Confidentiality Agreement
Buy Sell Lease Confidentiality Agreement
Confidentiality:
Purchaser acknowledges (a) that information and/or documentation (“information”) relating to the business and/or locations (“facilities”) listed on the reverse side hereof and furnished to Purchaser by Broker has not been previously presented to or made available to Purchaser except through Broker, (b) that the information will not disclosed by Purchaser to anyone without the prior consent of Broker; and (c) that Purchaser will not enter into any meeting, negotiation, or agreement relating to any such facility, except through Broker. Purchaser acknowledges that Broker has not conducted any independent investigation, verification, or evaluation of the information provided to Purchaser, and that Broker offers no warranties or representations concerning the accuracy of the information. Purchaser agrees to rely solely upon their own independent inquiry and research relating to any such facility prior to closing.
Commission:
Purchaser agrees that Broker will be paid its commission by the seller (“Seller”). In the event Purchaser or any client or affiliated or related party or entity of Purchaser buys, leases, manages, invests in, lends to, is employed by, or otherwise comes into possession or constructive control of any such facility during the period of one year following the date of this agreement. Purchaser agrees to cause the obligation for the payment of the commission by Seller to be included in any agreement with Purchaser relating to any such facility, and to affirmatively cause the commission to be paid by Seller to Broker at closing. Following such payment, Purchaser will have no obligation or liability for the payment of any commission to Broker. Purchaser will not close on any transaction on any such facility until Broker is paid its commission by Seller, or until Broker otherwise enters into a written commission agreement with Seller. Purchaser further acknowledges and affirms that if an event, described in the first sentence of this clause, occurs and the Purchaser fails to cause the Seller to pay the commission due to the Broker, Purchaser will thereby be jointly and severable liable for the commission due to the Broker on said transaction, and that the Broker may look to the Purchaser for full satisfaction of the obligation without first seeking relief from the seller.
Purchaser Representation (Confidentiality) Agreement
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20 Years Experience
With over 20 years industry experience, Buy Sell Lease will match you with the right buyer or seller that meets your individual requirements. We will answer your questions and help you navigate the challenges of Buying a Business, Selling a Business, Selling an Existing Franchise or Developing a new New Franchise, Business Transfers, Intermediary, Exit Strategies including Commercial Leasing.