Real Estate Property Confidentiality (NDA) Agreement
This Real Estate Property Confidentiality Agreement ("Agreement") is entered into as of [Date], by and between [Your Company Name], with its principal place of business at [Your Company Address] ("Disclosing Party"), and [Recipient's Name], with its principal place of business at [Recipient’s Address] ("Recipient").
Whereas, the Disclosing Party possesses certain confidential and proprietary information relating to real estate properties and transactions; and
Whereas, the Recipient desires to evaluate the confidential information for the purpose of exploring potential partnership opportunities in the real estate sector, including joint ventures, co-investment opportunities, or other collaborative initiatives.;
Now, therefore, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
Definition of Confidential Information:
"Confidential Information" shall mean any and all information disclosed by the Disclosing Party to the Recipient, including but not limited to property details, financial information, tenant information, business plans, marketing strategies, and any other proprietary information related to real estate properties and transactions.
Purpose of Disclosure:
The Confidential Information is being disclosed by the Disclosing Party to the Recipient for the sole purpose of evaluating the potential acquisition of the real estate property located at [Property Address]. The Recipient intends to conduct due diligence and analysis regarding the property's financial performance, market value, and potential for future development or investment opportunities. The Confidential Information shall be used exclusively for the purpose of assessing the feasibility and desirability of the proposed real estate transaction and shall not be disclosed or utilized for any other purpose without the prior written consent of the Disclosing Party."
Obligations of Parties:
The Recipient agrees to maintain the Confidential Information in strict confidence and to use the Confidential Information solely for the Purpose of Disclosure. The Recipient shall not disclose, directly or indirectly, any Confidential Information to any third party without the prior written consent of the Disclosing Party.
Exceptions:
The obligations set forth in this Agreement shall not apply to any information that: (a) is or becomes publicly available through no fault of the Recipient; (b) was already known to the Recipient prior to disclosure by the Disclosing Party; (c) is independently developed by the Recipient without reference to the Confidential Information; or (d) is rightfully obtained by the Recipient from a third party without breach of any confidentiality obligation.
Duration of Confidentiality:
The obligations of confidentiality set forth herein shall survive the termination or expiration of this Agreement and shall remain in effect for a period of [Duration] years from the date of disclosure of the Confidential Information.
Remedies for Breach:
In the event of any breach of this Agreement, the Disclosing Party shall be entitled to seek equitable relief, including injunctive relief, as well as monetary damages for any losses incurred as a result of such breach.
Governing Law and Jurisdiction:
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction], without regard to its conflict of laws principles. Any dispute arising under or in connection with this Agreement shall be resolved exclusively by the courts of [Jurisdiction].
Entire Agreement:
This Agreement constitutes the entire understanding and agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous agreements, whether written or oral, relating to such subject matter.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Disclosing Party
[Representative Name]
[Date]
Recipient
[Recipient's Name]
[Date]
Real Estate Templates @ Template.net
