enforceable in a court of law. It establishes “common ground” between the seller, who wants the agreement to be extensive, and the buyer, who wants as few restrictions as possible. It allows the seller to share confidential information with a prospective buyer or a business broker for evaluative purposes only. This means that the buyer or broker promises not to share the information with third parties. If a confidentiality agreement is broken, the injured party can claim a breach of contract and seek damages.