The Recipient: as above
The Disclosing Party: Multi Business Sales, PO Box 131, Everton Park, Queensland 4053
A: The Disclosing Party is in possession of information relating to:
Listing: - -
CONFIDENTIALITY AGREEMENT ON PURCHASE OF
I, the person listed above acknowledge that I am Interested in businesses listed by a Partner / Member / Business Broker / Agent of Multi Business Sales. (MBS)
1. The information provided is solely for the purpose of evaluating the opportunity to purchase the business from the seller, through the Business Broker who is engaged to sell the business on behalf of the Seller.
2. I acknowledge I will receive information from the Partner / Member / Business Broker / Agent of MBS, verbally in printed and electronic form, Including
(a) Non verified and unaudited trading results and or profit and loss reports, balance sheets, budgets and forecasts
(b) Industry information, costs/expenses, projected trading estimations, sales, marketing and employment details, profile information
I acknowledge that all the information provided on the business remains the property of the Business Broker or the Seller.
3. That the profile and its information are to be used and accepted as a guide only. All information contained in it is my responsibility to verify and confirm, as it is based on information supplied by the Sellers of the business. MBS Business Partners / Members / Business Brokers / Agents disclaim any expressed or implied warranty relating to the accuracy of the information provided. I accept any liability or loss suffered by me in relation to the information contained in the profile.
4. I agree to keep the information provided by the Business Broker is Confidential and I will not disclose the information to any third party (other than my advisors, accountant, banker or solicitor) without the consent of the Business Broker.
5. I acknowledge, that as a result of perusing the business profile and material, and during the course of the inspection of the business I will become aware of information regarding the operation of the business and in particular the marketing of the business which is personal to the seller and which has real financial value to the Seller. I acknowledge that should such information become known to the Seller’s competitors or other parties interested in setting up a similar business in opposition to the Seller or used by ourselves in the operation of a similar business that these actions could cause financial hardship to the Seller and therefore the Seller might seek compensation. Except when particular information is unique to an industry and all like organisations and businesses would under normal operational circumstances become aware of such information do and conduct such business operations in the course of their endeavours.
6. All inspections of the business are to be by appointment, arranged through the Business Broker and I agree not to attempt to inspect the business or the premises upon which the business is carried on, or contact the Seller or staff personally directly other than through and with the Business Broker.
7. I will obtain my own independent financial and business advice and if I choose not to proceed with the business I will return, dispose of or delete all information provided by the Business Broker on the business.
8. Acceptance of the Profile or any information on a business from the Business Broker constitutes acceptance of this Confidentiality Agreement and the
Recipient acknowledges by completing his or her details on this form.
Executed as an Agreement 26 Jan 21