Non-Disclosure Agreement Dental Office

DDR Dental (“we”, “us” or “our”) assumes that the undersigned applicant (“you” or “your”) may be attempting to purchase a dental practice from one of the dentists who have registered their dental practice with DDR Dental (the “Client”) (all together the “Parties”) and who are represented by the IHR. Take a close look at all financial statements and documentation provided. Have you received complete financial statements and tax returns? a clean and reasonable pro forma (no projection) and a complete statistic on the dental practice and its operation? Please note that some NDAs also attempt to restrict your access to representation. You should never have to give up your ability to hire competent consultants. While this may come at a cost to you, proper advice or representation is invaluable. Maybe especially if you have to sign an NDA. Tags: Buying a dental practice, transitioning from the dental office Using a non-disclosure agreement is a common way to protect your company`s sensitive information when it is shared with another party. These agreements are also referred to as “confidentiality agreements” or, as it is called here, “NDA”. Unfortunately, no document will guarantee that an unethical person will not use the shared confidential information in a shameful manner, but a confidentiality agreement will certainly reduce the risk of a potential buyer revealing sensitive information about your business or using that information competitively. If so, as a seller, you have at least one legal cause of action against them, and most savvy buyers and even competitors won`t take that risk. True expertise when you need to sign an NDA and buy in your new dental practice. Quality transition specialists and experts represent the possibilities for quality transition.

The practical documentation is not only clear, but also consistent and professional. In addition, documentation must be provided in a timely manner and be complete. Real specialists have collected and reviewed the documentation in advance to determine the price or value long before a practice is put up for sale on the market. They are complete and thorough and do not compromise their work or integrity. NDAs are developed by lawyers and are designed to protect sensitive private financial and business information of firm owners and sellers. As a general rule, you should sign a confidentiality agreement before reviewing documents and practice-related information related to a firm purchase, association, or partnership. The agreement you sign is a valid legal document. You should read it carefully and understand all that it involves and requires of you. If something seems unusual, be sure to ask for it.

By signing an NDA document, you agree to keep confidential all information relating to the application (sensitive or not). That is reasonable. We invite you to read and consult our Privacy Agreement at any time on our website in the “Forms” section of dentalpracticetransitions.henryschein.com/contact-us/forms/. You will find that this is a clear and simple document specifically designed to protect the disclosure of ALL personal information. Almost all sales and purchases in a dental practice require buyers and sellers to share certain confidential information to assess the merits of the potential business and negotiate the terms of the potential business (para. B example, financial information, essential contracts and customer information). The way to provide information securely is to ensure that the other party is required to respect the confidentiality of the information and not to use that information in a way that harms the disclosing party. In the past, we have brought to your attention certain concerns and questions regarding non-disclosure agreements (NDAs), also known as confidentiality agreements. We highlighted the fact that some companies in transition use the NDA document to establish an exclusive relationship or impose unethical conditions on a buyer before allowing them to learn more about practice opportunities. If you prefer to send the form below by mail or fax, please click here to download it.

While there are many details of an NDA that stand up to scrutiny, our goal in this article is to determine exactly what matters as confidential information. Before signing a confidentiality agreement: facts and information you need to know By checking the “I agree” box and clicking the “Submit” button, I agree to enter into the non-disclosure agreement electronically and the terms of the non-disclosure agreement form. It`s important to hire someone to represent you specifically because you need to take care of yourself and protect yourself. While our entire team at Henry Schein Professional Practice Transitions (HS PPT) prides itself on creating fair transactions with fair documentation, not all “transition specialists” work in the same way, so you need to protect your interests. · Prototypes, drawings, calculations, processes and data · Information relating to the Company`s current, future and proposed products and services, including all research, experimental work, developments, design details, specifications, samples, designs and models on the lookout for you: You are entitled to representation when you sign a confidentiality agreement! The definition of “confidential information” in the context of a confidentiality agreement is generally described very broadly and may vary from one confidentiality agreement to another. There is, of course, a natural divergence of interests between buyers and sellers in the definition of confidential information, because sellers want the broadest possible definition to protect their business, and buyers want to refine the definition. A compromise reached by most buyers and sellers is a very broad definition of confidential information, with some exceptions generally including: (1) any information already known to the public at the time of submission to the potential buyer, (2) information that becomes public after the seller has disclosed it to the potential buyer (except through the fault of the potential buyer or its representatives) or (3) information required by law or by a court of competent jurisdiction. If you need help preparing an NDA or have questions about buying or selling a business, the lawyers at Grogan Hesse & Uditsky, P.C. are here to help. Visit us at www.ghulaw.com for more information.

An experienced buyer will understand the need to execute a confidentiality agreement that prevents the buyer from using or disclosing the seller`s confidential information. This confidential information is a very valuable asset of the seller`s business, and while the buyer must evaluate this information, it is important that this information is not shared by the buyer with third parties or used by the buyer for purposes other than evaluating the seller`s business as part of a potential transaction. Notwithstanding the foregoing, information and/or data will not be considered confidential information if such information and/or data: (i) has been established to be known to the receiving party at the time of receipt, (ii) or is not part of the public by a direct or indirect act or omission of the receiving party, or (iii) are obtained by the receiving party from a third party without similar restrictions, (iv) be independently developed by the receiving party without using the disclosing party`s confidential information, or (v) have been disclosed for written dissemination by the disclosing party and will be disclosed in accordance with such approval. Not all “Specialists”, “Experts” or “Brokers” are the same Confidentiality/Non-Disclosure Agreements are valid legal documents This CONFIDENTIALITY AGREEMENT (“Agreement”) is entered into by and between Henry Schein Professional Practice Transitions, a division of Henry Schein Financial Services, LLC (“HSPPT”) and the undersigned (“Receiving Party”). By completing this form and your electronic signature below, you agree that the information you provide is true and accurate and that you wish to be considered a candidate in a practice sale transaction. You further agree that the information we provide to you in connection with our methods and customers is confidential, and you further agree to the following: It is important that you, as a buyer or candidate for membership, understand some important facts: Below is an example of a clause that defines “confidential information” in a confidentiality agreement: In addition to protecting a company`s confidential information, a confidentiality agreement should also prohibit a potential buyer from disclosing information about the potential transaction. .