NDA
To protect the goodwill of the business for sale, most vendors will require a letter of confidentiality, more often referred to as an NDA or Non Disclosure Agreement
NON DISCLOSURE AGREEMENT (NDA)
General NDA available here. Please complete and return one for each business of interest. Or please request an electronic NDA.
To protect the goodwill of the business for sale, most vendors will require a letter of confidentiality, more often referred to as an NDA or Non Disclosure Agreement
NON DISCLOSURE AGREEMENT (NDA)
General NDA available here. Please complete and return one for each business of interest. Or please request an electronic NDA.
In most cases upon return of an NDA we will send an Information Memorandum. The content and structure of this document varies from business to business but in most cases will contain some of the following information:
- Copies of last 3 years accounts (Including latest accounting year)
- Copies of most recent management accounts
- Inventory of machinery, equipment and vehicles indicating
- HP, contract hire, finance or loan arrangements (if any) including equipment, machinery or vehicles
- For E-Commerce or Web Businesses – Details of web traffic, size of customer/subscriber database, Google Analytics, details of website(s) and any domain names held
- Staff schedule with positions, length of service, ages and salaries. This has to be carefully presented / anonimised under GDPR considerations.
- Salaries, including owners, indicating key staff and any vacancies
- Customer List (usually anonimised to protect goodwill) or a breakdown of the type of customers serviced
- Value/Breakdown of Current Order Book / Ongoing Contracts
- Details of licences in respect of goods or services
- Details of any professional or trade memberships e.g. NICEIC, REC, etc. or approvals (e.g. ISO 9002, Investors in People etc)
- Details of e.g. patents, trademarks, copyrights etc.
- Any specific supply contracts
- Copy of any marketing literature, price lists, website address
- Summary of Premises Lease(s) / Rent / Rates / Maintenance Charges
- Plan / Photographs of Premises. Valuation (if Freehold)
- List of any charges on property or equipment or bank debentures etc.
- Details of any current legal claims or disputes for or against the business