THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
1. Neither Prospective Purchaser or Prospective Purchaser’s Representative will disclose, permit the
disclosure of, release, copy or disseminate or transfer any information contained hereunder
(“information”) to any person or entity other than the Purchaser’s entity, attorney, CPA and consultants.
2. If Prospective Purchaser or Prospective Purchaser’s Representative is a corporation, partnership,
or limited liability company, or any other non-natural legal entity, the person(s) signing this Agreement
on the entity’s behalf will take all appropriate precautions to limit the dissemination of the information
only to those person(s) within the entity who need to know of the information and who are specifically
aware of the Agreement and agree to honor it, and for purposes of this Agreement, shall be deemed
personally obligated thereunder.
3. This Agreement refers to all information received by Prospective Purchaser and Prospective
Purchaser’s Representative, now or in the future, which is not readily available to the general public.
Prospective Purchaser and Prospective Purchaser’s Representative understand that all information shall be
deemed confidential, valuable, and proprietary such that its unauthorized disclosure, even without intent
to harm, could cause substantial and irreparable harm to Owner and Owner’s Representative.
4. All information shall be used for the sole purpose of evaluating the potential sale of the Property
and it shall not at any time, or in any manner, be used for any other purpose.
5. Neither Prospective Purchaser nor Prospective Purchaser’s Representative shall contact any
persons concerning the confidential information, other than Owner’s Representative, without written
permission. Such persons include, without limitation, employees, suppliers, and tenants.
6. Neither Owner nor One South Commercial make any representations or warranty, express or
implied, as to the accuracy or the completeness of any information provided under this Agreement.
7. The undersigned parties acknowledge this is not an agreement for compensation.
The foregoing is acknowledged and agreed:
I hereby agree to the Agreement and represent that I am authorized to agree to the terms thereof and to act on behalf of the accepting party in the proposed transaction in the Agreement.
It is agreed by the parties that, notwithstanding the use herein of the words "writing," "execution," "signed," "signature," or other words of similar import, the parties intend that the use of electronic signatures and the keeping of records in electronic form be granted the same legal effect, validity, and enforceability as a signature affixed by hand or the use of a paper-based record keeping system.
This provision will be enforced to the extent and as provided for in any applicable law including the Electronic Signatures in Global and National Commerce Act (https://www.fdic.gov/regulations/compliance/manual/10/x-3.1.pdf), and any other similar state laws based on the Uniform Electronic Transactions Act (https://law.lis.virginia.gov/vacodepopularnames/uniform-electronic-transactions-act/).
