Business Sale Nondisclosure Agreement
Our agreement with the Seller(s) requires that we obtain a Business Sale Nondisclosure Agreement (the “Agreement”) and evidence of financial ability before disclosing the name and location of the business. This information will be kept confidential.
In consideration of the __________________ ("Broker") providing the Information on the businesses for sale, we understand and agree:
1. (a) That any proprietary information provided on any business is sensitive and confidential, and that its disclosure to others may be damaging to the businesses and their owners. The term proprietary information does not include any information which is, or becomes, generally available to the public.
(b) Not to disclose, for a period of three (3) years from the date we sign this Agreement, any information regarding these businesses to any other person who has not also signed this Agreement, except to secure the advice and recommendations of my business advisors (accountants, attorney, etc.). "Information' as used in this Agreement shall include the fact that the businesses are for sale, plus any other data provided.
(c) Not to contact the business owners or their landlords, franchisors, employees, suppliers or customers except through Broker. All correspondence, inquiries, offers to purchase and negotiations relating to the purchase or lease of any business presented by Broker will be conducted exclusively through Broker.
(d) Not to circumvent or interfere with Broker's contract with the Seller(s) in any way. We understand that if we interfere with Broker's contract right to its fee from Seller(s), we may be personally liable to Broker for payment...
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