Confidentiality Agreement Review With Auditors

State:
Multi-State
Control #:
US-OG-199
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the "Offeror" is providing certain information regarding properties for use in evaluating the properties for possible acquisition from Offeror. This Information is considered confidential by Offeror and is being provided to Offeree under certain terms and conditions.

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FAQ

NDA REQUESTS AND PROPRIETARY R&D Clients and prospective clients may need tax, accounting, and consulting assistance associated with research and development for proprietary products or services. As such, the CPA may be asked to sign an NDA before any discussion about the scope of services can even begin.

Look for language like the disclosing party and the receiving party or both parties as opposed to one-sided language with noticeably absent requirements from the other side. If the NDA is intended to bind only one party, you should walk into that arrangement with eyes wide open.

7 Things to Look for Before You Sign a Nondisclosure AgreementParties to the Agreement.Identification of What Information Is Confidential.Time Frame of the Agreement.Return of the Information.Obligations of the Recipient.Remedies for Breaches of Agreement.Other Clauses.

"There are several key pieces of information that should be included in NDAs, or non-disclosure agreements. The most important items include customer lists, financial and profit margin information, product breakdowns, bestselling segments and sales scripting and messaging."

Often a phone call is used if any issues remain after the NDA has been exchanged twice. If a phone call does not resolve remaining issues, the NDA will likely take more than 30 days, and up to several months, to complete. During negotiations, PIs are notified if questions or issues arise.

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Confidentiality Agreement Review With Auditors