The policy authorizes Faire to disclose all categories of personal information it holds to a buyer or successor entity in the event of a merger, acquisition, asset sale, bankruptcy, or similar transaction, treating user personal data as a transferable asset.
This analysis describes what Faire's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision reserves the right to transfer personal information of all users to an acquiring or successor entity without requiring individual consent at the time of transfer; under GDPR, such transfers may require assessment of the legal basis and whether the successor entity's processing purposes remain compatible with the original collection purposes.
The updated terms expand the types of data collected and how that data is used and shared. For retailers, Faire now explicitly collects inferred or predicted business attributes (store type, category) and implements automated decision-making to determine credit limits and payment terms based on credit risk assessment. Business profile information, including store type, location, and engagement data, may now be displayed to other marketplace users and Brands to facilitate ordering and transactions. For users applying for Faire Pay, the policy now authorizes collection of Social Security numbers and employment information, shared with Lead Bank for credit assessment. You can review your account privacy settings to limit visibility of certain profile information to other users.
View change record →Under this provision, in the event of a merger, acquisition, or asset sale, all personal data Faire holds, including retailer and brand contact information, transaction history, payment data, and communications, may be transferred to a new entity as part of the transaction. EU/EEA and UK users should note that such a transfer may require a new legal basis assessment under GDPR.
Cross-platform context
See how other platforms handle Business Transfer Data Sharing and similar clauses.
Compare across platforms →"We may disclose your personal information to a buyer or other successor in the event of a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Faire's assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which personal information held by Faire about our users is among the assets transferred.Excerpt from Faire's Privacy Policy
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This provision reserves the right to transfer personal information of all users to an acquiring or successor entity without requiring individual consent at the time of transfer; under GDPR, such transfers may require assessment of the legal basis and whether the successor entity's processing purposes remain compatible with the original collection purposes.
Under this provision, in the event of a merger, acquisition, or asset sale, all personal data Faire holds, including retailer and brand contact information, transaction history, payment data, and communications, may be transferred to a new entity as part of the transaction. EU/EEA and UK users should note that such a transfer may require a new legal basis assessment under …
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