Document background
The Confidentiality Agreement For Sale Of Business is a crucial document used in the initial stages of a potential business sale or acquisition in the Netherlands. It serves as the foundation for protecting proprietary information, trade secrets, and sensitive business data that needs to be shared during the due diligence process. This agreement is particularly important under Dutch law, which provides specific protections for business secrets under the Trade Secrets Act and imposes strict requirements for data protection under the GDPR implementation. The document typically precedes any detailed discussions or due diligence activities and remains active throughout the transaction process, often surviving even if the transaction doesn't proceed. It's essential for companies engaging in potential sale processes, whether through private sales, auctions, or other transaction structures, and provides legal remedies under Dutch jurisdiction in case of unauthorized disclosure.
