The Confidentiality Agreement Real Estate Transaction is essential when parties need to share sensitive information during property transactions in England and Wales. It's commonly used before entering into detailed negotiations or due diligence processes, protecting commercially sensitive details such as property valuations, development plans, tenant information, and financial data. This agreement ensures that confidential information is protected under English law while allowing necessary disclosure for transaction evaluation and completion. It's particularly important in high-value property transactions where significant proprietary information needs to be shared.
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1. Parties: Identification of the disclosing and receiving parties
2. Background: Context of the real estate transaction and purpose of the agreement
3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Transaction'
4. Confidentiality Obligations: Core obligations regarding use and protection of confidential information
5. Permitted Disclosures: Circumstances under which confidential information may be shared
6. Return of Information: Obligations regarding return or destruction of confidential information
7. Duration: Term of confidentiality obligations
1. Non-Circumvention: Provisions to prevent direct dealing with third parties, typically used in high-value commercial transactions
2. Exclusivity: Provisions preventing dealing with other parties during negotiation period, used when exclusive negotiation rights are granted
3. Data Protection: Specific provisions for handling personal data under UK GDPR and Data Protection Act 2018, used when personal data will be shared
1. Property Details Schedule: Description of the property or properties involved in the transaction
2. Permitted Recipients Schedule: List of authorized individuals or entities who may receive the confidential information
3. Information Categories Schedule: Detailed categorization of the types of confidential information covered by the agreement
Relevant legal definitions
Clauses
Relevant Industries
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