Why teams use NDA Protection
Click-to-accept NDA gate
Upload your NDA and Peony presents it as the first screen every viewer sees. No acceptance, no access. Simple as that.
Legally enforceable audit trail
Every NDA acceptance is logged with the signer's email, IP address, timestamp, and document version. Fully defensible if disputes arise.
Per-link or room-wide
Require NDAs on individual links or across an entire data room. Different investors can sign different agreements — all managed from one dashboard.
"Peony is easily the best form factor for sharing client-facing material. It lets us stand out by embedding custom booking and website links into secure deck shares."
Robi Lin
Founder & CEO, Sepal AI (YC S24)
Frequently asked questions
I'm running a sell-side process with 12 bidders on a $150M manufacturing deal — how do I gate my CIM behind an NDA so no one sees anything before signing?
On Peony Business ($40/admin/month), your team uploads your firm's NDA and it becomes the first screen every bidder sees. None of the 12 buyers can load a single CIM page until they click to accept. Each acceptance is logged with the signer's email, IP address, and timestamp, so your deal team has a defensible audit trail tied to every counterparty. DocSend has no NDA gating at any price point, and Firmex reserves it for enterprise contracts, so Peony is the most cost-effective way to enforce confidentiality across a competitive process of this size.
We're a PE fund setting up an LP data room for a $200M fundraise — can we require NDAs for new LPs but skip them for existing investors who already have a master confidentiality agreement?
Yes. On Business ($40/admin/month), your team can configure NDA requirements per link or per data room. Using personalised links, you require new prospective LPs and co-investors to accept your fund's NDA before viewing any materials, while existing LPs who are already under a master confidentiality agreement get direct access. This is especially useful during continuation-vehicle processes where 30 or more LPs need differentiated access levels within the same data room.
I'm a startup founder sharing my pitch deck with VCs for a $30M Series A — do I really need NDA gating, or is password protection enough?
If your pitch deck contains proprietary technology details, customer revenue figures, or cap table information you cannot afford to leak, NDA gating on Business ($40/admin/month) gives your team a legally enforceable record that each VC accepted confidentiality terms before viewing a single slide. Password protection alone (available on Pro at $20/admin/month) controls who gets in but creates no legal obligation. With NDA gating, if a VC forwards your deck or a screenshot surfaces, your counsel can point to the timestamped acceptance tied to that specific viewer. DocSend offers no NDA gating at any tier.
Our law firm is managing a $90M carve-out with 15 counterparties — can we upload our own NDA template and apply different agreements to different buyer groups?
Yes. On Business ($40/admin/month), your team uploads any custom NDA your counsel drafts, and Peony presents it exactly as written, including your governing-law provisions, carve-outs, and definition of confidential information. You can apply different NDAs to different buyer groups within the same data room, so strategic buyers might sign one agreement while financial sponsors sign another. Every acceptance is logged with the signer's email, IP, timestamp, and the specific NDA version, giving your litigation team a clean evidentiary record across all 15 counterparties.
I'm a boutique banker running a $75M mandate and my partners currently use DocSend — does Peony's NDA gating actually work differently?
DocSend has no NDA gating feature at any price point. Your team's only option on DocSend is password protection, which controls access but creates no legal obligation and no signed record. Peony Business ($40/admin/month) lets your team upload your firm's NDA, present it as a mandatory gate before any document loads, and log every acceptance with the signer's email, IP address, and timestamp. You also get dynamic watermarks, screenshot protection, and built-in e-signatures (available on Pro and above) for full digital signing, none of which DocSend offers. For a boutique bank running multiple mandates, the cost difference alone is significant: Peony Business is $40/admin/month versus DocSend Advanced at $300/user/month.
We're structuring a $250M PE continuation vehicle with 40 LPs who each need to elect roll, sell, or status quo — can I use NDA gating to ensure every LP signs the CV confidentiality agreement before accessing election documents?
Yes. On Business ($40/admin/month), your team uploads the CV-specific confidentiality agreement and gates the entire LP election data room behind it. Each of the 40 LPs must accept before viewing any election materials, financial projections, or secondary pricing information. Peony logs every acceptance with the LP's email, IP, and timestamp, which is critical for ILPA's parity-of-information standard. You can also layer NDA gating with personalised links so each LP sees only the documents relevant to their election option, and your team gets page-by-page analytics showing which LPs have reviewed which sections.
I'm an M&A advisor and we just added three new bidders mid-deal on a $100M process — can I require them to sign the NDA without disrupting the existing bidders who already signed?
Yes. On Business ($40/admin/month), your team creates new personalised links for the three incoming bidders, each gated behind the NDA. The new bidders see the NDA as their first screen and cannot access any deal documents until they accept. Your existing bidders who already signed are unaffected and continue accessing the data room through their original links. Peony's analytics dashboard shows your deal team exactly which of the new bidders have accepted, which opened the link but did not sign, and which have not opened the link at all, so you can follow up precisely.
I'm a compliance officer at a mid-market advisory firm handling a $175M deal — what audit trail does Peony's NDA gating produce, and will it satisfy our regulatory requirements?
On Business ($40/admin/month), Peony records every NDA acceptance with the signer's email address, IP address, exact timestamp, and the specific version of the NDA document they accepted. All data is protected with AES-256 encryption at rest and TLS 1.3 in transit on SOC 2-ready infrastructure. Peony is GDPR, CCPA, and HIPAA compliant. The click-to-accept record meets the standard for enforceable electronic agreements under the ESIGN Act and eIDAS regulation. Your compliance team can export the full audit trail at any time, showing who signed, when they signed, and which version they accepted. Firmex and Ideals charge enterprise-tier pricing for comparable audit detail, while DocSend provides no NDA audit trail at all.
Related features
Visitor Groups
Set different NDAs per group — one flow for committed LPs, another for prospective investors.
E-Signatures
Collect legally binding signatures on NDAs, contracts, and agreements without leaving Peony.
Two-Factor Authentication
Require email-based identity verification before anyone can view your shared documents.
Password Protection
Require a password before anyone can view your shared documents or data rooms.