This Broker Listings Access and Nondisclosure Agreement (this “Agreement”), is entered into effective as of [Effective Date] (the “Effective Date”), by and between [Buyer Name], an individual (the “Buyer”), and Savadd Business Brokers, LLC (the “Broker”). Each of Buyer, and the Broker are sometimes individually referred to herein as a “Party” and collectively as the “Parties.”
WHEREAS, the Buyer desires to receive Confidential Information (as defined below) for the purpose of due diligence on, and the potential to enter confidential purchase negotiations with one or more businesses listed for sale by the Broker (the “Business Purpose”);
WHEREAS, each seller (each, a “Seller”) has entered into a listing engagement with the Broker to assist in the sale of the Seller’s business (the “Business”);
WHEREAS, in order to pursue the Business Purpose, the Broker will disclose to the Buyer, on behalf of each Seller, Confidential Information (as defined below) to be used only for the Business Purpose;
WHEREAS, the Seller(s) is(are) willing to disclose such confidential information to the Buyer upon the terms and conditions contained in this Agreement, including the Buyer’s covenants to comply with the terms and conditions of this Agreement; and
WHEREAS, the Broker is willing to provide access to Broker’s business listings to the Buyer upon the terms and conditions contained in this Agreement, including the Buyer’s covenants to comply with the terms and conditions of this Agreement.
Now, therefore, in consideration of the mutual covenants, representations, warranties, and agreements contained in this Agreement, the Parties agree as follows: