Review and Accept the Non-Disclosure Agreement
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Confidentiality and Non-Disclosure Agreement
This Confidentiality and Non-Disclosure Agreement (“Agreement”) is entered into between SFA Advisors, LLC (“SFA”), acting on behalf of the owner of the business being offered for sale (“Seller”), and the prospective purchaser (“Prospective Buyer”). In consideration for receiving confidential information regarding a business offered for sale through SFA, the Prospective Buyer agrees as follows:
1. Confidential Information
“Confidential Information” includes any non-public information provided regarding the business or Seller, whether provided by SFA, the Seller, or their representatives. This may include the identity and location of the business, financial statements, revenue and earnings information, pricing, customer and vendor information, employee information, contracts, operations, assets, intellectual property, business practices, and other information relating to the business.
2. Confidentiality
The Prospective Buyer agrees to keep all Confidential Information strictly confidential and to use it solely for the purpose of evaluating the potential acquisition of the business.
The Prospective Buyer will not disclose Confidential Information to any third party except professional advisors, lenders, or other parties directly involved in evaluating or financing the potential acquisition who have a legitimate need to know the information and who are expected to maintain its confidentiality.
The Prospective Buyer is responsible for protecting Confidential Information shared with such parties.
3. No Direct Contact
Unless specifically authorized by SFA or the Seller, the Prospective Buyer agrees not to contact the Seller, employees, customers, vendors, landlords, competitors, or other parties associated with the business regarding the potential sale.
All initial communications and requests for additional information should be directed through SFA.
4. No Representation or Warranty
The Prospective Buyer understands that information regarding the business may have been provided by the Seller or other third parties. Neither SFA nor its representatives make any representation or warranty regarding the accuracy or completeness of such information.
The Prospective Buyer is responsible for conducting their own independent investigation and due diligence before entering into any transaction.
5. No Obligation to Complete a Transaction
Nothing in this Agreement obligates the Prospective Buyer, Seller, or SFA to proceed with a transaction. The Seller may accept, reject, or discontinue discussions with any prospective purchaser at any time.
6. Return or Destruction of Information
Upon request, the Prospective Buyer agrees to return, delete, or destroy Confidential Information received in connection with the potential transaction, except for information required to be retained by law or ordinary electronic backup systems.
7. Term
The confidentiality obligations under this Agreement will remain in effect for one (1) year from the date of acceptance.
8. Electronic Acceptance
By submitting the inquiry form and checking the box indicating acceptance of this Agreement, the Prospective Buyer acknowledges that they have read, understand, and agree to be bound by its terms. Electronic acceptance will have the same force and effect as a written signature.