Liquor License Advisor


Non-Disclosure / Confidentiality Agreement

This Confidentiality and Non-Disclosure Agreement (this “NDA”) is between Liquor License Advisor (“LLAUSA”) and/or Atlantic Restaurant Group, Inc (ARG) and the undersigned potential buyer (“Potential Buyer”), together with any of its employees, agents, directors, officers, potential co-investors, portfolio companies, consultants, attorneys, accountants, prospective bank or institutional lenders, other financing sources, or other representatives who receive Confidential Information (collectively, “Representatives”), about the following LLAUSA client (the “Client”):

The term of this NDA shall commence on the date of signature below and shall continue for 90 days thereafter (the “Term”). After 90 days you will have to renew the NDA terms or you will be removed from our active buyer list. 


Confidential Information

For purposes of this NDA, “Confidential Information” includes any confidential, non-public, or proprietary information concerning the Client, including, but not limited to, the Client’s identity and the fact that the Client is considering a potential transaction (collectively, “Confidential Information”). Confidential Information does not include information that: (a) was known to Potential Buyer prior to disclosure by LLAUSA; (b) has become publicly known through no fault of Potential Buyer; (c) was disclosed to Potential Buyer by a third party having no known restriction, after reasonable inquiry, on use or disclosure; (d) was independently developed by Potential Buyer without use of Confidential Information; or (e) Potential Buyer is required by law to disclose, so long as Potential Buyer gives LLAUSA and the Client prompt written notice of such request.


Protection and Use

Potential Buyer acknowledges that disclosure of any Confidential Information may cause the Client irreparable harm and significant injury. Potential Buyer and its Representatives shall keep the Confidential Information confidential, and not disclose, reproduce, or otherwise discuss or make available all or any part of the Confidential Information in any form to any person or entity without written consent from the Client. Potential Buyer shall use the Confidential Information solely for the purpose of evaluating a potential acquisition of the Client (the “Acquisition”) and shall not use any Confidential Information in a way that is detrimental to LLAUSA or the Client. Potential Buyer agrees that it will not use Confidential Information to solicit any of Client’s employees, customers, or suppliers; provided, that any such solicitation in the ordinary course of business without the use of Confidential Information is not be precluded by this NDA. Any Representatives that receive Confidential Information shall assume the same obligations as Potential Buyer under this Agreement, and Potential Buyer hereby assumes full responsibility for any breach of this NDA by its Representatives. Confidential Information shall not be reproduced in any form except for internal use by Potential Buyer and its Representatives.


No Representations or Warranties

Potential Buyer acknowledges and agrees that neither LLAUSA nor the Client makes any representation or warranty, express or implied, as to the accuracy or completeness of all or any part of the Confidential Information, and that neither LLAUSA nor the Client will have any liability to Potential Buyer as a result of the use of Confidential Information or any errors therein. No rights or obligations other than those expressly recited herein are to be implied.


Return, Delete, and Destroy

Potential Buyer agrees to immediately return all tangible Confidential Information and to delete and destroy all electronic Confidential Information and duplicates thereof upon Client’s demand or termination of this NDA, whichever occurs first. Potential Buyer may, however, retain Confidential Information (whether paper or electronic) as required by applicable law and shall not be obligated to destroy electronically stored information contained in an archived computer system back-up in accordance with security and/or disaster recovery procedures, as long as such Confidential Information remains confidential in accordance with the terms of this NDA for the duration of its retention.


Resolution Process

This NDA shall be construed in accordance with the laws of the State of Massachusetts without regard to any conflict of laws principles. The parties agree that any controversy or claim relating to this NDA shall be subject to binding arbitration under the Federal Arbitration Act, administered under the applicable rules of the American Arbitration Association, and held in Boston, MA. The prevailing party, as determined by the arbiter’s award, shall receive reimbursement from the non-prevailing party for all expenses and attorneys’ fees incurred in enforcing any rights herein. The parties agree not to initiate any complaint, review, post, claim, or accusation(s) in any format whatsoever, including verbally and online, without first complying with the requirements of this Section 5. Notwithstanding the foregoing, in the event of Potential Buyer’s breach or threatened breach of this NDA, Client shall be entitled, without posting any bond or security, to seek injunctive or other equitable relief in a court of competent jurisdiction. The provisions of this Section shall survive termination or expiration of this Agreement and shall be binding upon the successors and assigns of Potential Buyer.



Potential Buyer agrees to reasonably cooperate with LLAUSA in providing the information requested regarding the Acquisition, and Potential Buyer agrees not to prevent LLAUSA’s participation and attendance at the closing of the Acquisition. Upon the closing of the Acquisition, Potential Buyer agrees that LLAUSA may claim appropriate credit (via a press release and marketing) within a reasonable and customary timeline.


Portfolio Companies

In the event Potential Buyer maintains portfolio companies or is in the business of managing investments, Client and LLAUSA acknowledge that nothing in this NDA shall limit the activities of any portfolio or affiliated company (collectively, “Buyer Companies”) of Potential Buyer so long as Confidential Information is not provided to any such Buyer Companies and the Buyer Companies are not acting at the direction of or on behalf of Potential Buyer or its Representatives with respect to any matter contemplated by this NDA.


Because of the confidential nature surrounding the sale of the license and/or business, which I will be shown, I agree that all negotiations for the purchase of these businesses shall be handled solely and exclusively through the office of Liquor License Advisor and not with the Seller directly, except as may be required by law.  I also agree not to contact the respective business owner(s), personnel, landlord, suppliers, customers or local town/city officials except through LLAUSA.



Potential Buyer acknowledges that the Client is an express third-party beneficiary of this NDA and shall have the right to enforce this NDA to the same extent as LLAUSA. This NDA constitutes the entire agreement of the parties regarding the subject matter hereof and supersedes all prior or contemporaneous oral or written agreements or discussions with respect to such subject matter. This NDA cannot be amended or modified except to include additional stores discussed or in writing that is signed by all parties. This NDA is binding upon and inures to the benefit of the parties hereto and their respective successors and permitted assigns. Potential Buyer shall not be permitted to assign or delegate all or any portion of this NDA without the Client’s prior written consent. This NDA may be executed in counterparts, each of which shall be deemed an original for all purposes hereunder, and all of which, taken together, shall constitute execution and delivery of one and the same agreement.


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