I/We confirm that the information provided herein is accurate and complete. I/We further agree to inform Renwick immediately, should there be any change in the information that has been supplied. Renwick will not be liable for inaccuracies.
I/We consent to and authorize Renwick to conduct credit checks and/or obtain credit reports relating to my/our credit profile from a credit bureau of its choice. I/We further authorize Renwick to verify the personal information provided and to assess any information submitted by me/us.
I/We, declare that; I/We have no criminal convictions nor pending criminal charges against me/us in the Republic of South Africa or elsewhere. I/We have no outstanding civil judgments, writs of execution, or similar legal orders against me/us. I am/We are not currently involved in any ongoing legal disputes, investigations, or proceedings that may impact my/our ability to enter into, or complete a transaction as envisaged hereunder.
I/We hereby provide Renwick with consent to process my/our personal information, in accordance with the provisions of the Protection of Personal Information Act, for all purposes related to buying a Business and/or property. Such consent shall extend to the sharing of my/our personal information with Sellers of Businesses and properties, franchisors, financial consultants and other business brokers/agents who may need to provide advice or assistance during the provision of services to me/us.
For the purposes of this Buyers Profile, “Business” or “Businesses” shall mean any entities including, but not limited to close corporations, private companies, public companies, sole proprietorships, partnerships, trusts, joint ventures, and/or any and all assets (whether tangible or intangible) and/or shares or membership interest.
By completing a Buyers Profile, I/we acknowledge that Renwick and its Sellers of Businesses and/or properties are about to disclose certain Confidential Information pertaining to the Seller, the Seller’s property and/or the Seller’s Business, Business operations and/or financial performance to me/us. I/we undertake to keep such Confidential Information strictly confidential and not to use, sell, trade, publish or otherwise disclose such Confidential Information to any third party other than is expressly permitted in terms of this undertaking, for any purpose other than for the purpose of determining whether or not I/we wish to proceed with the purchase which is being contemplated. I/We undertake to maintain the confidentiality of the Confidential Information as if it were my/our own confidential information.
The Confidential Information shall remain the property of the relevant Disclosing Party, and on demand of Renwick on behalf of the Disclosing Party, I/we shall immediately return all the original Confidential Information and at the instance of the Disclosing Party, destroy all copies and reproductions in my/our possession and in the possession of my/our representatives, advisors, employees, consultants and agents.
I/We agree to treat all information provided by Renwick, on behalf of Seller(s), as strictly confidential. I/We further agree to not disclose such information to others, without the prior written consent of Renwick.
I/We acknowledge and agree that I/we, together with the Seller(s), may from time to time enter into separate confidentiality and/or non-disclosure agreements among ourselves. I/We further acknowledge and agree that any such agreements shall be in addition to, and shall not replace or override, the terms and conditions hereof. These additional agreements shall not in any way detract from, terminate, limit and/or negate any of the terms and conditions hereof, unless Renwick has provided its prior written consent to such effect.
I/We acknowledge and agree that Renwick, in all its dealings with me/us, acts as the duly appointed agent of the Seller(s). I/We further acknowledge that any information provided by Renwick regarding the Business(es) and/or property/properties is supplied in accordance with its mandate from the Seller(s). I/We understand and agree that Renwick does not warrant or guarantee the accuracy, completeness, or correctness of any such information.
I/We acknowledge that I/We will be liable to Renwick, the Seller(s), and the Business(es) for any breach of the provisions hereof by myself/ourselves or by any of my/our interrelated parties, representatives, advisors, employees, consultants or agents.
I/We agree that any dispute arising from or in connection with this Buyers Profile shall be finally resolved by Arbitration in Johannesburg in accordance with the Rules of the Arbitration Foundation of Southern Africa by an Arbitrator appointed by the Foundation.
I/We hereby consent to the disclosure of my/our personal, financial, and/or company information as may be required to assess and qualify my/our interest in the Business and/or property under consideration. In the event that a suitable Business and/or property is identified through the services of Renwick and should I/we wish to present an offer to purchase, I/we agree to adhere to the Renwick processes and procedures. I/We agree to refrain from engaging in direct contact with Renwick’s Seller(s) without the express prior written consent of Renwick. I/We agree that Renwick is, and shall remain, entitled to receive its commission, regardless of whether such commission is payable by the Seller(s), by me/us, or any combination thereof.
I/We hereby agree that all expenses incurred by me/us in the process of buying a Business and/or property shall be for my/our own account, including but not limited to due diligence costs, legal fees, accounting fees, fees of specialist consultants, transfer costs, tax, financing costs, bond registration fees, purchase price, working capital, broker/agent commission, regulatory compliance fees, initiation fees, valuation fees, inspection fees, fees for rates and taxes clearance, homeowner’s association levy and moving costs.
I/We acknowledge and agree that, from time to time, I/we may be required to update my/our Buyer Profile information and/or provide updated financial/affordability information and documentation. I/We agree to provide such information timeously and accurately upon Renwick’s request.
I/We acknowledge that Renwick is an agent and not an attorney, tax practitioner, auditor or financial advisor, and I am/we are hereby advised to seek professional advice concerning legal, tax and financial matters.
This Buyers Profile shall be governed by, interpreted and construed in accordance with the laws of the Republic of South Africa. By signing digitally below, I/we confirm and agree that this Buyers Profile constitutes the whole agreement relating to the subject matter hereof.
