Non-Disclosure Agreement
(Collectively "Receiving Party")
BusinessWeSell
AUTHORIZED AGENT NAME: Mr Ajaykumar Dighe
Address: 39028 Mondell Pine Ave, Palmdale, CA 93551
Phone: +1 (626) 475-3076
Email: info@businesswesell.com
Website: BusinessWeSell.com
(Collectively "BusinessWeSell")
BACKGROUND FACTS:
A. The Receiving Party has agreed to enter into this Agreement with BusinessWeSell and its authorized agent to proceed with negotiations regarding certain confidential business opportunities.
B. It is recognized that in view of the foregoing, it is reasonable and necessary for the parties to enter into this Agreement.
IN CONSIDERATION of mutual premises and promises set out in this Agreement, the parties hereby agree as follows:
1. Confidential Information
1.1 The Receiving Party acknowledges being introduced to, or will receive, the names and confidential information including, but not limited to, individuals, prospective investors, buyers, sellers, business opportunities, proprietary information, and financial information (collectively "Confidential Information") which is the confidential information of BusinessWeSell. Due to the nature of the potential transaction, including but not limited to, purchase and sale, trade, or assignment(s), the confidential business description has been set out below.
1.2 The Receiving Party requested from BusinessWeSell the Confidential Information in relation to the Receiving Party's consideration of a potential transaction. The Receiving Party shall treat the Confidential Information according to this Agreement and shall not use the Confidential Information in any way that could harm BusinessWeSell or the clients to whom the Confidential Information pertains.
1.3 The Receiving Party shall only use the Confidential Information for the sole purpose of evaluating the possible transaction(s) between BusinessWeSell, its clients, and the Receiving Party. The Receiving Party agrees to keep the Confidential Information and all related correspondence, whether verbal or written, strictly confidential and shall not disclose it to any other person or party, except to the Receiving Party's directors, officers, accountants, consultants, and solicitors ("Evaluators") who need this information to evaluate the transaction.
1.4 The Receiving Party shall inform its Evaluators of the confidential nature of the Confidential Information and take all necessary steps to ensure they comply with this Agreement. If any disclosure is required, it may only be made with prior written consent from an authorized agent of BusinessWeSell.
1.5 The Receiving Party shall direct its Evaluators not to disclose that discussions or negotiations are taking place between BusinessWeSell, its clients, and the Receiving Party, nor provide any information about the possible transaction(s), including the status of said transaction.
1.6 The Receiving Party shall ensure that its Evaluators, employees, and any other representatives, jointly and severally, and all present or future affiliated individuals or companies, including their officers, directors, shareholders, employees, agents, or representatives, do not approach or attempt to directly deal with the clients of BusinessWeSell.
1.7 The Receiving Party shall only deal with authorized agents of BusinessWeSell in relation to the subject business or investment.
1.8 The Receiving Party and its affiliated entities will not circumvent this Agreement or future agreements in an attempt to gain the benefits granted to BusinessWeSell.
1.9 The Receiving Party shall not take any action to directly or indirectly benefit from the Confidential Information provided by BusinessWeSell without its consent. If the Receiving Party violates any provision of this Agreement, they irrevocably agree to pay BusinessWeSell 5% of the total transaction amount as damages, plus applicable taxes, and return any fees collected without BusinessWeSell's consent. BusinessWeSell is entitled to recover legal costs in any litigation regarding this Agreement.
1.10 If the Receiving Party does not proceed with the transaction within a reasonable time, they shall promptly return any confidential materials to BusinessWeSell.
1.11 This Agreement is valid for three (3) years from the signing date.
1.12 If any part of this Agreement is declared invalid, the remainder will still be enforceable.
1.13 Any amendments to this Agreement must be in writing and signed by all parties to be effective.
1.14 The parties are not partners or joint ventures, and no party is liable for the other's commitments.
1.15 This Agreement may be executed in counterparts, and any form of transmission (e.g., email) will have the same effect as the original.
1.16 The headings in this Agreement are for reference only and do not affect its interpretation.
1.17 This Agreement constitutes the entire agreement between the parties, superseding all prior discussions or agreements.
1.18 The singular includes the plural and vice versa, and personal references include corporations.
1.19 This Agreement benefits BusinessWeSell and its clients in consideration of receiving confidential materials.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date written below.
Signature:
Name:
Date:
