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Confidentiality and Non-Circumvention Agreement
This Non-Disclosure and
Non-Circumvention Agreement (the Agreement) is entered into as of
_______________, 2008 between USA Business Brokers, Inc. (Broker) with it’s
principal place of business at 18950 US Hwy. 441 #109, Mount Dora, Florida
32757 and/or its affiliates and
___________________________________________(Recipient) with regard to the
prospective sale of that certain business listed with USA Business Brokers,
Inc. and described by the code ___________________.
Recitals
The Broker is furnishing
certain Confidential Information (as defined in Section 1 of the Agreement
below) to the Recipient, that is proprietary to Broker’s Client, in an effort
to buy/sell, exchange, trade, lease or option commercial/investment real estate
and/or business assets, going concern value, common stock, inventory and/or
accounts receivable.
The Broker and Broker’s
Client are willing to disclose the Confidential Information to the Recipient
for the limited purpose, and subject to the terms and conditions, set forth in
this Agreement.
Agreement
1. Definition of
Confidential Information. For purposes of this Agreement, the term
"Confidential Information" means all information disclosed to the
Recipient by or on behalf of the Broker’s Client either directly or indirectly
and either in writing or orally, relating to the disclosure of business
information. The Information includes, without limitation, any data or
information related to the business or assets of the Broker’s Client, and it’s
services, developments, processes, plans, financial information, assets,
forecasts and projections. Information shall also include the terms of this
Agreement.
2. Use of Confidential
Information. The Recipient shall use the Confidential Information
exclusively for the purpose of: evaluating potential business relationships and
opportunities with the Broker’s Client. Except as required by law, the
Recipient shall not disclose any Confidential Information to any third party
excepting employees of the Recipient who have expressly agreed in writing to be
bound by the terms of this Agreement or make use of any Confidential
Information in any manner without the Broker’s Client prior written consent,
that may be given or withheld by the Broker’s Client in his sole discretion.
3. Non-Circumvention.
In consideration of the Broker’s Client disclosure of the Confidential
Information, the Recipient shall not at any time prior to the date immediately
preceding the second anniversary date of this Agreement, with regard to the
purchase and sale of the business operation, attempt in any manner to deal
directly in any manner or circumvent the Broker or otherwise exploit the
relationship with the Broker's Client or attempt to directly contact the
Broker’s Client without express permission from the Broker.
4. Ownership and Return
of Confidential Information. The Recipient acknowledges that the Recipient
has no Ownership or proprietary rights in the Confidential Information. Upon
the Broker’s request, the Recipient shall immediately return to the Broker all
Confidential Information provided to them, and shall retain no materials
relating thereto, including copies of, notes on, or abstracts of, any
Confidential Information.
5. Information
Disclosure. Any information given herewith, or received at any time by
Broker, is obtained from sources we deem reliable. However, Broker and its
representatives are not responsible for misstatements of facts, errors,
omissions, prior sale, withdrawal from market or change in price. No warranty
of any kind, whether expressed or implied, is given.
6. Further Agreements.
Nothing contained in this Agreement shall be deemed, by implication or
otherwise, to convey to the Recipient any rights in any Confidential
Information, nor shall this Agreement be deemed a commitment of any kind by
either the Broker, Broker’s Client or the Recipient to enter into any further
Agreements with each other with respect to any Confidential Information.
6.1 The validity,
construction and performance of this Agreement shall be governed by the
internal laws of the State of Florida, without regard to provisions regarding
conflicts of law.
6.2 This Agreement,
including any attached Exhibits, constitutes the entire Agreement between the
Broker and the Recipient concerning this agreement, and replaces all previous
communications, representations, understandings, and Agreements, whether verbal
or written between the Broker and the Recipient or any official or
representative of either of them.
In witness of this, the
Broker and the Recipient have executed this Agreement as of the day and year
first written above.
USA Business Brokers, Inc.
Recipient:
___________________________
_________________________
John C.
Sliman President/Broker
______________Date
_______________Date
PLEASE COMPLETE THE FOLLOWING TO BE HELD IN STRICTEST
CONFIDENCE:
Cash available to invest?
$___________________Any Partners or investors? Y______N______
Names
& Phone numbers of Partners:
___________________________________________________________________
Buyers Address:
_______________________________________________________________________
Phone: ______________________Fax:
__________________
Email:
______________________________________
Sources of funds:
___________________________________________
Prior Business Ownership:
_________________________________________________________
USA Business Brokers, Inc. 866-343-1266, Info@usabbi.com, www.usabbi.com