Non-Disclosure Agreement: NILI and Evolution Mining....The NDA is the first document to be signed in a transaction and sets the tone for negotiations. It's a key component early in the sales process.
NDA are binding in Canada and any party that breaks the NDA agreement is subject to lawsuits and severe financial damages.
During the NDA process, no insiders are allowed to buy or sell stock. NDA is also signed with employees, lawyers and accountants to keep information private.
A public corporation does not have to disclose or press release that an NDA has been signed, in order to protect the integrity of the sale process from competitors, manipulation, and illegal activity.
https://morganandwestfield.com/knowledge/ma-non-disclosure-agreements/#:~:text=The%20NDA%20is%20the%20first%20document%20to%20be%20signed%20in,business%20can%20be%20highly%20sensitive.
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