Business Purchase Confidentiality Agreement

Business Purchase Confidentiality Agreement Template for England and Wales

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Key Requirements PROMPT example:

"I need a Business Purchase Confidentiality Agreement to protect sensitive information during the sale of my technology manufacturing company, with specific provisions for protecting customer data and software source code, and I want it to last for 3 years from January 2025."

Document background

The Business Purchase Confidentiality Agreement is essential when conducting due diligence for potential business acquisitions in England and Wales. It's typically used before detailed negotiations begin, when sensitive business information needs to be shared. This agreement protects the disclosing party's confidential information while allowing the receiving party to evaluate the business opportunity. It covers financial data, trade secrets, customer lists, and other proprietary information, establishing clear guidelines for information handling and consequences of unauthorized disclosure.

Suggested Sections

1. Parties: Identification and details of the parties entering into the agreement

2. Background: Context of the potential business purchase and need for confidentiality

3. Definitions: Key terms used throughout the agreement including 'Confidential Information'

4. Confidentiality Obligations: Core obligations regarding use and protection of confidential information

5. Permitted Disclosures: Circumstances under which confidential information may be shared

6. Return of Information: Obligations regarding return or destruction of confidential information

7. Duration: Period for which confidentiality obligations remain in force

Optional Sections

1. Non-Solicitation: Prevents approaching employees/customers; include when protecting against poaching of staff or customers

2. Exclusivity: Prevents negotiating with other parties; include when requiring exclusive negotiation period

3. Data Protection: Specific provisions for personal data handling; include when personal data will be shared

Suggested Schedules

1. Description of Confidential Information: Detailed list of information covered by the agreement

2. Authorized Recipients: List of individuals/entities permitted to receive information

3. Security Measures: Required procedures for protecting confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Let's create your Business Purchase Confidentiality Agreement

Authors

Alex Denne

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