This is a template confidentiality letter for a share sale by individuals.
This document is a template for a confidentiality letter that is designed for use in private mergers and acquisitions (M&A) involving the purchase of shares from one or more individual sellers. Its primary purpose is to outline the terms and obligations related to the disclosure of confidential information from the sellers to the buyer during the due diligence process. Key sections include definitions of confidential information, the buyer's obligations to maintain confidentiality, non-solicitation of employees, and the absence of any representation or warranty regarding the information provided. The document also addresses the costs, the sellers' obligations, injunctive relief, duration of the agreement, severability, assignment, variation, waiver, financial promotion, privilege, rights of third parties, entire agreement, communications, notices, consents, and governing law and jurisdiction. This letter ensures that the buyer uses the information solely for evaluating the proposed acquisition and maintains its confidentiality, thereby protecting the seller’s interests.
Note: This publication does not necessarily deal with every important topic, nor cover every aspect of the topics with which it deals. Templates do not include or provide legal or other advice to users. They are designed to provide a head-start to the development of a commercial agreement and are not the finished article. They require careful reading, analysis and customisation in order to meet the particular needs of the parties to the document.
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