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Business Sale Non Disclosure Agreement
"I need a Business Sale Non Disclosure Agreement for my technology startup in Bangalore, with specific provisions for protecting source code and customer data, as we're planning to share sensitive information with a multinational corporation interested in acquiring us."
1. Parties: Identification of the disclosing party (seller), receiving party (potential buyer), and any guarantors or related entities involved in the transaction
2. Background: Context of the potential business sale and purpose of sharing confidential information
3. Definitions: Detailed definitions including 'Confidential Information', 'Business Sale Transaction', 'Authorized Representatives', 'Permitted Purpose', and other key terms
4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of the business sale
5. Obligations of Confidentiality: Core confidentiality obligations, including use restrictions and standard of care
6. Permitted Disclosures: Circumstances under which confidential information may be shared with advisors, employees, or as required by law
7. Data Protection and Security: Specific measures required to protect confidential information, including digital security requirements
8. Term and Survival: Duration of confidentiality obligations and which provisions survive termination
9. Return or Destruction of Confidential Information: Requirements for handling confidential information after discussions end
10. Remedies: Legal remedies available in case of breach, including injunctive relief
11. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments
1. Non-Solicitation: Optional clause preventing solicitation of employees or customers, recommended when the potential buyer could be a competitor
2. Standstill Provisions: Restrictions on acquiring company shares or assets outside the proposed transaction, relevant for listed companies
3. Anti-Trust Compliance: Special provisions for competition law compliance, necessary when parties are competitors
4. Data Room Access Rules: Specific rules for accessing and using virtual or physical data rooms, needed for larger transactions
5. Representative Warranties: Additional warranties about the authority to receive information and maintain confidentiality, useful for complex corporate structures
6. Non-Circumvention: Prevents the receiving party from circumventing the disclosing party in the transaction, important for broker-involved deals
7. Reverse Engineering Prohibition: Specific prohibition on reverse engineering products or processes, important for technical businesses
1. Schedule 1 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
2. Schedule 2 - Specific Categories of Confidential Information: Detailed listing of categories of information considered confidential
3. Schedule 3 - Security Protocols: Specific security measures and protocols for handling confidential information
4. Schedule 4 - Excluded Information: List of information specifically excluded from confidentiality obligations
5. Appendix A - Data Room Rules: Detailed rules and procedures for data room access and usage
6. Appendix B - Information Return/Destruction Certificate: Template certificate confirming return or destruction of confidential information
Authors
Manufacturing
Technology
Retail
Healthcare
Financial Services
Real Estate
Hospitality
E-commerce
Telecommunications
Automotive
Pharmaceuticals
Energy
Infrastructure
Professional Services
Media and Entertainment
Legal
Finance
Corporate Development
Mergers & Acquisitions
Executive Leadership
Business Development
Compliance
Risk Management
Information Security
Strategy
Corporate Secretarial
Due Diligence
Chief Executive Officer
Chief Financial Officer
Managing Director
Corporate Development Manager
M&A Director
Legal Counsel
Company Secretary
Business Development Director
Investment Banker
Due Diligence Manager
Integration Manager
Risk Manager
Compliance Officer
Strategy Director
Information Security Officer
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