This confidentiality agreement is between "Dial-A-Driver" Australia Pty Limited and a recipient interested in purchasing a business listed for sale. It protects confidential documents and financial information provided about the listed businesses. The recipient agrees only to use the confidential materials to evaluate a potential commercial relationship and not disclose the information to others without permission. If negotiations fail, the recipient must return or destroy all confidential materials received within 3 business days.
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Confidentiality agreement (1)
1. ¡°¶Ù¾±²¹±ô-´¡-¶Ù°ù¾±±¹±ð°ù¡±
Australia
Pty. Limited
CONFIDENTIALITY AGREEMENT
SCHEDULE 1 - THE CONFIDENTIAL INFORMATION
All materials, documents (business profile or financial profile) and records pertaining
to that particular or any business of interest listed with Foresight Business Sales.
SCHEDULE 2 - THE PURPOSE
Evaluation of a possible commercial relationship between the Recipient and the
Informant in relation to purchasing the business / entity as identified in Schedule 1.
RECITALS
A. There are matters described in Schedule 1 (¡°the Confidential Information¡±) which
the Informant will provide to the Recipient. The Recipient wants to evaluate the
Confidential Information for the purpose described in Schedule 2 (¡°the Purpose¡±).
B. The Confidential Information is confidential and valuable to the Informant.
Unauthorised use or disclosure of the Confidential Information may cause
Irreparable harm to the Informant.
C. The Informant and the Recipient agree that the Informant will disclose the
Confidential Information to the Recipient on the following terms:-
OPERATIVE PART
Informant's obligations
1. The Informant will endeavour to include in the Confidential Information all matters
in its possession that are reasonably necessary for the Purpose.
2. The Informant will ensure that the Confidential Information is as complete and
accurate as possible to enable the Recipient to achieve the Purpose.
3. The Informant warrants that to the best of its knowledge and belief, its disclosure
of the Confidential Information and the Recipient's use of the Confidential
Information in accordance with this Agreement, does not infringe any law, nor is it
a breach of any agreement to which the Informant is a party.
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2. ¡°¶Ù¾±²¹±ô-´¡-¶Ù°ù¾±±¹±ð°ù¡±
Australia
Pty. Limited
4. The Informant will ensure that any information provided by the Recipient to the
Informant in respect of the Purpose remains confidential.
Recipient's obligations
5. The Recipient can only use the Confidential Information for the Purpose. The
Recipient must not use, or permit the use of, the Confidential Information in a
Manner or for a purpose that is detrimental to the Informant.
6. The Recipient's obligation to keep the Confidential Information confidential will not
apply to the following:
(a) Confidential Information that is public knowledge or becomes generally
available to the public, except where the information has become public
through a breach of this Agreement;
(b) Confidential Information that was known to the Recipient on a nonconfidential
basis prior to its disclosure by the Informant;
(c) Confidential Information that was available to the Recipient from a third
party whose direct or indirect source was not the Informant.
7. The Recipient shall not disclose, divulge or provide the Confidential Information,
or the fact that the Confidential Information is being provided to the Recipient, to
any person without the prior written consent of the Informant. However, the
Recipient may disclose the Confidential Information to the following without prior
Written consent:
(a) A limited number of Directors (as defined in the Corporations Act), officers
And employees of the Recipient on a strictly ¡°need to know¡± basis; and
(b) The local representatives, accountants, financiers, legal and financial
Advisers of the Recipient on a strictly ¡°need to know¡± basis.
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3. ¡°¶Ù¾±²¹±ô-´¡-¶Ù°ù¾±±¹±ð°ù¡±
Australia
Pty. Limited
8. If the Recipient is required by law to disclose the Confidential Information, prior
Written consent is not required. However, the Recipient undertakes to:
(a) Immediately notify the Informant of any actual or anticipated requirement of
The law to disclose the Confidential Information; and
(b) Use its best endeavours to withhold the disclosure until the Informant has
had reasonable opportunity to oppose the disclosure by lawful means.
Return of confidential information
9. If the Purpose is not achieved or negotiations between the Informant and the
Recipient regarding the Purpose cease:
(a) The Informant can serve written notice to the Recipient to return the
Confidential Information to the Informant;
(b) Within three (3) business days of the receipt of the written notice, the
Recipient must return all originals, copies and extracts to the Informant;
(c) The Recipient will not retain any originals or copies of any document
Containing the Confidential Information or any part thereof; and
(d) The return of the documents will be at the Recipient's expense.
Transfer of obligations
10. The Recipient cannot assign, transfer or otherwise dispose of its obligations in
This Agreement, either in whole or in part.
Recipient's employees, agents etc
11. The Recipient must ensure that its directors, officers, employees, legal or
Personal representatives, accountants, financiers or financial advisers comply
With the provisions of this Agreement which impose any obligation on the
Recipient as if such people are party to the Agreement. A breach of such a
Provision by one of those people will be regarded as a breach of this Agreement
by the Recipient.
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4. ¡°¶Ù¾±²¹±ô-´¡-¶Ù°ù¾±±¹±ð°ù¡±
Australia
Pty. Limited
Breach of Agreement
12. If the Recipient breaches a provision of this Agreement, the Informant will be
entitled to seek all appropriate remedies, including monetary damages and
interim, interlocutory or permanent injunctions against the Recipient, its directors,
officers, employees and agents.
Interpretation
13. Each provision of this Agreement is deemed to be separate from the other
provisions. If any of the provisions of this Agreement are not enforceable, all other
provisions remain valid and enforceable in accordance with their terms.
14. Clause headings do not affect interpretation of this agreement.
Jurisdiction
15. This Agreement is to be governed and construed by the laws of Queensland. The
parties agree to submit to the non-exclusive jurisdiction of the courts of
Queensland.
Non-circumvention
16. For twelve (12) months after the effective date of this Agreement, the Recipient
and its directors, officers, employees and agents will not make any effort to
Circumvent the terms of this Agreement in an attempt to gain the benefits or
Considerations granted to it under the Agreement by taking any actions to
Indirectly gain the benefits of the Confidential Information, including but not limited
to forming a contract of sale directly with the disclosing party or business of
Interest or any other business listed with Foresight Business Sales.
17. All inspections of businesses must be made by appointment through the Agent
only. I/we agree not to inspect any business or the premises upon which any
business is located or to contact any Seller or their employees directly other than
through and with the Agent.
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5. ¡°¶Ù¾±²¹±ô-´¡-¶Ù°ù¾±±¹±ð°ù¡±
Australia
Pty. Limited
Financial Statements
18. All As the Recipient named in this Agreement, I/we acknowledge and agree that
any materials supplied by Sellers relating to the businesses may include Nonverified
and non-audited trading results and/or profit and loss reports, add-back
schedules, related industry's averaged and/or approximate costs/expenses and
projected trading estimation. All information supplied is my/our responsibility to
verify and confirm, and I/we agree not to hold the Agent and/or its salespersons
and authorised personnel responsible for its accuracy, liability, or loss suffered by
me/us in relation to the information contained in any business or financial profile
and related documentation. I/We understand that the Agent and or its personnel
are not investment and financial advisors. Their role in this matter is to simply
relay information of any business in question, as provided by any Seller in their
capacity as a representative of the Seller. I/We understand the Agent does not:
(i) investigate the truth or accuracy of the information given to us nor go through any due diligence
process in relation to it
(ii) make any professional or other judgment about the materials supplied by any Seller and
(iii) assess the truth or accuracy of the information provided to us by any Seller.
THIS AGREEMENT OF CONFIDENTIALITY is made between:
1. ¡°the Informant¡± Name: ¡°¶Ù¾±²¹±ô-´¡-¶Ù°ù¾±±¹±ð°ù¡± Australia Pty Limited (all agents & representatives)
AND
2. ¡°the Recipient¡± Business of Interest or Reference
#:___________________________________________
Name: _____________________ ___ Address: _______________________________
State: _____ Post Code: _______ Business (if applicable): ________________________
ACN/ABN: _________________ Phone: ________________ Fax: _________________
Mobile: ____________________ Email: _______________________________________
Finance Required: Yes / No Experience: ____________________________________
Signed (by the Recipient): ________________________________ Date: ____/____/____
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