Common use of Inadvertent Disclosure Clause in Contracts

Inadvertent Disclosure. In general, individual designated brokers should handle communication within the office in a way which is mindful of the potential that other Licensees in the office may represent buyers and sellers who have an interest adverse to Clients of the individual designated broker. Prior to designated brokerage, it was common for brokers to share the motivations of the buyer or seller during office sales meetings, for example. i. Meetings or marketing sessions, ii. Shared fax or copy machines, iii. Shared computer networks, printers, and file directories, iv. In-office mailboxes, v. Handwritten telephone messages, vi. Phone conversations or meetings with clients, vii. Conversations with affiliated business providers, viii. Production boards, ix. Social functions.