Do You Need an NCND Agreement?

If you are hoping to do business but are worried about sharing your personal information in the process, you might be interested to learn about NCND (non-disclosure, non-circumvention) agreements.  These agreements might make it clear for you in your situation that you and the other party involved, the seller and buyer, cannot discuss the nature of the deal with a third party.  Keep reading to learn more about NCND agreements and how they work.

What is an NCND Agreement?

Non-circumvent, non-disclosure agreements help businesses dealings go through with integrity, protecting sellers, buyers, their negotiations and their personal information.  There are two reasons that NCND agreements could be important for your business dealing. 

On the one hand, an NCND helps to make sure that all brokers that are involved in arranging the connection between the buyer and the seller are not circumvented in the process.  On the other hand, an NCND also ensures that all of the information that is disclosed, shared, and discussed during the negotiation period is not disclosed to any other party or parties.

What Transactions Benefit from NCND Agreements?

If you are unsure and asking yourself, do you need an NCND (non-disclosure, non-circumvention) agreement, consider whether you want to ensure that the buyer and the seller in the deal cannot go around the broker.  You probably want to ensure that you can maintain secrecy about your deal, and you want to protect the rights of those involved in the deal.

If your deal could benefit from the fact that no people in the chain of the flow of your business will remain in the loop without losing rights or protection, then an NCND agreement might be right for you.  For example, if you are involved in a deal between a buyer and a broker with something you are trying to sell, the broker might set up an NCND agreement to protect his or her own information while keeping you and the buyer safe, too.

How Can I Go About Setting Up an NCND Agreement?

If you want to get some legal help when dealing with this NCND Agreement, work with a broker who can help you establish this.  Also consider hiring an attorney who specializes in keeping parties and their information safe while making a deal.  These legal professionals will be able to help you answer the question, do you need an NCND (non-disclosure, non circumvention) agreement and can help you to draft an agreement that will best protect your interests.