EXCEPTIONS TO A NON-DISCLOSURE AGREEMENT?

Started by TomW • 1 replies • 1494 views

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TomW (Utah)
Posts: 31

Posted:

Our Board is soliciting bids for a new management company to manage our codo complex, and we have requested that basic financial information be supplied as part of the bid process. These financials will likely be supplied with a non-disclosure agreement. Is it permissible for a board member to obtain advice from an outside trusted advisor to help interpret the information provided, with the stipulation that the information will only be used by the board in its analysis of the bids, and will not be shared with any other individuals?

JohnK3 (Pennsylvania)
Posts: 967

Posted:

Sure. Just tell proposed MC about "trusted advisor." (Very North Korean sounding). If MC balks, take a walk.

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