Buyer Disclosure Information
- 1) The parties agree that the business broker is to receive
copies of all documents pertaining to this sale. The parties
agree to instruct their respective legal advisor or escrow holder
to include the business broker in the distribution of documents
pertaining to the sale.
- 2) The buyer has personally inspected this business and has
satisfied him or herself with their ability to conduct it, and
purchases the business with a clear and distinct understanding
that all profits are future
- 3) Buyer is aware that a financial statement and a credit
report may be required by Seller to evaluate books & records,
by the Lessor, by the Seller if Seller financing is involved
in the sale. Buyer is not aware of anything that would adversely
affect the credit report.
- 4) The Buyer should be aware that taking physical possession
of the business prior to the legal closing may result in detrimental
changes to the business and may affect the closing of the sale.
- 5) It is understood that the Business Broker merely acts
as an intermediary and cannot give legal advice. If the Buyer
desires legal advice, he or she is advised to seek such legal
- 6) The Buyer agrees that if he or she buys, leases, becomes
a manager of or becomes connected in any way, with any of the
businesses presented as being available for sale, that he or
she will protect the business brokers right to a commission.
The buyer should understand that if he or she interferes in any
way with the business brokers right to a commission from the
seller he or she may be personally liable for the payment of
- 7) The buyer should be aware that all information furnished
him or her regarding any of the businesses offered for sale is
strictly confidential, including the fact that it is for sale.
The businesss ability to remain competitive and its continuing
success may hinge on any information concerning it's possible
sale or other confidential matters not being revealed to third
parties or employees of the business, other than the Buyers legal
- 8) The Buyer should be aware that, unless otherwise informed
in writing, the Business Broker represents and is being paid
by the Seller.
- 9) The Buyer should understand that the Business Broker may
furnish information on the various businesses offered for sale.
The Business Broker does not make any representations or warranty
as to its accuracy or completeness.
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