Beware of an individual or group of people who call themselves Investment Bankers or a Buying Group. When they cannot provide you with personal financial statements or a financial statement from their company, you have a very slim chance of ever closing the transaction. The seller should have a copy of the financial statement from the buyer attached to all offers.
Confidential information and agreeing not to use it for competitive purposes: Matters concerning the due diligence investigation are to be treated in confidence and the purchaser will not either directly or through his representatives divulge any such information. The purchaser is also bound not to use the information gained through due diligence investigations in competition with the seller even if the proposed sale falls through.