Middlesex Massachusetts Acuerdo de confidencialidad y comisión entre el corredor comercial y el comprador potencial - Nondisclosure and Commission Agreement Between Business Broker and Prospective Buyer

• Category: Confidencialidad y no divulgación - Comisiones - Contratos
• State: Multi-State
• County: Middlesex
• Control #: US-00495BG
• Format: Word

Description

Este formulario es un acuerdo general de confidencialidad y comisión entre un corredor comercial y un posible comprador. Middlesex Massachusetts Nondisclosure and Commission Agreement Between Business Broker and Prospective Buyer is a legal document that establishes the terms and conditions regarding the confidentiality of sensitive information and the commission payable to the business broker in the Middlesex County, Massachusetts area. This agreement is highly relevant for individuals or entities seeking to buy or sell a business through a professional broker in this specific region. The Middlesex Massachusetts Nondisclosure and Commission Agreement serves as a legally binding contract between the business broker and the prospective buyer. It safeguards the interests of all parties involved by addressing critical aspects such as confidentiality, non-disclosure, and the payment of commission fees. In terms of its structure, the Middlesex Massachusetts Nondisclosure and Commission Agreement typically consists of the following sections: 1. Introduction: This segment provides a brief overview of the purpose of the agreement, stating the parties involved and the businesses being considered for sale. 2. Definitions: This section includes specific definitions of key terms used throughout the document to ensure clarity and common understanding. 3. Confidentiality Obligations: This part outlines the non-disclosure and confidentiality requirements for the prospective buyer. It highlights that all information provided by the business seller or broker should be treated as confidential and prohibits the sharing of such information with third parties without prior written consent. 4. Ownership of Information: This section clarifies that all proprietary and financial information shared by the business seller or broker remains their exclusive property. It stresses that the prospective buyer will not assert any rights over this information. 5. Use of Information: This segment specifies that all information shared should only be used for the purpose of assessing the business for potential acquisition. It prohibits the potential buyer from using the information for competing or damaging purposes. 6. Non-Circumvention Clause: This clause aims to prevent the potential buyer from bypassing the business broker and directly contacting the business seller or disclosing confidential information to other third-party brokers. 7. Commission Agreement: This part establishes the terms and conditions for the payment of commission to the business broker in the event of a successful transaction. It includes provisions regarding the percentage of commission, the payment schedule, and any additional expenses that may be applicable. 8. Term and Termination: This section outlines the duration of the agreement and the circumstances under which either party can terminate the agreement. 9. Governing Law and Jurisdiction: This segment states the applicable laws and jurisdiction in Middlesex County, Massachusetts, in case of any disputes or legal issues arising from the agreement. It's important to note that while the structure and content of the Middlesex Massachusetts Nondisclosure and Commission Agreement remain similar across different cases, the specific terms and conditions may vary depending on the business broker, prospective buyer, and the nature of the business being negotiated.

Middlesex Massachusetts Nondisclosure and Commission Agreement Between Business Broker and Prospective Buyer is a legal document that establishes the terms and conditions regarding the confidentiality of sensitive information and the commission payable to the business broker in the Middlesex County, Massachusetts area. This agreement is highly relevant for individuals or entities seeking to buy or sell a business through a professional broker in this specific region. The Middlesex Massachusetts Nondisclosure and Commission Agreement serves as a legally binding contract between the business broker and the prospective buyer. It safeguards the interests of all parties involved by addressing critical aspects such as confidentiality, non-disclosure, and the payment of commission fees. In terms of its structure, the Middlesex Massachusetts Nondisclosure and Commission Agreement typically consists of the following sections: 1. Introduction: This segment provides a brief overview of the purpose of the agreement, stating the parties involved and the businesses being considered for sale. 2. Definitions: This section includes specific definitions of key terms used throughout the document to ensure clarity and common understanding. 3. Confidentiality Obligations: This part outlines the non-disclosure and confidentiality requirements for the prospective buyer. It highlights that all information provided by the business seller or broker should be treated as confidential and prohibits the sharing of such information with third parties without prior written consent. 4. Ownership of Information: This section clarifies that all proprietary and financial information shared by the business seller or broker remains their exclusive property. It stresses that the prospective buyer will not assert any rights over this information. 5. Use of Information: This segment specifies that all information shared should only be used for the purpose of assessing the business for potential acquisition. It prohibits the potential buyer from using the information for competing or damaging purposes. 6. Non-Circumvention Clause: This clause aims to prevent the potential buyer from bypassing the business broker and directly contacting the business seller or disclosing confidential information to other third-party brokers. 7. Commission Agreement: This part establishes the terms and conditions for the payment of commission to the business broker in the event of a successful transaction. It includes provisions regarding the percentage of commission, the payment schedule, and any additional expenses that may be applicable. 8. Term and Termination: This section outlines the duration of the agreement and the circumstances under which either party can terminate the agreement. 9. Governing Law and Jurisdiction: This segment states the applicable laws and jurisdiction in Middlesex County, Massachusetts, in case of any disputes or legal issues arising from the agreement. It's important to note that while the structure and content of the Middlesex Massachusetts Nondisclosure and Commission Agreement remain similar across different cases, the specific terms and conditions may vary depending on the business broker, prospective buyer, and the nature of the business being negotiated.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.