Confidentiality Agreement for Selling a Business

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  • Pages: 5+3 (User Guide)
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  • Language: English

See 2 pages of the document

Index

Parties
Clauses

  • 1. No announcement of diclosure
  • 2. Use of confidential information
  • 3. Permission to disclose confidential information
  • 4. Authorised recipients
  • 5. Return of confidential information
  • 6. Employees

  • 7. Business and financial information
  • 8. Representation or warranty
  • 9. Damages
  • 10. Waiver
  • 11. Data protection
  • 12. Subsidiaries
  • 13. Law and Jurisdiction

Signatures

Description

The Confidentiality Agreement for Selling a Business can be used to protect a company’s confidential information when a third party is interested in purchasing either the entire issued share capital or the assets of the company. This type of Agreement is also known as Business Sale Non-Disclosure Agreement (NDA).

The Agreement protects the goodwill of the business, and the sensitive information (financial details, commercial or technological secrets) which is brought forward in the process of negotiations between the Seller and the potential Buyer.

This type of Confidentiality Contract is normally used when a company is engaged in negotiations for the sale of the business, such as mergers and acquisitions, investments discussions, negotiations about joint ventures or discussions with consultants or financial institutions about selling and purchasing businesses.

This Agreement is suitable as a template to protect confidential information in the sale of a small business which is not established as a limited company or for the sale of stock and other assets by a limited company.

Other documents commonly used in M&A, partnerships, investment, as well as purchase of a business are:

Index

Parties
Clauses

  • 1. No announcement of diclosure
  • 2. Use of confidential information
  • 3. Permission to disclose confidential information
  • 4. Authorised recipients
  • 5. Return of confidential information
  • 6. Employees

  • 7. Business and financial information
  • 8. Representation or warranty
  • 9. Damages
  • 10. Waiver
  • 11. Data protection
  • 12. Subsidiaries
  • 13. Law and Jurisdiction

Signatures

Description

The Confidentiality Agreement for Selling a Business can be used to protect a company’s confidential information when a third party is interested in purchasing either the entire issued share capital or the assets of the company. This type of Agreement is also known as Business Sale Non-Disclosure Agreement (NDA).

The Agreement protects the goodwill of the business, and the sensitive information (financial details, commercial or technological secrets) which is brought forward in the process of negotiations between the Seller and the potential Buyer.

This type of Confidentiality Contract is normally used when a company is engaged in negotiations for the sale of the business, such as mergers and acquisitions, investments discussions, negotiations about joint ventures or discussions with consultants or financial institutions about selling and purchasing businesses.

This Agreement is suitable as a template to protect confidential information in the sale of a small business which is not established as a limited company or for the sale of stock and other assets by a limited company.

Other documents commonly used in M&A, partnerships, investment, as well as purchase of a business are: