The Business Sale Confidentiality Agreement is a crucial legal document used in South African business sale transactions to protect sensitive information disclosed during the sale process. This agreement becomes necessary when a business owner or company considers selling their business and needs to share confidential information with potential buyers for evaluation purposes. The document ensures that sensitive business information, including financial data, trade secrets, customer lists, and operational details, remains protected under South African law, particularly in compliance with POPIA and the Companies Act. It sets out clear obligations for handling confidential information, permitted uses, and consequences of breach. The agreement is typically put in place before any detailed discussions or due diligence processes begin and remains effective throughout the transaction process and often for a specified period afterward.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the disclosing party (seller) and receiving party (potential buyer), including full legal names and registration details
2. Background: Context of the potential business sale and purpose of sharing confidential information
3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Authorized Purpose', and 'Representatives'
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 security measures
6. Permitted Disclosures: Circumstances under which confidential information may be shared with representatives or as required by law
7. Term and Survival: Duration of confidentiality obligations and provisions that survive termination
8. Return or Destruction of Confidential Information: Requirements for handling confidential information after discussions end
9. Remedies: Legal remedies available in case of breach, including injunctive relief
10. General Provisions: Standard clauses including governing law, jurisdiction, and entire agreement
1. Non-Solicitation: Prevents poaching of employees or customers, relevant when detailed business information is shared
2. Exclusivity Period: Period during which the seller won't negotiate with other potential buyers, used in serious negotiations
3. Data Protection Compliance: Specific POPIA compliance provisions, necessary when personal information is involved
4. Anti-Trust Compliance: Required when sharing competitively sensitive information
5. Public Announcements: Controls over public statements about the potential transaction, important for listed companies
6. Non-Circumvention: Prevents direct approach to customers/suppliers, relevant for businesses with valuable relationships
7. Costs: Allocation of costs related to confidentiality measures, relevant for complex situations
1. Schedule 1 - Description of Confidential Information: Detailed list of specific types of confidential information to be disclosed
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3 - Security Protocols: Specific security measures required for handling different types of confidential information
4. Schedule 4 - Disclosure Process: Step-by-step process for requesting and providing access to confidential information
5. Appendix A - Form of Representative Undertaking: Template confidentiality undertaking for representatives to sign
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Retail
Technology
Financial Services
Professional Services
Healthcare
Mining
Agriculture
Real Estate
Construction
Telecommunications
Energy
Transportation and Logistics
Hospitality
Education
Relevant Teams
Legal
Finance
Corporate Development
Mergers & Acquisitions
Executive Leadership
Risk and Compliance
Business Development
Corporate Finance
Company Secretariat
Due Diligence
Relevant Roles
Chief Executive Officer
Managing Director
Chief Financial Officer
Legal Counsel
Corporate Attorney
Investment Banker
Business Development Manager
Mergers & Acquisitions Director
Due Diligence Manager
Company Secretary
Financial Director
Risk Manager
Compliance Officer
Business Owner
Corporate Finance Manager
Find the exact document you need
Tv Show Non Disclosure Agreement
A South African law-governed NDA for protecting confidential information in television show production, compliant with local broadcasting and data protection regulations.
find out more
Contract Disclosure Agreement
South African law-governed agreement establishing confidentiality obligations between parties sharing sensitive information.
find out more
NDA In Project Management
South African Non-Disclosure Agreement for project management activities, ensuring confidentiality protection under SA law.
find out more
Non Disclosure Agreement (Manufacturing)
South African manufacturing-specific NDA protecting confidential information in manufacturing processes and technical specifications under South African law.
find out more
NDA Accounting
South African Non-Disclosure Agreement for accounting services, ensuring confidentiality of financial information under local laws and professional standards.
find out more
Disclosure Agreement (Real Estate)
A South African legal document detailing property conditions and defects for real estate transactions, ensuring compliance with property law and consumer protection requirements.
find out more
Confidentiality Agreement Between Two Individuals
A South African law-governed confidentiality agreement for protecting sensitive information shared between two individuals.
find out more
Simple Mutual NDA
A mutual confidentiality agreement under South African law protecting bilateral information exchange between parties.
find out more
Non Disclosure Agreement (Insurance)
South African insurance industry NDA compliant with POPIA and Insurance Act 18 of 2017, protecting confidential insurance-related information exchange.
find out more
Short Form Non Disclosure Agreement
A concise Non-Disclosure Agreement under South African law, providing essential confidentiality protections while maintaining simplicity and legal compliance.
find out more
Personal NDA
South African personal non-disclosure agreement for protecting confidential information between individuals, compliant with POPIA and local privacy laws.
find out more
Non Disclosure Deed
A formal deed under South African law establishing binding confidentiality obligations and protection mechanisms for sensitive business information.
find out more
Vendor NDA
South African law-governed non-disclosure agreement for protecting confidential information shared with vendors and service providers.
find out more
Corporate Non Disclosure Agreement
South African law-governed confidentiality agreement for corporate entities sharing sensitive business information, compliant with POPIA and local regulations.
find out more
NDA For Suppliers
South African supplier NDA compliant with POPIA and local laws, protecting confidential information in supplier relationships.
find out more
Letter Of Non Disclosure Agreement
A South African letter-format NDA establishing confidentiality obligations between parties, combining business letter format with legal protections under SA law.
find out more
NDA For Interns
South African non-disclosure agreement for interns, protecting company confidential information while complying with local employment and privacy laws.
find out more
Technology NDA
A South African technology-focused non-disclosure agreement protecting technical data and intellectual property, compliant with POPIA and local legislation.
find out more
Product Confidentiality Agreement
South African law-governed agreement protecting confidential product information between parties, ensuring compliance with local data protection and trade secret regulations.
find out more
Non Disclosure Agreement Price
A South African law-governed NDA specifically focused on protecting confidential pricing information and pricing strategies.
find out more
Non Competition Non Solicitation And Confidentiality Agreement
A South African law-governed agreement combining non-compete, non-solicitation, and confidentiality provisions to protect business interests while ensuring compliance with local legislation.
find out more
NDA For Software Development
South African law-compliant NDA for protecting confidential information in software development projects, including source code and technical specifications.
find out more
NDA For Due Diligence
South African Non-Disclosure Agreement tailored for due diligence processes, compliant with POPIA and local corporate laws.
find out more
Mutual Non Circumvention Non Disclosure Agreement
A South African law-governed mutual agreement protecting confidential information and preventing business circumvention between parties.
find out more
Model NDA
South African law-compliant Non-Disclosure Agreement template suitable for various business relationships and confidentiality requirements.
find out more
Confidentiality Agreement For Independent Contractors
A South African law-governed agreement protecting company confidential information shared with independent contractors, ensuring POPIA compliance and information security.
find out more
Non Disclosure Agreement Confidentiality Agreement
A South African law-governed confidentiality agreement protecting sensitive business and personal information with POPIA compliance.
find out more
Employer NDA
South African employer-employee confidentiality agreement protecting company information and trade secrets, compliant with local labor and privacy laws.
find out more
NDA Termination Letter
A South African law-governed letter formally terminating a Non-Disclosure Agreement while preserving relevant confidentiality obligations.
find out more
NDA Mergers And Acquisitions
South African law-governed NDA for M&A transactions, protecting confidential information during corporate deals and due diligence processes.
find out more
Non Disclosure Agreement M&A
South African M&A Non-Disclosure Agreement for protecting confidential information during merger and acquisition transactions, compliant with local laws including POPIA.
find out more
Typical NDA
South African law-compliant Non-Disclosure Agreement protecting confidential information exchange between parties, with POPIA compliance.
find out more
HR Non Disclosure Agreement
South African HR Non-Disclosure Agreement for protecting company confidential information in employment relationships, compliant with local privacy and labor laws.
find out more
Basic Confidentiality Agreement
A South African law-governed confidentiality agreement protecting sensitive information exchange between parties, incorporating POPIA compliance.
find out more
Pawn Agreement And Disclosure
A South African law-governed agreement establishing terms for a pawn transaction, including mandatory disclosures and consumer protections under the National Credit Act.
find out more
Non Disclosure Waiver
A South African law-compliant agreement governing the disclosure and protection of confidential information between parties.
find out more
Letter Reminding Employee Of Confidentiality Agreement
A South African law-compliant letter reinforcing an employee's existing confidentiality obligations and responsibilities under a prior confidentiality agreement.
find out more
Confidentiality Agreement M&A
South African-law governed confidentiality agreement protecting sensitive information during M&A transactions, incorporating local regulatory requirements and market practice.
find out more
NDA Product
South African law-governed Product NDA for protecting confidential product information and related intellectual property.
find out more
HR Confidentiality Agreement
South African HR confidentiality agreement protecting business information and ensuring POPIA compliance in the employment context.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)