In an effort to make deals more competitive — and private — buyers are turning to escalation clauses and NDAs, but how effective are they?
Adds another business manager with A-list entertainment clients, “Publishing their address with photos is essentially providing blueprints to the public.”
“NDAs have proven to be worthless because of the internet,” says top business manager Warren Grant, who notes that people scour public records looking for sales above a certain threshold and use it to doggedly chase down information. “They figure out who the clients are and publish unauthorized stories. It’s frustrating and sad that people don’t respect anyone’s privacy rights.”foolproof.
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