What is a Business Broker: this is what a business broker can do for you!

What is a Business Broker exactly? And why should you decide to work with a business broker to either sell your business or buy a business? For many, it is not very clear which role a business broker can play whilst sell or buying a business. There are many aspects that come with our profession and […]

15 questions to ask when buying a business

Buying a business is a fantastic way to get yourself on the ladder to successfully living the entrepreneurial life of your dreams without the gruelling task of starting everything from scratch. It could be the first step on the journey of a lifetime; A lifetime of freedom and success- provided (and this is very important) […]

7 things to think about when considering taking over a business

Taking over a business is a fantastic way of getting yourself into the entrepreneurial game, without the stress and strain of starting from scratch! If you are looking to run your own business, but lack experience or just don’t have that big idea yet… why not consider taking over a business? Still not sure? Keep […]

Buying into a business: 15 things to think about

Do you dream of being your own boss and running your own business but feel overwhelmed at the idea of starting from scratch? Or perhaps you have the entrepreneurial spirit but are lacking experience or that golden business idea? The good news is, you don’t have to create a business to own and run one… […]

How to find a business broker that optimizes your results

When selling or buying a business it’s smart to collaborate with a business broker. But how to find a business broker that optimizes your results, someone that has your best interest at heart. These five indicators will help you determine if you’re talking to the right partner. Why use a business broker  When it comes […]

10 reasons why buying an online business is a smart investment

The prominence of the digital environment means it is difficult to find services that aren’t offered online these days. This is not only convenient for consumers but also those in the market for a business. While an increasing number of people are opting to start their own businesses, there are a range of benefits to […]

Why use a business broker: 10 reasons for using a business broker

Why use a business broker you ask yourself? Business brokers, what are they? What do they do? When should you use a business broker? Breaking down the role of a business broker comes from understanding what goes to the buying and selling of a business. As is the case with houses, a transaction involving a […]

Business due diligence: what is it and why do you need it

So you’ve just been on one end of a business transaction, where the offer has been accepted. Welcome to the world of business due diligence! What is business due diligence? Anyone who has bought or sold a business knows that one of the most important parts of the transaction comes after the offer has been […]

7 reasons for buying an existing business

Buying an existing business can be similar to solving a jigsaw puzzle in the sense that many pieces of information need to be gathered for a complete assessment of the business. It’s important to fully understand the history of the business because it will influence the future of your potential new company. You might be […]

CONFIDENTIALITY DISCLOSURE AGREEMENT

  • The disclosers are willing to disclose such information to the recipient subject to their acceptance of the following conditions:
    1. The recipient shall treat all information received from the discloser as confidential and shall ensure that all such information remains confidential and shall not use any such information in any way other than for the specific purpose aforesaid. The recipient acknowledges that all conditions subsequent in this disclosure apply to the recipient and any associates of the recipient be they partners, co‐directors, trustees, holders of shares or officersin entity(s) the recipient has interest in.
    2. The obligations of paragraph 1 shall not extend to any such information which is in the public domain, or which hereafter becomes part of the public domain otherwise than as a result of any unauthorised activity or omission of the recipient, or which is already in the possession of the recipient and was not derived from the disclosers.
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    4. The obligations set forth in paragraph 1, 2 and 3 shall terminate 12 months from the date of this agreement or upon the disclosers and the recipients entering into an agreement whichever event occursfirst.
    5. The recipient shall obtain no rights of any kind to such information other than for the specific purpose stated in this agreement.
    6. The receiving party will not utilise any material made available to improve, construct or change another business, in such a way as to allow that business to compete with the business being discussed.
    7. The recipient understands that the information has been compiled by GMO from details provided by the Vendor. Prospective purchasers should be aware that it is not intended that any projections or this information be treated as a representation, warranty or promise by GMO or its representatives, as to the correctness of the information, or that all relevant information is contained in the information provided.
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    9. The recipient hereby agrees to declare any beneficial interest in any business that could currently be interpreted as being in competition with the subject business.
    10. The recipient agrees to return all documents supplied within 50 days of receipt (and any copies) should they decide not to proceed. The recipient further agrees to destroy any electronic information supplied by the Seller or GMO and to instruct their professional advisors to also destroy any information passed on by the Seller, the recipient or from GMO.
    11. The recipient acknowledges they are precluded from physically visiting the premises of the business or talking to any client, supplier or employee of the business without the permission of the discloser.
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