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CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT
Listing Reference: PBA-1004
Business: Wholesale Distribution
Location: Camden County, New Jersey
Effective Date: September 13, 2026
This Confidentiality and Non-Disclosure Agreement (the "Agreement") is entered
into by and between Patriot Business Advisors ("Broker"), acting as agent for
the owner of the business identified above ("Seller"), and the undersigned
prospective purchaser ("Recipient").
1. PURPOSE
Recipient has expressed interest in evaluating a possible acquisition of the
business identified above (the "Transaction"). In order to evaluate the
Transaction, Recipient requires access to confidential information concerning
the business. Broker is willing to furnish such information solely on the terms
set out in this Agreement.
2. DEFINITION OF CONFIDENTIAL INFORMATION
"Confidential Information" means all information furnished to Recipient by
Broker or Seller relating to the business, whether furnished before or after
the date of this Agreement, and whether oral, written or electronic, including
without limitation: the identity and location of the business; financial
statements, tax returns and projections; customer, supplier and employee
information; pricing, margins and cost structures; contracts and leases;
operating procedures and trade secrets; and the fact that the business is
offered for sale or that discussions are taking place.
Confidential Information does not include information that (a) is or becomes
generally available to the public other than as a result of a disclosure by
Recipient, (b) was lawfully in Recipient's possession prior to disclosure by
Broker without an obligation of confidentiality, or (c) is independently
developed by Recipient without use of the Confidential Information.
3. OBLIGATIONS OF RECIPIENT
Recipient agrees that it shall:
(a) hold all Confidential Information in strict confidence and take
reasonable measures to protect it from disclosure;
(b) use the Confidential Information solely for the purpose of evaluating
the Transaction and for no other purpose whatsoever;
(c) not disclose the Confidential Information to any third party except to
those of Recipient's directors, officers, employees, attorneys,
accountants and financial advisors who have a genuine need to know for
the purpose of evaluating the Transaction, and who have been informed of
and agree to be bound by the terms of this Agreement; and
(d) be responsible for any breach of this Agreement by any person to whom it
discloses Confidential Information.
4. NO CONTACT
Recipient shall not, without the prior written consent of Broker, contact the
Seller, or any owner, officer, employee, customer, supplier, landlord, lender
or competitor of the business, regarding the business or the Transaction. All
communications and enquiries shall be directed exclusively through Broker.
5. NON-CIRCUMVENTION
Recipient agrees not to circumvent, avoid or bypass Broker, directly or
indirectly, in order to negotiate or conclude any transaction involving the
business, or to avoid the payment of any fee or commission due to Broker.
This obligation continues for a period of two (2) years from the Effective Date.
6. NO SOLICITATION
For a period of two (2) years from the Effective Date, Recipient shall not
directly or indirectly solicit for employment any employee of the business
whose identity became known to Recipient as a result of the Confidential
Information.
7. NO REPRESENTATION OR WARRANTY
The Confidential Information is provided by the Seller. Neither Broker nor
Seller makes any representation or warranty, express or implied, as to the
accuracy or completeness of the Confidential Information. Recipient
acknowledges that it shall conduct its own independent investigation and due
diligence, and shall rely solely on that investigation and on the
representations and warranties contained in any definitive purchase agreement
ultimately executed.
8. RETURN OR DESTRUCTION OF MATERIALS
Upon written request by Broker, or if Recipient determines not to proceed with
the Transaction, Recipient shall promptly return or destroy all Confidential
Information, including all copies, notes and derivative materials, and shall
certify such destruction in writing if requested.
9. NO OBLIGATION TO PROCEED
Nothing in this Agreement obligates either party to proceed with the
Transaction, and either party may terminate discussions at any time for any
reason without liability.
10. REMEDIES
Recipient acknowledges that a breach of this Agreement would cause irreparable
harm to Broker and Seller for which monetary damages would be an inadequate
remedy. Accordingly, Broker and Seller are entitled to seek injunctive relief
in addition to any other remedies available at law or in equity, together with
reasonable attorneys' fees incurred in enforcing this Agreement.
11. TERM
The obligations of confidentiality under this Agreement shall remain in effect
for a period of three (3) years from the Effective Date, except with respect to
trade secrets, which shall remain confidential for so long as they constitute
trade secrets under applicable law.
12. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws
of the Commonwealth of Pennsylvania, without regard to its conflict of law
principles. The parties consent to the exclusive jurisdiction of the state and
federal courts located in Bucks County, Pennsylvania.
13. ELECTRONIC SIGNATURE
The parties agree that this Agreement may be executed electronically, and that
an electronic signature shall have the same legal force and effect as a
handwritten signature pursuant to the Electronic Signatures in Global and
National Commerce Act (15 U.S.C. ch. 96) and applicable state law. Recipient
consents to conduct this transaction by electronic means.
14. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties concerning
the subject matter, supersedes all prior discussions, and may be amended only
in a writing signed by both parties. If any provision is held unenforceable,
the remaining provisions shall continue in full force and effect.
BY SIGNING BELOW, RECIPIENT ACKNOWLEDGES THAT IT HAS READ THIS AGREEMENT,
UNDERSTANDS IT, AND AGREES TO BE BOUND BY ITS TERMS.
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