Confidentiality Agreement


Security of the Confidential Information
The Recipient agrees to protect and maintain the confidential nature of this Confidential Information.  The Recipient must not permit any other person to use the Confidential Information or use for any other purpose other than reviewing this business for their possible purchase.  The Recipient must take reasonable steps to enforce these confidentiality obligations. The Recipient agrees not to use the Confidential Information obtained to operate in competition with this business.

Return of Confidential Information
If the Recipient does not proceed to purchase the business, they agree to respect and safeguard the privacy of the Seller by either returning to First National Commercial Coorparoo the Confidential Information and any related material or destroying or deleting the relevant documentation.

Inspections
All inspections of the business will be by appointment only and organised through First National Commercial Coorparoo. The Recipient agrees not to attempt to inspect the business or the premises upon which the business is conducted or to contact the Seller directly other than through First National Commercial Coorparoo or its authorised Salesperson or Broker.

Acknowledgement
It is the Recipient’s responsibility to verify and confirm all information provided and agrees not to hold First National Commercial Coorparoo and or its salespersons and/or authorised personnel responsible for its accuracy, liability, or any loss suffered in relation to the provision of the information.

First National Commercial Coorparoo is an agent to the Seller. It and or its personnel are not Investment or Financial Advisors. First National Commercial Coorparoo does not investigate or make any professional or other judgments about the material supplied by the Seller.

Definitions:

  • Confidential Information is all information submitted or disclosed to the Recipient by First National Commercial Coorparoo.
  • Confidential Information is all information learned or access by the Recipient during negotiations, discussions and meetings.
  • Confidential information is information which the Recipient knows or ought to reasonably be expected to know is confidential in any agreement, arrangement or understanding in relating to the business
  • Information means information, inventions and ideas, which may be oral, written, recorded or stored by electronic media.

To assess and inspect the business listed below for the sole purpose of purchasing the business.

Confidentiality Agreement