Restaurant Sale Agreement Sample

13. Applicable law and royalties: This Contract is governed by state laws – In the event of an action against the terms of this Agreement, the dominant party is entitled to recover the other party`s legal fees and fees. 5.19 Inventory. Immediately after closing the business the day before the closing date, the Asset Seller restaurant and Restaurant Asset Buyer conduct a physical inventory census. The restaurant`s asset seller must submit, at least three days before closing, a report on all existing inventory on the site (the inventory), held on that date by the Asset Seller restaurant and: a) usable or marketable in normal transactions; (b) sufficient, but not excessively, in kind or in kind for the performance of the business as it is currently operated, and (c) in the books of the Asset Sellers restaurant for an amount reflecting its costs. According to such a finding, the Asset Seller restaurant must justify the cost of such a valuable and saleable inventory in the form of a report certified by the Asset Seller restaurant of inventory on the site, and the Asset Buyer restaurant and the Asset Seller restaurant jointly sets the amount that must be added to the purchase price (the “inventory report”), and frees up the value of the inventory at the cost of calculating the purchase price and the restaurant and free of all pledges and charges. The value of the inventory is 100% (100%) calculated. The total cost of the inventory. The inventory includes, but is not limited to, all usable and non-open beers (including und opening casks), Restaurant Asset Seller`s wine and spirits stocks, as well as food products that are suitable jointly at The Asset Buyer Restaurant and the Asset Seller Restaurant, are sold by the Asset Seller restaurant at The Asset Buyer Restaurant, as defined in this agreement. As is used here, a stock that is in good condition and marketable means the quality sold regularly and served to the customers of the Asset Seller restaurant as part of the usual activities. 9.1. Taxes.

The purchaser of restaurant assets must pay all sales, uses, transfers or other taxes due or due in connection with the transfer and transfer of assets related to this paragraph, and the Restaurant Asset Seller assumes no responsibility in this regard.