Weak Industries Ltd. is contemplating to sell its business to Expensive Enterprises Ltd. (EEL). As a Practising Company Secretary, EEL has engaged you to create a 'data room' and take further steps. Explain to the manage

A Data Room provides all important business documents/information which may be on financial, regulatory, IPR, marketing, press report or any important material aspect pertaining to a business transaction. Otherwise it provides for a common platform/place where all records of important business information are kept for review by a potential buyer after signing of a Non-Disclosure Agreement (NDA). As data room discloses confidential data which is not available for public and may relate to business process, trade secret, technology information etc., the access to data room is made after signing of Non-Disclosure Agreement.