whats the use of Non compete non disclosure agreement???
thankss
In real estate - none.
This is a clause used in the corporate world where the party disclosing the information doesn’t want to disclose confidential business information to another party, only to find the other party opening up a competing business shortly thereafter, using the information provided.
This is unrealistic in real estate transactions, especially those that are involved with wholesale transactions. There is some possibility you may run into it during higher ticket commercial transactions.