Wick & Trautwein, LLC
Call Today
Local: 970-237-5694
Toll Free: 866-686-1410

What questions does a confidentiality agreement address?

A confidentiality agreement may be used when a business is being sold in Colorado. This is done to limit how much information can get out to the public. For instance, a lot of business owners want the sale to stay a secret for as long as possible because they don't want it to be known that they're shopping the company.

So, what types of questions should be addressed in this agreement? The following are all things that usually should be answered for a business of any kind:

- What information is allowed to be disclosed, and what types of information have to remain a secret?- Is the fact that the company is for sale a secret, and does the same go for the negotiations themselves?- How long will this confidentiality agreement be binding for, and when does it expire? Is it intended to be permanently binding?- How are patents addressed under the agreement? For instance, if a potential buyer looks into the company and finds out about developments and inventions, what is he or she allowed to do with this information?- Are the Colorado state laws going to be used, or will the laws in another state take precedence? This is important when the company is in one state and the potential buyer is in another.- If there are any disputes, what state are they going to be heard in?- If the agreement is broken in any way, what options do both sides have?

All agreements have their own fine print and details, but it's wise to get the answers to all of the above in any situation, and you also want to know about any other legal options and ramifications.

Source: Colorado Association of Business Intermediaries, "The Confidentiality Agreement," accessed Sep. 15, 2015

No Comments

Leave a comment
Comment Information
  • Lead Counsel Rated | LC
  • BBB | Accredited Business
  • 10 Best 2017 Attorney | Client Satisfaction | American Institute Of Family Law Attorneys
  • Preeminent AV | LexisNexis Martindale-Hubbell | PeerReviewRated
  • Best's Client Recommended Insurance Attorneys Listed Over 25 Year
  • Expertise Best car accident Attorneys in fort collins 2018

Fort Collins Office
323 South College Avenue #3
Fort Collins, CO 80524

Toll Free: 866-686-1410
Phone: 970-237-5694
Fax: 970-482-8929
Fort Collins Law Office Map

Windsor Office
421 Main Street
Windsor, CO 80535

Toll Free: 866-686-1410
Windsor Law Office Map

Review Us
Providing You With The Information You Need To
Make The Right Choices For Your Future

We Take Your Emails Seriously

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy