This is the standard non-disclosure agreement buyers sign before accessing confidential information about a listing.
1. Purpose
The buyer receives confidential information solely to evaluate a potential acquisition of the listed business.
2. Confidential information
Includes the business name, URL, financial statements, customer data, technical details, data room documents and any information marked or reasonably understood as confidential.
3. Obligations
The buyer will keep the information confidential, use it only for the stated purpose, and share it only with advisors who are bound by equivalent obligations.
4. Non-solicitation
The buyer will not contact the seller’s customers, employees, suppliers or partners about the business without the seller’s written consent.
5. Term
Obligations last two years from the date of signing, or until the information becomes public through no fault of the buyer.
6. Return or destruction
If the transaction does not proceed, the buyer will delete or return confidential information on request.