A virtual dataroom (VDR) is a safe and secure method to share important information with other parties in large transactions, such as M&A. A VDR can help reduce the risk of data security breaches and intellectual property theft by stopping unauthorized access to sensitive documents. It can save money as well as time by removing the need to meet in person to discuss information.

Take into consideration how you will use the VDR and what types of files are included in the deal prior to selecting a provider. Choose a virtual dataroom that has the file size format, format, and storage limitations that are suitable for your project. The user interface should be easy to navigate for all users, even those with no prior experience in technology.

Some companies offer a trial for you to other try their product before signing an agreement. This lets you evaluate if the software suits your requirements and decide whether or not it is worth the cost of a subscription. If you’re not content with the trial period, you are able to end the trial before the subscription expires.

The best VDRs provide a range of document protection features to protect your confidential documents. They include options to stop printing images, downloading, and screenshots and also digital watermarking to stop leaks. Some of them also offer audit logs which show who has been able to view or modify each file, allowing you to keep track of who has viewed or modified the file.