Best Practices while interacting with other ZWAPALL Users
We as a company are committed to providing you a safer search for a business deal and we go to great lengths to make sure that you get the best possible experience with us.
While we do all this, we urge you to play your part as a prudent user.
For Inventors & Business Owners
- Inventors and Business owners should make sure that their profile is up to date and information provided therein is true and correct.
- It is important that you quote a realistic price. Price which a ready and willing buyer would be prepared to pay.
- It is important to have a business strategy, plan and valuation done for your inventions, business and start-ups well in advance so expectations are clear.
- Be transparent and reveal limitations or negatives about your business assets and business rather than let the investors discover them during the due diligence process.
- When an introduction is made send a direct message to other party on ZwapAll to schedule a discussion call instead of directly calling them up.
- The first few minutes of the call may be used for introducing yourself, establishing rapport and set the tone for conversation.
- Basic explanation of the business asset/business and transaction should be covered in the initial call itself.
- Before deciding whether to meet in person, investigate the user's background and business. If a person is reluctant to come on a video chat or to meet you in person, it should be treated as a warning sign. When meeting someone for the first time, always choose to meet in a public place. For your safety we advise you to keep others informed about the meeting and the venue. Do not invite strangers into your hotel room/home.
- Don't rush the other party throughout the sale/licensing process because it could slow down the deal. Allow enough time for the other person to make their decision.
- Sensitive documents and financial statements should only be sent to potential buyers or investors after getting to know each other and after a Non-Disclosure Agreement has been signed.
- Please make sure that you only interact with another user/buyer or investor through the ZWAPALL platform. If the other User is no longer available on your dashboard, you should take precautions and immediately stop interacting with that particular buyer or investor.
- Do not pay any kind of token advance or deposit money or legal verification or notarisation charges before any transaction is made with the investor or lender. No real buyer or investor/lender will require such an advance payment
- Service providers who request for a retainer/upfront fee should be evaluated properly before entering into any kind of agreement. Be aware that not all transactions close successfully even if they are the best.
- If a consultant, broker, an agent or advisor contact you, please do not provide any sensitive information. Ask him or her for an authorisation from the buyer or investor on behalf of whom he or she is contacting you. If he or she poses himself or herself as a buyer or investor please report the same to ZwapAll and mark him as Broker. Some brokers may offer you higher prices in order to hold you from selling to others.
- A few ways to identify a Fraudster is that they will usually call from multiple numbers. Even if they give a number, they don't pick up when you call. They may later call you back from a different number. Some Fraudsters may also accept whatever price is given without much enquiry or negotiation.
For Buyers and Investors
- Buyers and Investors should ensure that their profile reflects their current business activities and purchase/investment capabilities.
- It is important that you offer a realistic price. Price at which a seller would be interested to deal with you.
- While pursuing investment/business/business purchase opportunities, it is a good idea to share your source of funds and previous investments and acquisitions with business owners to increase the speed of transaction closure
- Clearly state whether you are a strategic investor or a financial investor, that is, if you are purely interested in financial returns, or whether you are looking for business synergies
- Don't rush the other party throughout the sale/licensing process because it could slow down the deal. Allow enough time for the other person to make their decision.
- When an introduction is made send a direct message to other party on ZwapAll to schedule a discussion call instead of directly calling them up.
- The first few minutes of the call may be used for introducing yourself, establishing rapport and set the tone for conversation.
- Before deciding whether to meet in person, investigate the user's background and business. If a person is reluctant to come on a video chat or to meet you in person, it should be treated as a warning sign. When meeting someone for the first time, always choose to meet in a public place. For your safety we advise you to keep others informed about the meeting and the venue. Do not invite strangers into your hotel room/home.
- Please make sure that you only interact with another user through the ZwapAll platform. If the other user is no longer available on your dashboard, you should take precautions and immediately stop interacting with that particular seller or business owner.
- Do not pay any type of token advance or legal review fees or advisory fees before conducting any transactions with sellers or business owners. We urge you not to transfer funds or offer financial help to the prospective. The moment someone asks you for money citing some reason or a pressing emergency, you should become cautious and avoid further communication.
- Service providers who request for a retainer/upfront fee should be evaluated properly before entering into any kind of agreement. Be aware that not all transactions close successfully even if they are the best.
- If a consultant, broker, an agent or advisor contact you, please do not provide any sensitive information. Ask him or her for an authorisation from the seller or business owner on behalf of whom he or she is contacting you. If he or she poses himself or herself as a seller or business owner please report the same to ZwapAll and mark him as Broker. Some brokers may offer you lower prices in order to hold you from dealing directly with Seller.
- A few ways to identify a Fraudster is that they will usually call from multiple numbers. Even if they give a number, they don't pick up when you call. They may later call you back from a different number.