Business information is sensitive and confidential. Released carelessly it can damage the Seller, their business, and the employees’ livelihoods. Non-Disclosure Agreements (“NDAs”) address this concern. NDAs are documents where Buyers formally agree not to disclose to third parties any information shared by a Broker or Seller for the purposes of evaluating a business for sale. NDAs give Sellers confidence that prospective Buyers who receive their sensitive information are seriously interested and will respect the business’s privacy.