Insights on the NDA Process to review deals with deal team ahead of LOI

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June 27, 2023

by a searcher from INSEAD in Chicago, IL, USA

Hi All -

Would you have any insights on what is the process to be followed with regards to NDA for reviewing a potential deal with my deal team (Lawyer/Lenders/CPA) ahead of signing the LOI. Obviously I want to protect my interest and the sellers confidentiality as well but want to get insights on the deal from lenders before putting together the LOI.

Do I have sign an NDA with every lender that I work with on Term sheets and insights?

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Reply by a searcher
from Anderson University in Canton, OH, USA
I shared deal details with my bank, attorney, and advisors without them being specific party to the NDA, which was not an issue because this was allowed under the NDA terms. I will say, I was always diligent about marking things as confidential or verbally communicating confidentiality.
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Reply by a searcher
from Southwestern University in Houston, TX, USA
Most of the professional services folks you use count as "your assigns and associates" in most NDAs. They all have much more stringent ethics standards than any NDA and anyone that hands you an NDA knows it.
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