The Restaurant Asset Purchase Agreement is a specialized commercial contract used when transferring ownership of a restaurant business's assets in Germany. It is essential for transactions involving the sale of restaurant operations, whether small independent establishments or larger dining venues. The agreement comprehensively covers the transfer of physical assets, operational permits, employment contracts (under 脗搂613a BGB), and gastronomy licenses, while ensuring compliance with German food safety regulations and commercial laws. This document is particularly important as it must address specific German legal requirements for business transfers, including mandatory employee rights protection, health and safety regulations, and specific gastronomy sector compliance requirements. It's typically used in conjunction with due diligence processes and often requires coordination with various regulatory authorities.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Restaurant Asset Purchase Agreement
"I need a Restaurant Asset Purchase Agreement for the sale of my small Italian restaurant in Munich, including all kitchen equipment and furniture, with the closing date set for March 15, 2025, and special attention to transferring my existing staff of 12 employees to the new owner."
1. Parties: Identification of the seller and purchaser, including full legal names, registration details, and addresses
2. Background: Context of the transaction, including brief description of the restaurant business and purpose of the agreement
3. Definitions: Key terms used throughout the agreement, including specific German legal and regulatory terms
4. Sale and Purchase of Assets: Detailed description of assets being transferred, including tangible and intangible assets
5. Purchase Price: Purchase price, payment terms, adjustments, and VAT considerations under German tax law
6. Closing: Conditions precedent, closing mechanics, and timing of the transaction
7. Seller's Warranties: Warranties regarding business ownership, operations, compliance with German laws and regulations
8. Property and Equipment: Details of restaurant premises, kitchen equipment, furniture, and fixtures
9. Employees: Treatment of employees under 脗搂613a BGB, including transfer of employment contracts and obligations
10. Licenses and Permits: Transfer of gastronomy licenses, alcohol licenses, and other operational permits
11. Liabilities: Allocation of liabilities between seller and purchaser
12. Covenants: Pre-closing and post-closing obligations of both parties
13. Indemnification: Indemnification provisions and liability limitations
14. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
15. Miscellaneous: Standard closing provisions including notices, amendments, and severability
1. Intellectual Property: Transfer of restaurant name, logos, recipes, and other IP (if applicable)
2. Third-Party Contracts: Assignment of supplier contracts, service agreements, and other ongoing relationships
3. Environmental Matters: Environmental compliance and liabilities, if restaurant premises have specific environmental concerns
4. Training and Transition: Provisions for seller to provide operational training to purchaser
5. Non-Competition: Restrictions on seller's future restaurant operations in the area
6. Inventory: Detailed treatment of food, beverage, and supply inventory if included in sale
7. Real Estate Matters: If property is owned rather than leased, or if lease transfer requires special provisions
8. Data Protection: Specific provisions regarding customer data transfer under GDSG
9. Force Majeure: Provisions for extraordinary events affecting closing or operations
1. Asset Inventory: Detailed list of all tangible assets included in the sale
2. Equipment List: Detailed inventory of kitchen equipment, appliances, and fixtures
3. Employee Information: List of employees, positions, and employment terms
4. Contracts List: Schedule of all assignable contracts and agreements
5. Licenses and Permits: Complete list of operational licenses and permits being transferred
6. Excluded Assets: List of assets explicitly excluded from the sale
7. Assumed Liabilities: Detailed list of liabilities being assumed by purchaser
8. Property Details: Layout plans, property documents, or lease agreements
9. Purchase Price Allocation: Breakdown of purchase price across asset categories for tax purposes
10. Due Diligence Findings: Summary of key due diligence findings and required remedial actions
Authors
Relevant legal definitions
Clauses
Relevant Industries
Hospitality
Food & Beverage
Restaurant Operations
Real Estate
Food Service
Gastronomy
Retail
Small Business
Commercial Property
Professional Services
Relevant Teams
Legal
Finance
Operations
Compliance
Real Estate
Mergers & Acquisitions
Business Development
Risk Management
Property Management
Commercial
Relevant Roles
Restaurant Owner
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Operations Director
Legal Counsel
Corporate Lawyer
Business Broker
Restaurant Manager
Acquisition Manager
Real Estate Manager
Compliance Officer
Finance Director
Commercial Director
Business Transfer Specialist
Property Manager
Asset Manager
Restaurant Consultant
Find the exact document you need
Asset For Share Agreement
A German law-governed agreement facilitating the transfer of business assets in exchange for newly issued shares in the receiving company.
find out more
Share Purchase And Transfer Agreement
A German law-governed agreement documenting the sale and transfer of company shares, including purchase terms, warranties, and closing conditions.
find out more
Bond Transfer Agreement
A German law-governed agreement documenting the transfer of bonds between parties, including transfer terms, settlement mechanics, and regulatory compliance requirements.
find out more
Company Share Purchase Agreement
A German law-governed agreement for the sale and purchase of company shares, documenting transaction terms and conditions in accordance with German corporate requirements.
find out more
Restaurant Asset Purchase Agreement
German law-governed agreement for the purchase and sale of restaurant business assets, including equipment, licenses, and operational assets.
find out more
Share Sale And Purchase Agreement
A German law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including purchase price, warranties, and completion mechanics.
find out more
Share Sale Agreement
A German law-governed agreement for the sale and purchase of company shares, incorporating local legal requirements and transfer formalities.
find out more
Software Asset Purchase Agreement
A German law-governed agreement for the purchase and transfer of software assets, including IP rights, technical specifications, and compliance requirements.
find out more
Share And Asset Purchase Agreement
A German law-governed agreement combining share and asset purchase elements, detailing terms for simultaneous transfer of company shares and specific assets.
find out more
Member Interest Purchase Agreement
A German law-governed agreement for the sale and purchase of membership interests in a GmbH (German limited liability company), requiring notarization.
find out more
Machinery Purchase Agreement
German law-governed agreement for industrial machinery purchase, incorporating EU and German safety standards and commercial requirements.
find out more
Equity Interest Purchase Agreement
German law-governed agreement for the purchase and sale of company shares, including transaction terms, warranties, and closing conditions.
find out more
Digital Asset Purchase Agreement
German law-governed agreement for the sale and purchase of digital assets, including cryptocurrencies, tokens, and NFTs, with compliance under German financial regulations.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.