Buyer has requested information from Broker for the purpose of evaluating a possible acquisition of the Property “Information”. The Owner of the property has instructed Broker to deliver information concerning the Property, much of which is highly confidential, only to those potential Buyers who sign this Agreement.
Buyer, including advisors and agents, agree as follows:
-Not to disclose the fact that discussions concerning a possible sale of the property may be taking place to any other person or entity beyond Buyer’s immediate advisors.
-Not to disclose, permit the disclosure of, release, disseminate or transfer, any information obtained hereunder (“Information”) to any other person or entity beyond Buyer’s immediate advisors.
-If Buyer is a corporation, partnership, limited liability company or other non-natural legal entity, that the person(s) signing this Agreement has the authority to bind the entity to this agreement.
-All Information shall be used for the sole purpose of evaluating the potential acquisition of Property and it shall not at any time, or in any manner, be used for any other purpose including, but not limited to, competing with Owner and/or Broker.
-This Agreement applies to all Information received from Broker, now or in the future, which is not readily available to the general public. Buyer understands that all information shall be deemed confidential, valuable and proprietary such that its unauthorized disclosure, even without intent to harm, could cause substantial and irreparable harm to Owner and Broker.
- Buyer shall inform its advisors and agents of this Agreement and that they are subject to it and will remain the responsible party for any breach of this Agreement, whether by Buyer or by persons receiving Information from or through Buyer.
- Buyer discloses that it is acting as a principal and not on behalf of any other party in conjunction with the purchase of the Property and that in the event Buyer, including advisors, do act on behalf of other parties, Buyer agrees that no confidential information shall be subsequently shared with other clients, persons or entities without a separate Agreement.
- Neither Broker nor Owner make any representations or warranty, express or implied, as to the accuracy or completeness of any information provided by them. Buyer assumes full and complete responsibility for reconfirmation and verification of all information received and expressly waives all rights of recourse against Owner and Broker with respect to the same.
- Seller reserves the right to terminate discussions with Buyer at any time and for any reason, in its sole discretion.
This Agreement shall be governed and construed in accordance with the laws of the State of Arizona. The parties acknowledge and agree that, in the event of any action or claim arising hereunder, venue shall be proper only in a court of competent jurisdiction in Maricopa County, Arizona. If any one or more of the provisions herein shall be held or found to be invalid, illegal or unenforceable in any respect, the remaining provisions shall not in any way be affected or impaired thereby.