Question on NDA and Broker Behavior for a Business Purchase
Hey folks, I signed an NDA with a broker for a potential business purchase. Before signing the NDA, I had all details except detailed financials known to me from public records and a family member. I signed the NDA to get detailed financials since the broker was an associate of my family member and to help them get the commission.
Since signing the NDA, the broker has been acting evasive by failing to share the financial information for the business. On the phone they claim they are sending the financials but have not done so with various excuses (latest excuse being they sent the data but it’s hundreds of pages and it must not have gone through due to file size even though they got the file in an email apparently).
In the NDA, there is a clause that describes the information covered as confidential if not known to a buyer previously and so far the broker has not shared anything that falls under the clause definition. Combined with the evasive behavior, it’s pretty clear to any reasonable individual the broker hasn’t fulfilled their part under the NDA.
Would I be in the wrong to bypass the broker to approach owners directly given the information I already had, the clause, and the brokers behavior?
Posted Dec 6, 2025, 6:18 PM UTC