NDA Form

  • BUYER CONFIDENTIAL NON-DISCLOSURE AGREEMENT BROKER DISCLOSURE

    Our agreement with the Seller requires that we obtain a Non-Disclosure and evidence of financial ability before disclosing the name and location of his/her business. This information will be kept confidential.

    In consideration of the broker providing the information on businesses for sale, I/we understand and agree:

    1. (a) That any information provided on any business is sensitive and confidential, and that its disclosure to others may be damaging to the businesses and their owners.
      (b) Not to disclose, for a period of three years from the date I/we sign this Non-Disclosure Agreement, any information regarding thesebusinesses to any other person who has not also signed this Agreement, except to secure the advice and recommendations of my businessadvisors (accountants, attorneys, etc.). “Information” as used in this Agreement shall include the fact that the businesses are for sale, plusany other data provided.
      (c) Not to contact the business owners or their landlords, 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 conductedexclusively through Broker.
      (d) Not to circumvent or interfere with Broker’s contract with the Seller in any way, I/we understand that if I/we interfere with Broker’scontract right to its fee from Seller, I/we may be personally liable to Broker for payment of the Seller’s fee. We understand that should I/webecome a manager or otherwise connected with any of the businesses shown or offered to me/us for sale, or should I/we buy, trade, leaseor exchange any of the businesses disclosed to me/us, then a fee will be due to Broker. I/we understand that if I/we make the purchasethrough Broker, I/we will not be liable for the fee to be paid by Seller to Broker.
    2. That all information regarding businesses for sale is provided by the Seller or other sources and is not verified in any way by Broker. Brokerhas no knowledge of the accuracy of said information and makes no warranty, express or implied, as to the accuracy of such information.Understanding that, I/we shall make an independent verification of said information prior to entering into an agreement to purchase anybusiness. I/we agree that Broker is not responsible for the accuracy of any of the information I/we receive or fail to receive, and I/weagree to indemnify and hold Broker and its agents harmless from any claims or damages which may occur by reason of the inaccuracy orincompleteness of any information provided to me/us with respect to any business I/we might purchase.
    3. That should I/we enter into an agreement to purchase a business, I/we will provide a financial statement and a personal and businesshistory, and I/we authorize the Seller to obtain through standard reporting agencies financial and credit information about me/us or thecompanies I/we represent
    4. That Broker is not an agent for me/us, but is an agent for the Seller and has a contract providing for a fee to be paid to Broker by Sellerupon sale, trade, lease, or transfer of Seller’s business or property
    5. I/we acknowledge that we will receive confidential information about the Seller’s business, operations, customers, and employees and agreenot to start a business similar to the sellers listed above and not to solicit or contact Seller’s employees or customers for a period of threeyears from the date herein. In the event Buyer for whatever reason does not purchase the business, Buyer agrees to immediately return toBroker any and all materials related to Seller without retaining any copies

    I/we acknowledge that I/we have received an exact copy of this Agreement and that I/we have read this Agreement carefully and fully understand it

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