Confidentiality is the most important aspect we utilise to protect the Seller. On your behalf we require prospective Buyers looking at your business to be professional, discreet and to respect the confidentiality of the Business they are investigating.
WHY SIGN A CONFIDENTIALITY AGREEMENT?
Buyers are made aware that selling a business is a vulnerable time for a business owner because putting a business on the market may unsettle staff as well as suppliers and clients, causing possible damage to the business.
GMO requires all prospective Buyers to cooperate in having information treated confidentially. Confidentiality may mean being unable to meet or talk to the business’s staff, suppliers or clients until the offer is close to being “unconditional”. As your agent, GMO will consult with you and follow your instructions on how restrictive and secretive you wish your sale process to be.
Let’s assume you have owned a business for five years and are asking GMO to market for you. You will expect GMO to be discrete and to manage the release of information carefully on your behalf. That is why we believe you will appreciate why we will ask prospective buyers to sign a confidentiality form and you can be confident the Buyer and Seller are having a private dialogue on one’s confidential business affairs and the other’s private business aspirations!