You’ve executed a confidentiality agreement with your business broker and prospective buyer. You’ve disclosed confidential information to both parties.
Before you enter into a binding purchase agreement and close the deal with the prospective buyer, word leaks out that you’re contemplating the sale of your business. Your stock value drops. Your employees depart. Your buyer decides not to buy! So, why did you execute that confidentiality agreement in the first place? Can you recover damages from the party who breached its terms?