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Guides28 September 2026 · 2 min read

How a data room works in a licensing deal

No buyer pays six figures blind, but you don't want to hand over your archive to find out if they're interested.

1NDA signed2Profile andstatistics3De-identifiedsamples4Buyer's qualitychecks5Offer andcontract
Data room stages

What goes in

  • An anonymised profile: size, years, systems, volumes.
  • Small, de-identified samples, watermarked.
  • Your de-identification method and test results.

What stays out

  • Full exports.
  • Anything not yet tested.
  • Live access to your systems, ever.
Key takeaways
  • Show enough to price, not enough to copy.
  • NDAs and watermarks deter misuse.
  • Samples should be de-identified and tested too.

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