Southern California Real Estate Non-Disclosure Agreements Attorney
Seasoned Representation for Confidentiality Agreements and Other Real Estate Matters in Ventura and Westlake Village
Real estate transactions may occur at arms-length, but the negotiation process can become invasive. As a buyer, you may need to disclose details about your or your company’s financial health, relationship with regulators, taxes, investors, partners, and other information. Sellers may likewise have to disclose information about their finances and other vulnerable information. If the deal breaks down, you might suddenly be faced with a salty counterparty walking around with vital, confidential information about you and/or your business.
A non-disclosure agreement can help prevent unwanted disclosure of any information that might affect your business, your finances, or your professional reputation.
At Rounds & Sutter, our real estate legal team has decades of combined experience assisting property owners, buyers, sellers, developers, and investors with all manner of real estate matters. We provide valuable assistance with all aspects of real estate transactions, as well as comprehensive support for any disputes that may arise down the line. With offices in Ventura and Westlake Village, our real estate attorneys assist buyers, sellers, investors, co-owners, and others with real estate transactions and agreements throughout Southern California.
What Is a Non-Disclosure Agreement?
A non-disclosure agreement (NDA) is a contract prohibiting one or both parties from disclosing key, confidential information to outside parties. NDAs often arise in the context of employment; a company requires employees to refrain from disclosing confidential corporate secrets to competitors or the public while employed or after terminating the employment relationship.
However, NDAs can also be utilized in the real estate context. In many cases, sensitive material may be disclosed by a buyer to a seller, or vice versa, in the process of negotiating a commercial or residential real estate transaction. As the negotiations and closing process continue, the parties may discuss sensitive information such as marketing plans, taxes, revenue, financial health, planned capital improvements, lobbying efforts, and other information that the disclosing party wishes to keep private.
By executing an NDA, you can ensure that your personal, financial, corporate, or otherwise sensitive private information is not disclosed to your competitors, your business partners, or the public. The savvy real estate attorneys at Rounds & Sutter can help you negotiate and execute a confidentiality agreement or NDA that allows you the leeway to share whatever information you need to maintain bargaining power during your real estate transaction without fear that sensitive information will be shared with outside parties.
Non-Disclosure Agreements Do Not Protect Failure to Disclose
NDAs are used to protect personal, financial, or otherwise valuable confidential information. An NDA is not meant to protect a seller from their duty to disclose defects and other important information about a property’s condition during the sale process. If law or contract requires a seller to disclose key information about a property in order to allow the buyer to make an informed decision, an agreement not to “disclose” confidential information does not absolve them of that duty.
If you’ve been fraudulently induced into purchasing land because the seller failed to disclose key information in accordance with their legal duties, you could have a legal claim for damages. The real estate dispute attorneys at Rounds & Sutter can help you recoup your losses and rescind any contract you did not enter into with full, accurate information.
Call Rounds & Sutter for Help With a Real Estate Non-Disclosure Agreement and Southern California Real Estate Transactions
If you are negotiating a real estate deal and you want to protect your privacy and your proprietary interests, if you intend to enter a real estate transaction, or if you are involved in a real estate dispute, contact Rounds & Sutter at our offices in Westlake Village or Ventura. We provide advice and representation across the spectrum of real estate legal matters in Southern California.