Do I need a Non-Disclosure Agreement?
Channel: Roy Oppenheim
Date: 2024-03-03

To safeguard your business interests in transactions involving non-disclosure agreements (NDAs), it's crucial to have an experienced attorney review and advise on the terms to ensure confidentiality and protection for both parties, especially in the context of business purchases, sales, or investments.

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Fort Lauderdale, FL 33331 
954-384-6114
https://www.oppenheimlaw.com  

Full Transcript:

Hi, Roy Oppenheim here. I'm an attorney, as you all know. Sometimes people ask me, you know, do I need a lawyer to review a non-disclosure agreement? And my answer would be, of course, you should have a lawyer doing so. A non-disclosure agreement is typically used when you have someone who's going to be either buying your business, or if you're going to be selling your business, or investing in your business, and you don't want certain information to be on the street, you want this stuff to remain confidential. And you want to make sure that if the deal doesn't go through, that they can't use this against you. And so you want to make sure you have a non-disclosure agreement that protects both of you from being able to use the other person's information if, in fact, the deal doesn't fly. If the deal flies, then that's great, and you both will know each other's business a bit more. But you do want someone who's done this before, who's been involved in these kinds of business transactions for many years, to advise you on the efficacy and what terms should be in a non-disclosure agreement. Roy Oppenheim, "From The Trenches."