Harold was given the chance to examine the tax returns and financial statements of a business he is considering for purchase. The seller asked him to sign a _____ that prohibits Harold from sharing this confidential information with anyone else.

Question

Quizplus · Accepted Answer

A nondisclosure agreement (NDA) is a legal contract that prohibits one party from sharing confidential information with any other parties. In this case, Harold is being asked to sign an NDA to ensure that he does not share the business's financial information with anyone else. It protects the confidentiality of the information and is a common practice in business acquisitions.

Harold Was Given the Chance to Examine the Tax Returns