I/We, acknowledge that we are prospective buyers of the business specified below and, in consideration of you and the seller allowing us to inspect a business profile and other material relating to the business and / or the seller’s agreement and your arrangement on the seller’s behalf to allow us to inspect the business, we acknowledge and agree as follows:
1. The business profile and material may include:
(a) Related industry averages and/or approximate costs/expenses, and trading estimations;
(b) Non verified and unaudited trading results and or Profit and Loss reports.
2. The profile and its information are to be used and accepted as a guide only. All information is our own responsibility to verify and confirm, and we agree not to hold AFW Professional Business Broker and its sales representative for its accuracy, liability or loss suffered by us in relation to the information contained in the profile.
3. The business profile and material and all things connected and related to this material are confidential and we agree not disclose them to any other person except our legal, accounting, financial advisers and bankers but then only on the basis that they will provide us with their agreement prior to receipt of the material to keep this information confidential.
4. We acknowledge that the business profile and the marketing of the business have real financial value to the seller. We acknowledge that should such information become known to the seller’s competitors or other parties interested in setting up a similar business in opposition to the seller or used by ourselves in the operation of a similar business that these actions could cause financial hardship to the seller and therefore the seller might seek compensation.
5. All inspections of the business are to be by appointment, arranged through AFW Professional Business Broker only, and we agree not to attempt to inspect the business or the premises upon which the business is carried out, or contact the seller directly other than through and with AFW Professional Business Broker.
I/we understand that AFW Professional Business Broker is not Investment or Financial advisors. Its role in this matter is to simply relay information on the business detailed below, as provided by the seller in its capacity as a representative of the seller. I/We acknowledge that we agree to the above conditions.