Confidentiality Agreement (Share Or Asset Sale)

This Confidentiality Agreement (Share Or Asset Sale) can be used to protect a target company’s confidential information where a third party is considering buying either the entire issued share capital of the target company or the target’s assets and undertaking.

This document has been updated for Brexit and references to data protection legislation have been updated by reference to the UK GDPR.

What does Confidentiality Agreement (Share Or Asset Sale) do?

It sets out confidentiality obligations for a potential buyer receiving sensitive information during the early stages of a proposed share sale or asset sale.

What does Confidentiality Agreement (Share Or Asset Sale) cover?

• Confidentiality obligations applying to information disclosed by the target.
• Data protection wording updated for the UK GDPR.
• Provisions intended to cater for a buyer with subsidiaries, with the ability to remove the relevant wording where the buyer has none.
• Execution arrangements, including signature by an authorised director of the buyer and countersignature by a director of the target.

When should you use Confidentiality Agreement (Share Or Asset Sale)?

• A potential buyer is requesting confidential information to assess a proposed purchase of shares or a business/asset sale.
• You want a confidentiality agreement suitable for use before detailed negotiations and due diligence progress.
• The buyer may be a quoted company and you want the option to include additional wording that may be relevant to announcements.

Confidentiality Agreement (Share Or Asset Sale) is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.