Restraint of trade undertaking with confidentiality- BUS 25

Restraint of trade undertaking, secrecy and confidentiality of information.

Sample

"A. The Vendor has for some time past carried on in Victoria the business of ### and other activities ancillary or incidental ( called "the Business").

B. The Vendor carries on the Business under the Business Name, "### " at or from the premises situate at and known as ###, in the State ( called "the Business Premises").

C. The Vendor has agreed to sell to the Purchaser and the Purchaser has agreed to purchase from the Vendor the Business for the consideration and upon and subject to these terms and conditions .

D. It is a term of the Sale of Business Agreement that the Vendor and the Covenantors enter into a Deed or Restraint Undertaking.

NOW THEREFORE THIS DEED WITNESSES as follows:-

1. INCORPORATION OF THE PREAMBLE

The preamble hereto must be construed and read as if it formed part of this Deed.

2. DISCLOSURE OF INFORMATION

2.1 The Vendor and the Covenantors acknowledge, without limitation, financial information, sales information, marketing plans and strategies, operational and all other information and knowledge necessary to operate the business has been disclosed to the Vendor and the Covenantors.

2.2 The Vendor and the Covenantors undertake?"