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

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A non-disclosure agreement (NDA) is a legal contract that prohibits one party from disclosing confidential information to others. In this scenario, Harold is being asked to sign an NDA to protect the confidentiality of the tax returns and financial statements he will be reviewing as part of his due diligence process before purchasing the business.

Harold Was Given the Chance to Examine the Tax Returns