Non-Disclosure Agreement

referred to as "Client", wishes to evaluate confidential information regarding practice opportunities presented by The Transitions Group, LLC. Client recognizes that any confidential information provided it by THE TRANSITIONS GROUP, LLC or its representatives regarding professional practices could, if disclosed, cause damage to the individuals disclosing the information and to THE TRANSITIONS GROUP, LLC.

Client agrees that it will not divulge, communicate, or otherwise disclose any confidential material provided by THE TRANSITIONS GROUP, LLC, its representatives, or clients of THE TRANSITIONS GROUP, LLC, to anyone, including employees, customers, clients, or prospective clients, with the exception of Client’s bonafide counsel. Client further agrees that its bonafide counsel will maintain the confidentiality of any information provided to them as well. Confidential information consists of, but is not limited to the following:

  1. A professional’s intent to buy, sell, or associate its practice.
  2. Any financial data provided Client by THE TRANSITIONS GROUP, LLC, its representatives, or clients, which may include such items as value of practice under consideration, income statements or balance sheets, tax returns, and any other personal financial data.
  3. Any personal information provided Client by THE TRANSITIONS GROUP, LLC, its representatives, or clients, which may include such items as data regarding lawsuits, or other items personally pertaining to the principals in these transactions.
  4. Patient lists made known to Client during negotiations.

Client shall not contact any staff member of an owner referred to Client by THE TRANSITIONS GROUP, LLC without the express permission of the owner. Client agrees to return any and all information provided to Client to THE TRANSITIONS GROUP, LLC immediately upon THE TRANSITIONS GROUP, LLC’s request. In addition, Client acknowledges the following:

  1. THE TRANSITIONS GROUP, LLC is a transactional agent and does not provide fiduciary responsibilities to Clients. Client acknowledges that information provided by THE TRANSITIONS GROUP, LLC is provided by the owner and is unaudited by THE TRANSITIONS GROUP, LLC. THE TRANSITIONS GROUP, LLC makes no claims as to the reliability of any such data. It is Client’s sole responsibility to conduct its own due diligence and confirm the accuracy of all information provided to Client by the owner and THE TRANSITIONS GROUP, LLC prior to any purchase. Client indemnifies and holds THE TRANSITIONS GROUP, LLC harmless for any claim, loss or damages, including expense of defense arising from any transaction agreed to by Client, including but not limited to court costs, reasonable attorneys’ fees and investigation expenses which, in any manner, arise out of or result from any practice purchase or associateship;
  2. Client is advised prior to any purchase, to review all financial and tax records of any practice, as well as personally perform a patient chart audit (subject to HIPAA regulations), determine patient count, insurance plans, HMO contracts, and any other information needed by Client;
  3. Client is advised to retain the services of competent counsel to review all documents and data provided to Client and that any advice or opinion on the advisability of entering into a transaction shall be provided by Client’s counsel;
  4. All information provided to THE TRANSITIONS GROUP, LLC by Client is true and correct to the best of Client’s knowledge, and may be presented to the owner of any practice under consideration for employment or acquisition by Client;
  5. THE TRANSITIONS GROUP, LLC may receive and/or pay referral fees between other brokers, consultants, lenders, and other sources of referrals in working with Client;
  6. Upon completion of a transaction with Client, THE TRANSITIONS GROUP, LLC shall be permitted to print, publish and mail its usual and customary professional announcement of the transaction; and
  7. This agreement shall be enforced in accordance with the laws of the state of Florida.

The undersigned has executed this Agreement on the day and year written below.

(Electronic submission of your name in the "Client Signature" field below constitutes your signature and agreement to the terms of this agreement.)

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