Synergy Talent excerpt #122 by Randy Charach
Here’s another excerpt by Randy Charach and Synergy Talent
5. The purchaser as a GST registrant will file form GST 44 and is responsible for any of their own applicable taxes related to the acquisition.
6. The purchaser agrees that all matters, discussion, negotiations etc. pertaining to the sale whether in writing or verbal are entirely confidential and may only be shared with professional advisors on a need to know basis. This confidentiality extends through the purchaser to their advisers. Further the purchaser covenants with the vendor that in the event they decline to purchase the above mentioned companies that for a period of five years they will not acquire another similar company, nor start up a similar enterprise and all information remains entirely confidential. The purchaser covenants to destroy all information and working papers at the breaking off of the acquisition process.
