Confidentiality Terms

1. Confidential information

"Confidential information" means everything about the listing that is not visible to the anonymous public: the full financial statements and derived metrics, the valuation audit trail, uploaded documents (income statements, balance sheets, tax returns and similar), the identity of the business and its owner if disclosed to you, the contents of your negotiation thread, and any other information about the business you receive through the platform. It does not cover information that is or becomes public through no fault of yours, that you already lawfully knew, or that you receive independently from a third party free to share it.

2. Evaluation-only use

You may use confidential information solely to evaluate a potential acquisition of the business and, if a deal proceeds, to complete it. Any other use — competing with the business, soliciting its customers or employees, reusing its data for another purpose, or feeding it to a dataset or model — is prohibited.

3. Non-disclosure

• Do not share confidential information with anyone except your professional advisors (attorney, accountant, lender) who need it for the evaluation and are themselves bound by confidentiality. You are responsible for what they do with it.
• Do not copy, redistribute, publish or repost confidential information, including screenshots and document files, outside your deal team.
• Do not contact the business's employees, customers or suppliers about the sale without the seller's permission — confidentiality exists precisely because rumors damage a live business.
• If you are legally compelled to disclose (court order, regulator), tell the disclosing party promptly where the law allows, and disclose only what you must.

4. Term

These obligations run for two (2) years from your recorded acceptance, and survive the end of negotiations whether or not a deal closes. If you decide not to proceed, stop using the information and delete any copies you made, on request.

5. No warranty

Confidential information is provided "as is". The seller is responsible for its accuracy, and neither the seller nor the platform warrants that it is complete or error-free. The valuation shown on a listing is an automated estimate, not an appraisal. Verify everything that matters in due diligence before you rely on it.

6. Remedies

Breach of confidence can damage a business in ways money cannot readily fix, so the disclosing party may seek injunctive relief in addition to any other remedy. The platform may also suspend or terminate accounts that violate these terms and, where a seller asks, share the acceptance record (your name, email, timestamp and this terms version) as evidence of the agreement you accepted.

7. Identity

Accepting these terms does not reveal anyone's identity: you stay anonymous to the seller and the seller stays anonymous to you until an offer is accepted, at which point both parties' names and email addresses are revealed to each other so the deal can close. Questions about these terms: hello@successionmarketplace.com.