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1. Parties: Identification of the seller and purchaser with full legal names and addresses
2. Background: Context of the transaction, including brief description of the restaurant business and reason for sale
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase of Assets: Details of assets being transferred and the agreed purchase price
5. Purchase Price and Payment Terms: Breakdown of purchase price, payment schedule, and payment methods
6. Closing: Conditions precedent, closing date, and closing deliverables
7. Seller's Representations and Warranties: Warranties regarding ownership, condition of assets, licenses, permits, and compliance with laws
8. Purchaser's Representations and Warranties: Warranties regarding legal capacity and financial ability to complete the purchase
9. Pre-Closing Covenants: Obligations of parties between signing and closing, including business operation requirements
10. Post-Closing Covenants: Ongoing obligations after closing, including transition support
11. Indemnification: Terms for compensation for losses arising from breaches or claims
12. Termination: Circumstances under which the agreement may be terminated and consequences
13. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction
14. General Provisions: Standard clauses including notices, amendments, and entire agreement
1. Employee Matters: Terms regarding transfer of employees, to be included if employees will be transferred to the purchaser
2. Intellectual Property: Specific provisions for transfer of recipes, trade secrets, and branding, if these are significant assets
3. Lease Assignment: Terms for transfer of lease rights, if premises are being transferred as part of the deal
4. Inventory: Detailed provisions for valuation and transfer of food and beverage inventory, if included in sale
5. Training and Transition Services: Terms for post-closing training and support, if agreed between parties
6. Non-Competition: Restrictions on seller's future restaurant operations, if negotiated
7. Customer Data and Loyalty Programs: Terms for transfer of customer databases and loyalty program obligations, if applicable
8. Environmental Matters: Specific provisions regarding environmental compliance and liability, if significant concerns exist
1. Schedule 1 - Asset List: Detailed inventory of all physical assets included in the sale
2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale
3. Schedule 3 - Licenses and Permits: List of all operational licenses and permits and their status
4. Schedule 4 - Equipment List: Detailed list of kitchen and restaurant equipment included in sale
5. Schedule 5 - Intellectual Property: List of trademarks, recipes, and other IP being transferred
6. Schedule 6 - Employee Information: Details of employees and their employment terms, if relevant
7. Schedule 7 - Assumed Contracts: List of contracts being transferred to the purchaser
8. Schedule 8 - Form of Bill of Sale: Template for the transfer document to be signed at closing
9. Appendix A - Current Licenses: Copies of all current operational licenses and permits
10. Appendix B - Financial Statements: Recent financial statements of the restaurant business
Food & Beverage
Hospitality
Restaurant Industry
Retail
Small Business
Franchising
Commercial Real Estate
Leisure & Entertainment
Legal
Finance
Operations
Compliance
Risk Management
Business Development
Mergers & Acquisitions
Property Management
Asset Management
Commercial
Restaurant Owner
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Legal Counsel
Business Broker
Operations Manager
Asset Manager
Acquisition Manager
Finance Director
Compliance Officer
Risk Manager
Property Manager
Restaurant Manager
Franchise Manager
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