The Non-Disclosure Agreement for the Sale of a Business
After prospective buyers have been identified and targeted, they must sign a Non-Disclosure Agreement, also called an NDA or Confidentiality Agreement, before we provide them with the Confidential Information Memorandum or any other information about your business.
The NDA is critical as it protects your financial information and other sensitive information about your business from being disclosed.
Major Conditions of the Non-Disclosure Agreement
- The Alberta Business Exchange is identified as the agent for the business.
- The scope of the confidential information is defined. In our agreement, the scope is very broad and includes not only information provided in the Confidential Information Memorandum, but also any and all information disclosed in any manner—written or in conversation.
- The information provided cannot be used for any other purpose than evaluating this opportunity.
- All communications must be with Alberta Business Exchange, and not with the seller, the seller’s employees or shareholders, or any other parties.
- The information will only be disclosed to the prospective buyer’s team and representatives, and then only to the extent necessary.
- The information cannot be copied or reproduced, and must be returned upon request.
- The information must not be used by the prospective buyer to solicit any employees of the business.
- The provisions of the agreement stay in effect for two years.
Failure to honour these conditions will be grounds for the seller to sue the party that breached these conditions for damages incurred.
Words are not enough to express our gratitude for Randy and Hammad at Alberta Business Exchange. From our very first meeting in late 2021 until closing day in June 2022, we knew they had our best interests at heart, every step of the way.
Wendy Docherty
I highly recommend Alberta Business Exchange when considering selling your business. We worked hard to build our business over 27 years and Randy and Hammad gave us the confidence to make the decision to use their expertise when selling our business.”
Stephen Wiebe
Alberta Business Exchange has developed a process that is easy to understand, and guides you through the necessary steps to sell your business without any added stress.
Susan Otterson
From the initial meeting till the very last moment, the ABE team was top-notch! I would recommend anyone who is looking to acquire a business, to contact the ABE team, you won’t be disappointed! They don’t deal like any other business brokerage, they make sure that the business is a perfect fit for the buyer. Thank you Randy, Hammad, and the entire ABE team for making our acquisition smooth!.
Awais Rafiq
Best in the industry! I had the pleasure of working with Randy and Hammad recently. The knowledge, attention to detail, and organization they bring to the table are unmatched and unheard of in this industry. I have bought multiple businesses in the past few years, I am impressed by the level of professionalism they offer, and my last transaction was the easiest ever I did so far. Thanks Randy and Hammad.
Kanwal Pandher
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