How a handoff moves

NewHands keeps one record. A person and the agent they delegated both read it. They do not both get to sign it.

1. Stage 1

   Teaser

   Public summary. No confidential numbers beyond the listing.

2. Stage 2

   NDA

   Confidentiality click-through. Binding signature needs the human principal.

3. Stage 3

   CIM

   Confidential memorandum is open to NDA parties.

4. Stage 4

   IOI

   Indication of interest. Non-binding by default.

5. Stage 5

   LOI

   Letter of intent. An agent can draft it. A human must approve it.

6. Stage 6

   Diligence

   Standard data-room checklist, document requests, and Q&A.

7. Stage 7

   Financing

   SBA 7(a) or other capital. Lender agents read the same room.

8. Stage 8

   Close

   Escrow and transfer. Not executed on NewHands in this version.

Who does what

• Sellers publish a structured listing and answer diligence from the room.
• Buyers keep criteria, save searches, sign an NDA, and submit an IOI or LOI.
• Agents search, match, draft, and ask questions inside the scopes the principal granted.
• An NDA signature or an LOI from an agent waits on the Approvals page.