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It is understood and agreed to that we the BROKER identified herein will provide disclosure of confidential information that must not be disclosed or shared with anyone other than BROKER, SELLER and their financial and legal advisors. To ensure the protection of such information, and to preserve any confidentiality necessary under patent and/or trade secret laws, it is agreed to the following terms of this Non-Disclosure Agreement.
BUYER agrees all information provided by BROKER to BUYER is confidential and its disclosure to others may be damaging and detrimental to the business and that BUYER agrees not to provide information regarding a disclosed business to anyone except those who are disclosed and directly involved in a sale and their financial or legal advisors or as ordered by law.
BUYER agrees not to contact SELLER (s) nor anyone that is related to the business (including but not limited to suppliers and employees) without written permission from BROKER. BUYER further agrees that all requests or questions for SELLER will be done through the BROKER.
BUYER agrees that they will be personally liable to pay BROKER for the BROKER's fee paid by the SELLER if BUYER does any act that results in harm to SELLER's business or BROKER's contract rights with SELLER. Such acts include but are not limited to BUYER making any information disclosed to them on a business public thereby breaking the strict confidentiality of the transaction or BUYER using any information provided by SELLER for their own personal gain other than purchasing SELLER's business or anything associated with said business .
BUYER agrees and understands that BROKER represents SELLER and his or her interests based on a contract with the SELLER and that BROKER has no contracted rights with BUYER. Be it understood that the BROKER's duty is limited only to negotiating the sale of the business at mutually agreed upon terms and conditions between BUYER and the SELLER. Our compensation will be received from the Seller unless other arrangements are made with you in writing.
The BUYER'S signature below acknowledges a complete understanding of ALL terms contained on this agreement.
It is agreed and understood that this Non Disclosure Agreement has neither time limit nor geographic range.