Document background
The Business Broker Confidentiality Agreement is a crucial legal document used in New Zealand when business brokers engage with potential buyers during business sales processes. This agreement becomes necessary when confidential information about a business needs to be shared with interested parties during the initial stages of a potential transaction. It ensures that sensitive information such as financial records, customer lists, trade secrets, and operational details are protected under New Zealand law. The agreement is designed to comply with the Privacy Act 2020, Fair Trading Act 1986, and other relevant New Zealand legislation, providing legal recourse in case of unauthorized disclosure. It's particularly important in the context of business sales where multiple parties may need access to sensitive information during due diligence processes.
