Generally, it stipulates that you will maintain the confidentiality of any materials, drawings, data or other information disclosed or provided to you, and that you will manage the confidential information with the care of a prudent manager. In addition, all business and technical information obtained in relation to the real estate under consideration or the confidentiality agreement must be kept confidential and managed with the care of a prudent manager.
It also stipulates that confidential information can only be disclosed to related parties that are necessary for the consideration of real estate purchases, such as the officers and employees of the company, lawyers, certified public accountants and tax accountants, real estate appraisers, and financial institutions that consult on financing. However, it also stipulates that these parties are subject to the same duty of confidentiality as the prospective purchaser.
If the period of confidentiality is not clearly stipulated, please check with the seller before signing the document.