¶¶Òõ¶ÌÊÓƵ

The Business Sale Non Disclosure Agreement is a crucial document used in Pakistani business transactions when a company or its assets are being considered for sale. It serves as a legal safeguard during the preliminary stages of business sale negotiations, where sensitive commercial information needs to be shared with potential buyers for due diligence purposes. Operating under Pakistani law, particularly the Contract Act 1872 and Companies Act 2017, this agreement ensures that confidential business information, trade secrets, financial data, and other proprietary information are protected from unauthorized disclosure or misuse. The document is essential before commencing detailed discussions or due diligence processes, particularly when sharing sensitive information about business operations, financials, customer bases, or trade secrets. It includes specific provisions for information handling, permitted uses, and consequences of breach, all tailored to the Pakistani legal context.

1. Parties: Identification of the disclosing party (business seller), receiving party (potential buyer), and any guarantors or related entities

2. Background: Context of the potential business sale and purpose of sharing confidential information

3. Definitions: Key terms including 'Confidential Information', 'Business', 'Permitted Purpose', 'Representatives', and 'Transaction'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of the business sale

5. Permitted Use and Disclosure: Specific purposes for which confidential information can be used, including due diligence and evaluation of the business

6. Non-Disclosure Obligations: Core confidentiality obligations and security measures required to protect the information

7. Representatives and Third Parties: Rules regarding sharing information with employees, advisors, and other authorized persons

8. Duration and Survival: Time period for confidentiality obligations and provisions that survive termination

9. Return or Destruction of Information: Requirements for handling confidential information if the transaction doesn't proceed

10. Non-Circumvention: Prohibition on using confidential information to compete or circumvent the business sale process

11. Remedies and Indemnification: Legal remedies available in case of breach, including injunctive relief and damages

12. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes