Provided by:  Jennifer Kirschenbaum, Esq.

October 9, 2018

Question:

Hi Jennifer,

I may want to shop my practice to a potential buyer.  When should I use a Non Disclosure Agreement?  

Thanks, Dr. M

Answer: 


A Non Disclosure Agreement is a good idea prior to allowing any third party any access or provision of confidential or proprietary information being disclosed or becoming accessible.  So, as a starter to most conversations between parties when you know there may reasonably be expected a need for disclosure, it is also a good idea to get a Non Disclosure Agreement in the works.  As far as form and time commitment for a Non Disclosure Agreement - a proper NDA is a form document that can easily be customized per arrangement.  The document is not a tremendous investment, and a basic document necessary to protect that Je Ne Sais Quoi of your practice.


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