I/We, being the people named in the schedule set out below, acknowledge that we are prospective buyers of the business as described below.
1) The business profile and material and all things connected and relating to this material are confidential and the intended purchaser(s) agree(s) not to disclose them to any other person except his/her legal, accounting, financial advisers and bankers being then only on the basis that they have to provide us with their agreement prior to receipt of the material to keep this information confidential unless prior written consent is first hand obtained from the company mentioned above to disclose of this material to that party.
2) The intending purchaser(s) acknowledge(s), that as a result of perusing the business profile and any material, and during the course of the inspection of the business he/she will become aware of the information regarding the operation of the business and in particular that of the marketing and operations which is personal and which has real financial value to company mentioned above. The intending purchaser(s) acknowledge(s) that should such information become known to competitors or other parties interested in setting up a similar business in opposition to company mentioned above or used by themselves in the operation of a similar business whereby these actions could cause financial hard ship then company mentioned above reserves the right to take legal action and seek compensation.
3) PRIVACY ACT - The intending purchaser(s) agree(s) to respect and safeguard the privacy of the vendor by returning any related material.
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