Promise Not To Disclose/Locator's Agreement
I promise not to discuss or disclose to any third party that any business(es) listed by Central Coast Business Brokers or its agents, that may be for sale, exchange, transfer or otherwise disposed of. I further agree not to disclose any facts learned about the business(es) to any third parties, including employees, customers, vendors, the owners of said business(es), other prospective buyers, or others. The information and or records about these businesses obtained by me shall not be used for competitive use in any business, present or future. I understand that information disclosed to others could cause a loss of business and or create injury in employer and employee relationships. Should any legal action be taken against me as a result of breach of this agreement the prevailing party shall be entitled to court cost and attorney fees as awarded by the courts.
The aforementioned and following information has not been verified by Central Coast Business Brokers or its agents. They are not responsible for accuracy or omissions of information contained herein. I declare that the above information I have given is correct.
It is agreed that Central Coast Business Brokers has introduced me to the places of business(es) that are listed on their web site, or presented in person, or by phone, and is the first to disclose the information about said business(es) for sale or lease as provided to Broker by the owner of said business(es). The information about said business(es) has not been verified by Broker or its agents, it is my responsibility as prospective Buyer of said business(es) to confirm all facts and figures with the owner of said business(es). I agree that should I or any person acting directly or indirectly for the Buyer on Buyer's behalf, purchase, possess, lease rent, obtain an option for, or gain any interest in become a manager of, or become connected in any way with businesses described herein or otherwise introduced to me by Broker within one (1) year from date hereof, that I will protect and guarantee Central Coast Business Brokers rights to a commission. I hereby agree to pay Broker ten (10) percent of the total sales of the property if I interfere in any way with the Broker's right to commission from Seller, and I would be personally liable for the payment of that commission. It is agreed that if I make the purchase through your office, I am not liable for a commission.
It is further agreed that I request that Broker please tell me later about any other businesses for sale that Broker may think will interest me. I agree that Broker's Log Book/e-mail records will be sufficient addendum to this agreement, as a record of phone call/e-mails to me about other businesses. I am acting as principal not as Broker or agent.
Broker agrees to use his best effort to locate a business suitable for the Buyer's needs, and will from time to time supply information to buyer businesses which may or may not be subject matter of a formal sales authorization.
Each of the undersigned understands that this is a legally binding document and has fully read and understands it and agrees to all the terms and conditions, including any addendum hereto and acknowledges receipt of a copy of this contract.
Do Not Talk To Owners Or Employees
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