Protecting your privacy is very important to us. We want you to understand what information we collect and how we use it. We collect and use “nonpublic information” to provide prospective buyers with sufficient information to make a decision upon whether or not to make an offer to purchase your business. It is imperative that certain financial, operational, and other company information be made available to those prospective buyers for them to i) generally inform themselves concerning the nature and operations of the business, ii) determine whether or not they wish to offer to purchase your business, iii) formulate a purchase price they believe is fair, and iv) verify the information they have received about your business.
We will not provide any “nonpublic information” to anyone who has not executed a confidentiality agreement with us. This confidentiality agreement legally binds that prospective buyer not to divulge or share that information with anyone other than their “financial advisors” (bankers, accountants, attorneys, financial consultants, etc.). Those “financial advisors” are typically bound by codes of ethics of their respective professions with respect to information received. We are not responsible if the prospective buyer does not adhere to the terms of the confidentiality agreement; however, either you, ourselves, or both may choose to seek legal remedies against such parties for breach of the confidentiality agreement.
“Nonpublic information” may include, but is not always limited to, tax returns, financial statements, information about customers, suppliers, and employees, equipment and other assets of the business, financial analyses, existing and/or transferable commitments of the business, and information about real property used by the business.
It is our policy to supply any of this information to a prospective buyer who has executed a confidentiality agreement unless you tell us otherwise in writing that you want certain information you give us to be kept confidential, or unless you withhold that information from us in the first place.