BUSINESS SALE CONFIDENTIALITY AGREEMENT

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By submitting this form electronically, you acknowledge and agree to be bound by the terms of confidentiality regarding any information provided about this business.

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Terms and Conditions of Confidentiality

1. Confidentiality Obligations
1.1 The Recipient agrees to keep secret and protect the confidential nature of all Confidential Information provided.
1.2 The Recipient must not use the Confidential Information for any purpose other than evaluating the opportunity to purchase the business.
1.3 The Recipient must not permit any unauthorised persons to access or use the Confidential Information.

2. Disclosure to Personnel
2.1 The Recipient may disclose Confidential Information to their professional advisors or staff only on a strict need-to-know basis, provided they are made aware of, and comply with, the terms of this Confidentiality Agreement.
2.2 The Recipient remains responsible for ensuring that their personnel do not breach these confidentiality obligations.

3. Return or Destruction of Information
Upon request, or if the Recipient decides not to proceed with the purchase, all copies of Confidential Information must be promptly returned, destroyed, or permanently deleted, as directed by the business owner.

4. No Warranty or Liability
4.1 The Confidential Information is provided without any representation or warranty as to its accuracy or completeness.
4.2 The Recipient must make their own independent assessment of the information.
4.3 The business owner accepts no liability for any loss arising from reliance on the Confidential Information.

5. Breach and Remedies
5.1 The Recipient must immediately notify the business owner if they become aware of any unauthorised use or disclosure of the Confidential Information.
5.2 The Recipient indemnifies the business owner against any loss arising from breach of these confidentiality obligations.
5.3 The business owner may seek injunctive relief or other legal remedies in the event of a breach.

6. Duration of Obligations
This confidentiality obligation remains in force indefinitely, unless and until the Confidential Information enters the public domain (other than through a breach by the Recipient).

7. Governing Law
This agreement is governed by the laws of the State of New South Wales, Australia. The parties submit to the non-exclusive jurisdiction of the courts of that State.

8. Definitions

  • Confidential Information includes all business, financial, customer, supplier, operational and technical information provided, whether oral, written, or electronic, that is not publicly available.

  • Recipient means the person or entity receiving the Confidential Information for the purpose of evaluating the opportunity to purchase the business.