Confidentiality agreements are usually signed before any information is exchanged to protect the buyer and the seller from loss of competitive information.

Question

Quizplus · Accepted Answer

This statement is true. Confidentiality agreements are common in business transactions to protect sensitive information from disclosure to competitors or the general public. They are usually signed by both parties involved, including the buyer and the seller.

Confidentiality Agreements Are Usually Signed Before Any Information Is Exchanged