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CONFIDENTIALITY AGREEMENT

WHEREBY IT IS AGREED

The Vendor and the Broker are disclosing to the Prospective Purchaser (or their authorised advisors) confidential information, including the identity of the business. The Prospective Purchaser and their advisors HEREBY AGREE with the Vendor and the Broker that, without the prior written consent of Salon for Sale, they will not:

1. Contact or deal directly with the Vendor, staff, suppliers, customers, landlord, managing agent, or any other person associated with the business.
2. Visit the premises of the business.
3. Disclose any confidential information to any third party.
4. Use the confidential information in any way, including in competition with the Vendor’s business or to the detriment of the Vendor or Broker, and will hold all information in strict confidence.
5. Allow any person to inspect, view, copy, or take extracts of any part of the confidential information.
6. Use the confidential information except as required to comply with applicable law or legally binding orders.

ACKNOWLEDGEMENTS BY THE PROSPECTIVE PURCHASER

The Prospective Purchaser HEREBY ACKNOWLEDGES that:

1. Upon request by the Broker, they must promptly return or destroy all confidential information if they decide not to purchase the business.
2. They are bound by the terms of this agreement.
3. If they purchase the business, they will do so through Salon for Sale.

STATEMENT BY SALON FOR SALE

1. The confidential information has been compiled from materials, information, and un-audited financial records obtained from the Vendor or the Vendor’s accountants or advisers. Salon for Sale does not guarantee the accuracy of this information and is not acting as an investor or financial advisor.
2. The Broker has been solely responsible for introducing the business to the Prospective Purchaser and will suffer loss or damage if the Prospective Purchaser attempts to contact or deal directly with the Vendor or another agent.
3. The Vendor and Broker reserve the right to disclose the confidential information to any other person at their discretion.
4. The terms of this agreement remain in force for any other business inquiries and after the business is sold.

TERM: This agreement shall expire one year from the date of execution.