M&A Activity -- Expect a Surge in Mergers
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It promises to maintain all seller documented information in strictest confidence and to return such documents immediately if purchase discussions are abandoned. It further prohibits the buyer from soliciting the employment of any of the seller's employees, generally for a period of two years. Although it's much harder to obtain, it can prohibit the buyer from soliciting business from any of the seller's customers for some period of time.
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