Non-Disclosure Agreement
1. Parties: Disclosing Party: bXb Business Brokers, representing the ("the Company") for sale.
Receiving Party: Any Potential Buyer or related associates.
2. Purpose: The Disclosing Party intends to disclose certain confidential and proprietary information ("Confidential Information") to the Receiving Party for the purpose of evaluating a potential purchase of the Company.
3. Definition of Confidential Information: Confidential Information includes all non-public information disclosed by the Disclosing Party, either directly or indirectly, in writing, orally, or by inspection of tangible objects, relating to:
Business operations and strategies
Financial information
Customer and supplier details
Marketing strategies
Intellectual property
Any other information that, by its nature, should be considered confidential
4. Obligations of Receiving Party: The Receiving Party agrees to:
Maintain the confidentiality of the Confidential Information.
Not disclose the Confidential Information to any third party without the prior written consent of the Disclosing Party.
Use the Confidential Information solely for the purpose of evaluating the potential purchase.
Take all reasonable measures to protect the confidentiality of the Confidential Information.
5. Exclusions from Confidential Information: Confidential Information does not include information that:
Is or becomes publicly known through no breach of this Agreement by the Receiving Party.
Was rightfully known to the Receiving Party before disclosure by the Disclosing Party.
Is disclosed to the Receiving Party by a third party without breach of any obligation of confidentiality.
Is independently developed by the Receiving Party without use of or reference to the Disclosing Party's Confidential Information.
6. Term: This Agreement shall remain in effect for a period of [specify duration, e.g., two years] from the date of execution.
7. Return of Materials: Upon termination of this Agreement or upon request, the Receiving Party shall promptly return or destroy all materials containing Confidential Information.
8. No License: Nothing in this Agreement grants the Receiving Party any rights to or under any patents, copyrights, or other proprietary rights of the Disclosing Party.
9. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Washington.
