ENLIGN Business Brokers

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CONFIDENTIALITY AGREEMENT / AGENCY DISCLOSURE NOTICE

Signature block below

THIS AGREEMENT, (“Agreement”) is effective as of September 25, 2022, between ENLIGN Business Brokers, Inc., d.b.a. ENLIGN Advisors, a North Carolina Corporation; ENLIGN Commercial, LLC, a North Carolina Limited Liability Company, both having their principal place of business at 2009 Caminos Drive, Raleigh, NC 27607 (cumulatively “ENLIGN”) and (“Participant“).

In consideration of the promises, the delivery and sufficiency of which is hereby acknowledged, the parties agree as follows:

  1. GENERAL.  This Agreement establishes a Confidentiality and Agency Disclosure Agreement between ENLIGN and Participant to facilitate the discussion and exchange of confidential information regarding businesses and/or real-estate represented by ENLIGN (“Seller”). It is contemplated, pursuant to this Agreement that ENLIGN will hereafter disclose to Participant said confidential information. Participant understands that all confidential information provided by ENLIGN of any type in all forms is protected.

  2. ROLE.  ENLIGN is representing Seller as marketing agent of business assets and/or real estate.  ENLIGN’s duty is limited to assisting in the sale of the business and/or sale/lease of real estate at mutually agreed upon terms and conditions between Participant and Seller. ENLIGN is typically compensated by Seller but, with Buyers prior knowledge and consent may be compensated by Participant and said compensation may be based all or in part on the total transaction value.

  3. RESPONSIBILITIES.  As professionals, ENLIGN is obligated to treat Participant honestly and with integrity.  This duty of good faith dealing towards Participant co-exists with ENLIGN’s fiduciary obligations to ENLIGN’s client, the Seller.  ENLIGN nor ENLIGN Commercial are representing Buyer unless a separate agreement has been executed as such.

  4. CAVEAT EMPTOR.  ENLIGN and its brokers do not audit, investigate or otherwise confirm or validate the information, facts, or figures that will be provided to Participant by Seller or other agents of Seller. It is therefore understood that ENLIGN and its brokers make no representations or warranties, either expressed or implied, with respect to their accuracy or completeness of information, nor invite or encourage full reliance upon them.  You, as Participant, are urged to verify personally all information, facts, and figures presented to you from any source and to rely upon that verification and/or that of your own legal, tax, and financial advisor(s).  In any and all cases, Participant and its assigns agree to hold ENLIGN and its brokers/agents/employees/assigns harmless from any and all claims which Participant may encounter including, but not limited to, any and all inaccurate or misleading disclosures made by Seller in connection with such transaction. 

    Participant agrees to instruct the attorney drafting the transaction documents to include verbatim the following language in the definitive purchase agreement, regardless of how it may be captioned:

    The Seller, Buyer or Participant acknowledge that they have not relied upon any advice, promise, inducement, representation, warranty, commitment, guarantee, or opinion of any kind, either verbal or in writing, of ENLIGN, its agents, employees, or representatives in connection with any aspect of this transaction. It is acknowledged and understood by Buyer or Participant and Seller that ENLIGN acted as a conduit of information between the Seller and Buyer or Participant, and that ENLIGN has relied entirely upon the representations made by the parties without any independent investigation. The Buyer or Participant and Seller each represent and warrant that they have independently conducted their own investigations and due diligence with regard to the purchase and sale.   The parties’ respective principals hereby acknowledge that each of them has previously executed an agreement containing a hold harmless provision with respect to the involvement of ENLIGN in this transaction which is hereby incorporated.

  5. REFERRALS. Legal, accounting, financing, and buyer agent referrals are available upon request.  It is agreed that neither ENLIGN nor its affiliate representatives shall have any liability with respect to the performance or lack thereof by any third party to whom ENLIGN provides a referral.  Should Participant engage a referred third party, any fees or costs associated with said representation shall be the responsibility of Participant.

  6. OBLIGATIONS.  Participant shall: (a) safeguard and keep strictly confidential from any and all third parties, excepting Participant’s own professional advisors utilized in conjunction with evaluating Seller’s business or in consummating the actual sale transaction, all Confidential Information, as defined in Paragraph 7 below, that Participant may obtain in the course of the disclosure process concerning Seller’s business and/or commercial real estate; and (b) use Confidential Information provided by Seller solely for purposes of evaluating the potential business transaction and for no other purpose whatsoever.

  7. CONTACT.   Participant, Assigns, and Advisors shall not, without the express knowledge and permission from Seller and/or Broker, visit the business, contact the business, former or current employees, competitors, vendors, bankers, customers, prospects or if a franchise the franchisor, other franchisees or other related parties.

  8. CONFIDENTIAL INFORMATION. “Confidential  Information”  shall  mean  all  information disclosed under this Agreement, including, without limitation:

    (a) any data or information that is competitively sensitive material, and not generally known to the public, including, but not limited to, information relating to product plans, business plans, marketing & advertising strategies, finance, employees, general operations and methodologies, customer relationships, vendor relationships, customer profiles, sales estimates, customers and clients or prospects of any of the foregoing; and;

    (b) all confidential or proprietary concepts, documentation, reports, data, specifications, computer software, source code, know-how, trade secrets, whether or not patentable or copyrightable explicitly including the fact that the company is being marketed for sale and;

    (c) any other information a reasonable seller would not want known by the public or its competitors.

  9. PERIOD OF AGREEMENT.  This Agreement shall commence September 25, 2022, and shall expire on the latter of

    (i) the date that the contemplated sales transaction is consummated;
    (ii) two (2) years from the commencement date of this Agreemenet.
    (iii)

    Upon termination, all Confidential Information in electronic or physical form in Participant’s possession, custody, or control shall be returned to broker or destroyed by Participant immediately.

  10. NO LICENSE. Participant agrees that ENLIGN and/or Seller maintain all rights to the Confidential Information and no license or other rights are granted or conveyed by their providing the Confidential Information to Participant.  All Confidential Information is provided by ENLIGN or its Brokers without any representation, warranty, assurance, guarantee, or inducement, express or implied, regarding its accuracy or performance.

  11. EQUITABLE RELIEF. The parties agree that monetary damages may not be a sufficient remedy for breach by Participant of the confidentiality and other obligations under this Agreement. Accordingly, in addition to all other remedies that either party may have, a party shall be entitled to specific performance and injunctive or other equitable relief as a remedy for any breach of the confidentiality and/or other obligations of this Agreement. The parties agree to waive any requirements for a bond in connection with any such injunctive or other equitable relief.

  12. MISCELLANEOUS. This Agreement shall be governed and construed in accordance with the laws of the State of North Carolina. In any action brought for the enforcement or interpretation of this Agreement or for damages, the party which prevails in whole or in part shall be entitled, in addition to any other relief granted, to receive from the other party reasonable attorney’s fees and all costs of the action. Participant may not assign its rights under this Agreement to any other party in full or part, and any attempt to do so shall constitute a breach of this Agreement. This Agreement is not intended to and shall not otherwise constitute, create, give effect to, or otherwise recognize a joint venture, pooling arrangement, partnership or other formal business organization of any kind.

  13. ENTIRE AGREEMENT. This Agreement constitutes the entire understanding between the parties with respect to the subject matter herein, and the parties hereto agree that the terms and conditions set forth herein shall supersede all prior representations, agreements, statements and understandings, whether oral or in writing. This Agreement shall only be modified through a document mutually signed by Participant and an authorized representative of ENLIGN.

  14. WEBSITE USE AND PARTICIPANT REGISTRATION. I understand that the Terms and Conditions outlined herein explicitly extend to any and all information transmitted via www.enlign.com, www.enlignadvisors.com, www.enligncommercial.com or any other websites or electronic mediums including virtual deal rooms, telephone, text, fax and email. I have registered as a prospective buyer on ENLIGN’s website and completed the buyer profile accurately and in its entirety.

    PARTICIPANT(S) CERTIFY THAT ALL PROVIDED INFORMATION IS TRUE AND CORRECT AND ACKNOWLEDGES READING, UNDERSTANDING, ACCEPTING AND RECEIVING OF A COPY OF THIS THREE (3) PAGE NON-DISCLOSURE STATEMENT / CONFIDENTIALITY AGREEMENT / AGENCY DISCLOSURE AGREEMENT.

Name

Organization

Email

Phone (Mobile Preferred)

Are you a United States Citizen?

Address (United States)

Address (International)
 

Do you have non-borrowed liquid funds available for a business acquisition equal or greater than 10% of the total purchase price?

Principal Buyer

Other

Potential Competitor

Listing Interest

Listing URL

Listing ID

Listing Price

Listing Agent
()

WORKING WITH REAL ESTATE AGENTS DISCLOSURE (FOR BUYERS)

IMPORTANT

This form is not a contract. Signing this disclosure only means you have received it.

  • In a real estate sales transaction, it is important that you understand whether an agent represents you.
  • Real estate agents are required to (1) review this form with you at first substantial contact - before asking for or receiving your confidential information and (2) give you a copy of it after you sign it. This is for your own protection.
  • Do not share any confidential information with a real estate agent or assume that the agent is acting on your behalf until you have entered into an agreement with the agent to represent you. Otherwise, the agent can share your confidential information with others.

Note to Agent: Check all relationship types below that may apply to this buyer.

Buyer Agency

Dual Agency & Designated Dual Agency

Unrepresented Buyer (Seller subagent)

*Any agreement between you and an agent that permits dual agency must be put in writing no later than the time you make an offer to purchase.

Note to Buyer: For more information on an agent’s duties and services, refer to the NC Real Estate Commission’s “Questions and Answers on: Working With Real Estate Agents” brochure at ncrec.gov (Publications, Q&A Brochures) or ask an agent for a copy of it.

Buyer Print Name:  
Date: September 25, 2022
Agent's Name: Carina L. Lisboa
Agent’s License Number: 288522
Firm Name: ENLIGN Commercial, LLC
Buyer Initials:  

Leave this empty:

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Signed by Jeff Snell
Signed On: August 10, 2022


Signature Certificate
Document name: {{gravity-field-id-10}}
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TimestampAudit
March 21, 2022 1:51 pm EDT{{gravity-field-id-10}} Uploaded by Jeff Snell - [email protected] IP 93.143.145.254
March 21, 2022 1:52 pm EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 89.172.241.36
March 21, 2022 1:53 pm EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 89.172.241.36
April 18, 2022 7:12 am EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 93.143.187.50
April 25, 2022 2:27 pm EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 93.143.147.186
April 26, 2022 4:06 am EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 93.141.138.235
April 26, 2022 4:19 am EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 93.141.138.235
May 2, 2022 12:01 pm EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 93.143.147.76
May 3, 2022 3:58 am EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 89.172.225.173
July 22, 2022 12:29 pm EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 2a02:214c:864e:6400:2475:2474:ccdb:c0ca
July 22, 2022 12:30 pm EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 2a02:214c:864e:6400:2475:2474:ccdb:c0ca
August 2, 2022 1:06 pm EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 93.143.140.200
August 9, 2022 11:16 am EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 93.143.140.210
August 10, 2022 4:07 am EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 93.143.145.254
August 10, 2022 10:03 am EDTEnlign NDA Parseur Account - [email protected] added by Jeff Snell - [email protected] as a CC'd Recipient Ip: 93.143.145.254