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Confidentiality, Non-Circumvention, and Warranty Agreement
God Bless Retirement

Language Guided by the
Texas Association of Business Brokers

TABB

Confidentiality, Non-Circumvention, and Warranty Agreement

Language guided by the Texas Association of Business Brokers (TABB)

This Non-Disclosure Agreement (NDA) applies specifically to the business(es) communicated and socialized to you by God Bless Retirement (GBR). By signing this NDA, you acknowledge and agree that it serves as a blanket confidentiality agreement covering all current and future business listings provided to you by GBR.


The purpose of this NDA is to protect sellers and their business operations from disruptions by ensuring the strict confidentiality of sensitive information. In good faith, your signature affirms your commitment to work exclusively with GBR in honoring this intent and adhering to the confidentiality requirements outlined herein, for the benefit of the sellers and their business interests.


Thank you for your understanding and cooperation.

This Agreement is signed on this date (as signed and indicated below) by the undersigned "Buyer" to request that the Broker provide information about the described "Business" for evaluation and potential purchase. 


Scope: "Business" refers to established businesses, including franchises, licenses, manufacturing partners and distributorships. Broker represents and sells such opportunities. 


Broker Group: This includes the Broker, its agents, employees, officers, directors, shareholders, co-brokers, representatives, independent contractors, and affiliates. 


Buyer Definition: For the purposes of this Agreement, "Buyer" includes individuals, members of partnerships, employees, stockholders, officers, directors of corporations, and agents, consultants, or advisors to any business entity. 

In consideration of Broker or Seller furnishing certain information about the Business for Buyer's evaluation and potential purchase, the Buyer agrees as follows: 


1. Representation: Buyer acknowledges that Broker solely represents the Seller and has no fiduciary duty to the Buyer unless a signed client of the broker, in which case both the Buyer and Seller will be made aware of the Broker's representation of all parties. Otherwise, Buyer agrees Broker's duties are owed to the Seller. 


2. Non-Disclosure: Buyer agrees to maintain the confidentiality of all information provided and will not disclose it to third parties, except for professional advisors (accountant, attorney, etc.) who are also bound by this confidentiality. 


3. Non-Circumvention: Buyer agrees not to enter into any transaction to purchase, option, or lease the Business without Broker's acknowledgment for three (3) years. Any breach of this will result in payment of the full Broker's commission as liquidated damages.


4. Purchase Price: The purchase price includes all forms of compensation including cash, stock, property, and assumed liabilities. 

5. Financial Sufficiency: Buyer warrants that they have the financial capability to purchase the Business and agrees to provide evidence if requested. 


6. Confidentiality: Buyer agrees to keep all business information confidential and will not contact Seller’s employees, customers, suppliers, or agents without prior written approval from Broker. All materials must be returned or destroyed if Buyer ceases interest.  


7. Changes and Errors: Buyer acknowledges that all information may be subject to change or withdrawal without notice. 

8. Broker's Role: Buyer understands Broker has not verified the accuracy of information and is solely responsible for conducting due diligence. 


9. Governing Law: This agreement will be governed by Texas law, and any claims will be handled in Tarrant County, Texas. 


10. Binding Agreement: This agreement is binding upon the Buyer, their heirs, executors, and assigns. 


11. Arbitration: All disputes will be settled by binding arbitration under the Commercial Arbitration Rules of the American Arbitration Association, with costs borne equally unless otherwise decided.

Agreed and Accepted on agreement date set forth below by GBR and signer:

Brandon Chicotsky, Ph.D. | Managing Principal of God Bless Retirement (GBR Associates, LLC)

Signer

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God Bless Retirement is a family-led business brokerage that helps clients buy and sell companies

OUR MISSION IS TO STRENGTHEN FAMILIES FOR GENERATIONS TO COME

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God Bless Retirement (GBR), a business brokerage, also offers real estate services through Chicotsky Real Estate Group under Briggs Freeman Sotheby's International Realty. God Bless Retirement operates under GBR Associates, LLC of Texas.

 

Securities are not offered or traded in any capacity by GBR, and no content on this website should be interpreted as implying otherwise. Mergers and Acquisitions Dealer Exemption Section 139.27 

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