NDA business sale (short)
A short form NDA, in the form of a letter agreement, to use in a business sale transaction where a seller will disclose confirmation information to a prospective purchaser. It covers the principal legal protections for the benefit of the seller as the disclosing party.
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When do I use this document?
- for a business sale transaction
- where confidential information about the selling company will be disclosed to a potential buyer
- for a shorter form NDA with principal legal protections for the seller as the discloser of confidential information
Key features include:
- 17 paragraphs over 3 pages
- definitions of Confidential Information and Proposed Transaction
- confidentiality obligations
- authorised recipients of Confidential Information
- circumstances permitting compulsory disclosure
- procedure for returning Confidential Information to the seller
- duration of agreement
What else do I need to know?
Negotiations on the terms of NDAs often become protracted due to the inclusion of unreasonable and excessive terms by the party providing the initial draft. This template has been prepared and designed to help the parties quickly reach agreement on the NDA, enabling them to move forward to the disclosure of confidential information and discussions on the main transaction documents.
What other docs are available?
For a longer form of confidentiality agreement for a business sale transaction, see
When do I use this document?
- for a business sale transaction
- where confidential information about the selling company will be disclosed to a potential buyer
- for a shorter form NDA with principal legal protections for the seller as the discloser of confidential information
Key features include:
- 17 paragraphs over 3 pages
- definitions of Confidential Information and Proposed Transaction
- confidentiality obligations
- authorised recipients of Confidential Information
- circumstances permitting compulsory disclosure
- procedure for returning Confidential Information to the seller
- duration of agreement
What else do I need to know?
Negotiations on the terms of NDAs often become protracted due to the inclusion of unreasonable and excessive terms by the party providing the initial draft. This template has been prepared and designed to help the parties quickly reach agreement on the NDA, enabling them to move forward to the disclosure of confidential information and discussions on the main transaction documents.
What other docs are available?
For a longer form of confidentiality agreement for a business sale transaction, see
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Updated by a lawyer on 03/09/2024
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