4. An agreement for you to return all the valuation documents (and all copies) that will be provided to you if a sale is not concluded If you spend a lot of time and energy negotiating the confidentiality agreement, then there is a problem. There are clear industry standards – and they are beneficial to all parties involved. The only issue that should ever be the subject of serious debate is the scope (often geographical) and duration of the non-competition clause. (5) In the case of a proposal for the joint acquisition of oil and gas facilities, immovable property or leases, there may be a fixed-term non-compete clause 6. Identification of confidential material Edward Wilhelm and Jack Wilhelm assist buyers and sellers of oil and gas properties. It is equally important that your contractors and employees are aware of the nature of the confidential relationship – and that the information you receive is handled properly and confidentially. Apart from the obvious legal issues, if you don`t, your credibility will be completely lost..