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Updated over 14 years ago on . Most recent reply

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289
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12
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Dan Krause
  • Michigan
12
Votes |
289
Posts

Commercial Buyer>Birddog NCND agreement? Help!

Dan Krause
  • Michigan
Posted

As a property finder (in my case a JV/Partnership with my buyer)-my buyer sent me an NCND agreement to sign and send back to him. My question: Do i have to send him a JV/Partnership agreement contract to sign with my buyout percentage stated-or can i just send him just a "brief" of my buyout percentage by itself. To what extent are he and i legally bound, at this point, for each property i submit to him just based on his NCND agreement? The contract i have is rather lengthy and i may have to repeat sending him a copy for each property i submit to him. Thank you, Dan Krause :D :D :D

Most Popular Reply

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825
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486
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Kevin Yeats
  • Lender
  • Fort Pierce, FL
486
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825
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Kevin Yeats
  • Lender
  • Fort Pierce, FL
Replied

I agree with what Bill stated.

Certainly read the agreement carefully.

But you have to ask yourself .. and your buyer partner why the parts of the NCND are necessary.

Are you going to circumvent him to get into his wallet? That is ridiculous on its face but it may indicate that your buyer is not the money guy. If he is the money guy, you can't circumvent him.

What information does this partner NOT want you to disclose? Certainly, the end buyer will be disclosed to the seller at some point.

Does the non-disclosure prevent you from accomplishing your duties?

Have a long talk with the buyer.

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