Upon your execution
of this Confidentiality Agreement, American Business Brokers (“Broker”)
will deliver to you (the “Potential Buyer”), information
on the business or businesses listed below. This information is intended
solely for the limited use by Potential Buyer in considering whether
Potential Buyer will pursue an offer to acquire the business or businesses.
The Information will contain brief, selected information pertaining
to the business and affairs of the business and does not purport
to be all-inclusive or to contain all of the Information, which a
prospective purchaser may desire or require. Neither Owner, Broker
nor any of their respective officers, employees or agents makes any
representation and no liability of any kind whatsoever is assumed
by Owner or Broker with respect thereto.
The
parties agree that the delivery of the information is subject
to the following terms, covenants and conditions:
- Potential Buyer agrees to treat confidentially the information,
whether the information is furnished before or after the date
of this letter, together with analysis, compilations, studies
or other documents or records prepared by Potential Buyer and
its directors, officers, employees, advisors or representatives
and financing sources (collectively “Representatives”),
to the extent that such analysis, compilations, studies, documents
or records contain or otherwise reflect or are generated from
such information (collectively, the “Material”).
- Potential Buyer agrees that its Representatives will not duplicate,
photocopy or otherwise reproduce the information in whole or
in part or otherwise use or permit it to be used in any fashion
or manner detrimental to the business or the interest of Owner.
That the Material shall be used solely for the purpose of evaluating
the proposed acquisition of the business and that such Material
shall be kept confidentially by Potential Buyer; provided, however,
that any of the Material may be disclosed to such representative
who need to know the information contained therein for the purposed
described above, it being understood the Potential Buyer shall
(a) inform each such representative of the confidential nature
of such information and require such representative to treat
such information confidentially; and (b) maintain a list of those
persons to whom such information has been disclosed, which list
shall be presented to Owner or Broker upon request
- Potential Buyer agrees to indemnify Owner from any loss or
damage, which Owner may suffer as a result of their breach of
the terms and conditions of this Agreement. In the event of a
breach or threatened breach of this Agreement, Owner shall be
entitled to all remedies at law and equity, including injunctive
relief and if Owner prevails in an action against Potential Buyer
shall be responsible for all reasonable attorney’s fees
and costs incurred by Owner in the prosecution of such action.
- Potential Buyer agrees it will return all Information upon
request by Broker.
- The Materials shall not be deemed to represent
the state of affairs of the business or constitute that there
has been no change in the business or affairs of the Business
since the date of preparation of the Information. Owner does
not warrant or represent that the Information is true or correct.
You are advised to verify the Information independently. Owner
reserves the right to make any change, to add, to delete, or
modify the Information or to withdraw the business from consideration
at any time, without notice. The Information is not to be construed
as an offer, an expression of intent, an obligation, or as
part of any contract or commitment, to sell the Business.
- Potential Buyer represents and warrants that it has not had
any discussion or dealings regarding the business with any other
broker, finder or agent other than American Business Brokers
and hereby agrees that the obligation to pay any such brokerage
commission, except for the compensation due to American Business
Brokers, is an obligation of Potential Buyer and agrees that
it shall not look to Owner for the payment of any such brokerage
commission. Potential Buyer will not contact any employees, suppliers,
customers or Owner of the business without prior authorization
from Broker.
- For a period of one year beginning on the date of this Agreement,
the Potential Buyer agrees not to circumvent this Agreement by
attempting to surreptitiously or secretly purchase and/or invest
in the business or businesses introduced to the Potential Buyer
by American Business Brokers. That should they buy, lease, become
a manager of, become connected in any way, or come into possession
of any of the listed businesses within one year of the date below,
even if the listing period for that business has expired, that
a commission will be due to American Business Brokers; and in
the event of a breach of this agreement, that they will be liable
for the payment of that commission and all reasonable costs including
interest, collection costs, and attorneys fees.
- American Business Brokers does not give tax, accounting, or
legal advice. That prior to finalizing an agreement to purchase
the business, it is my responsibility to make an independent
verification of all information. I agree that American Business
Brokers is not responsible for the accuracy of the information
I receive and I agree to indemnify and hold American Business
Brokers harmless from any claims or damages resulting from its
use.
Please acknowledge
your consent and agreement to the foregoing by *signing and returning
a duplicate copy to us, at which time the same shall constitute a
binding Agreement between us.
This agreement, dated _______________,
2008, by and between AMERICAN BUSINESS BROKER’S (Broker)
and ____________________________________ (herein referred
to as “Potential Buyer”),
whose address, phone numbers and email addresses follow:
Name |
|
Street Address |
|
City, State& Zip
Code |
|
Phone Number |
|
Fax Number |
|
Email Address |
|
Name Business of Interest |
|
Listing ID or "Profile Number" |
|
Sources of Funds Available |
|
|
|
Investment Price Range |
|
TO |
|
Co. Name & Address (if applies) |
|
|
|
Sign - *Authorized
Representative |
|
American Business Brokers |
|
|