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Restaurant Purchase Agreement for Germany

Restaurant Purchase Agreement Template for Germany

A comprehensive legal agreement governed by German law that facilitates the transfer of ownership of a restaurant business from a seller to a purchaser. The document covers all aspects of the transaction including the transfer of assets, premises, licenses, permits, employees, and operational rights. It incorporates specific requirements under German commercial law (Handelsgesetzbuch), restaurant regulations (Gastst盲ttengesetz), and employment transfer provisions (搂613a BGB). The agreement includes detailed provisions for purchase price, closing conditions, warranties, and post-closing obligations, ensuring compliance with German regulatory requirements for restaurant operations.

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Restaurant Purchase Agreement

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What is a Restaurant Purchase Agreement?

The Restaurant Purchase Agreement is a crucial document used in Germany for the sale and acquisition of restaurant businesses. It is specifically designed to comply with German commercial law requirements and addresses the unique aspects of restaurant business transfers, including specific provisions under the Gastst盲ttengesetz (Restaurant Act) and related regulations. The agreement becomes necessary when a restaurant owner wishes to sell their establishment and transfer all associated assets, licenses, permits, and employees to a new owner. It includes comprehensive provisions for due diligence, asset valuation, employee transfer under 搂613a BGB, premises arrangements, and operational licenses. The document also addresses specific German regulatory requirements for food service establishments, health and safety compliance, and local municipal regulations.

What sections should be included in a Restaurant Purchase Agreement?

1. Parties: Identification of the seller and purchaser with 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: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core transaction terms including the subject matter of sale and purchase commitment

5. Purchase Price: Purchase price, payment terms, adjustments, and escrow arrangements if applicable

6. Closing Conditions: Conditions precedent to completion, including required permits, licenses transfer, and regulatory approvals

7. Due Diligence: Seller's obligations regarding disclosure and purchaser's inspection rights

8. Assets Transfer: Detailed provisions regarding the transfer of tangible and intangible assets

9. Premises: Treatment of property rights, whether owned or leased, including transfer or assignment of lease

10. Employee Matters: Transfer of employment contracts and related obligations under 搂613a BGB

11. Licenses and Permits: Transfer or reapplication of necessary operational licenses and permits

12. Seller's Warranties: Warranties regarding business, assets, employees, compliance, and financial statements

13. Purchaser's Warranties: Basic warranties regarding capacity to enter agreement and financial ability

14. Pre-Closing Obligations: Obligations of parties between signing and closing, including business operation requirements

15. Post-Closing Obligations: Ongoing obligations after closing, including transition support and non-compete provisions

16. Liability and Indemnification: Allocation of risks and indemnification obligations

17. Confidentiality: Confidentiality obligations regarding transaction and business information

18. Governing Law and Jurisdiction: Specification of German law application and jurisdiction for disputes

19. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments

What sections are optional to include in a Restaurant Purchase Agreement?

1. Inventory: Detailed provisions for handling and valuing inventory if included in purchase price

2. Intellectual Property: Specific provisions for trademark, trade name, or recipe transfers if significant IP exists

3. Franchise Arrangements: Required when the restaurant operates under a franchise agreement that needs to be transferred

4. Environmental Matters: Specific provisions regarding environmental compliance and liabilities if property is included

5. Training and Transition: Detailed provisions for seller providing operational training to purchaser

6. Earn-out Provisions: Structure for additional payments based on future performance if part of deal

7. Third-Party Consents: Specific provisions regarding obtaining required third-party consents

8. Data Protection: Specific GDPR compliance provisions if significant customer data is involved

What schedules should be included in a Restaurant Purchase Agreement?

1. Asset Register: Detailed list of all tangible assets included in the sale

2. Equipment List: Inventory of kitchen equipment, furniture, and fixtures

3. Employee Information: List of employees, their roles, and employment terms

4. Lease Details: Copy or summary of premises lease agreement if applicable

5. Licenses and Permits: List of all operational licenses and permits

6. Contracts: Schedule of all contracts being transferred

7. Financial Statements: Recent financial statements and management accounts

8. Inventory List: Current inventory of food, beverages, and supplies

9. Insurance Policies: List of existing insurance policies

10. Intellectual Property: Schedule of trademarks, trade names, and other IP rights

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Germany

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions




























































Clauses















































Relevant Industries

Hospitality

Food & Beverage

Real Estate

Restaurant Management

Franchise Operations

Food Service

Gastronomy

Commercial Property

Small Business

Retail Food Service

Relevant Teams

Legal

Corporate Development

Mergers & Acquisitions

Operations

Finance

Compliance

Real Estate

Business Development

Risk Management

Property Management

Relevant Roles

Business Owner

Restaurant Owner

Chief Executive Officer

Chief Financial Officer

General Counsel

Legal Counsel

Corporate Lawyer

Business Development Manager

Franchise Manager

Operations Director

Restaurant Manager

Property Manager

Compliance Officer

Food Service Director

Acquisition Manager

Real Estate Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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