Website Data Room Rules (Acquisitions By Auction)

The following are rules for a website data room to be used by the seller in an auction process for selling a company or assets, where the data room is accessed online. For rules to be used with a physical data room, see Standard document, Data room rules: acquisitions.

• Ensure that only authorized individuals can access the data room

• Maintain the confidentiality of information contained within the data room

• Ensure that all information is accurate and up-to-date

• Ensure that the data room is secure from unauthorized access

• Ensure that the data room is accessible only during specified times

• Ensure that all information contained within the data room is destroyed after the acquisition process is complete