A secure digital platform to allow a business seller to share sensitive and confidential information and documents such as a CIM or due diligence documents with a seller. A Virtual Data Room should have the highest level of cybersecurity because of the sensitivity of the docs that are usually housed and shared there.
A Secure Data Room is one piece of a comprehensive Trade Secret Protection Plan to protect a business seller’s most sensitive information. Another critical piece of a Trade Secret Protection Plan is a well-drafted NDA.
Clear Focus Law provides a high-security Virtual Data Room for use in every deal where we represent either seller or buyer. Our Secure Data Room uses top industry-standard cybersecurity features including encryption in transit and at rest for documents, separate logins for all users, enforced password strength, two-factor security, and audit trails.