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1. Parties: Identification of Seller and Purchaser with full legal names and registration details
2. Background: Context of the transaction, including brief description of the restaurant business and reason for sale
3. Definitions: Key terms used throughout the agreement, including Business, Assets, Completion Date, etc.
4. Sale and Purchase: Core transaction terms including what is being sold and purchased
5. Purchase Price: Purchase price, payment terms, deposit requirements, and adjustment mechanisms
6. Conditions Precedent: Conditions that must be satisfied before completion, including regulatory approvals and licenses
7. Pre-Completion Obligations: Parties' obligations between signing and completion, including business operation requirements
8. Completion: Completion mechanics, timing, and deliverables
9. Seller's Warranties: Warranties regarding business, assets, employees, licenses, and compliance
10. Purchaser's Warranties: Basic warranties regarding capacity to purchase and fund the transaction
11. Liability and Indemnities: Liability provisions and indemnification obligations
12. Post-Completion Obligations: Ongoing obligations after completion, including transition support
13. Confidentiality: Confidentiality obligations regarding transaction and business information
14. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions
15. General Provisions: Standard boilerplate provisions including notices, amendments, and entire agreement
1. Employee Matters: Detailed provisions for employee transfers - include if staff will transfer to purchaser
2. Intellectual Property: Specific IP transfer provisions - include if significant brand value or proprietary recipes
3. Property Lease: Provisions dealing with transfer/assignment of lease - include if premises lease is part of transaction
4. Non-Compete: Restrictions on seller's future competing activities - include if protecting territorial rights
5. Earn-out Provisions: Performance-based additional payments - include if part of purchase price is contingent on future performance
6. Tax Covenant: Specific tax-related provisions - include if significant tax implications or structuring
7. Environmental Matters: Environmental compliance and liability - include if premises owned or environmental concerns exist
1. Asset Schedule: Detailed list of all assets included in the sale
2. Excluded Assets: List of assets specifically excluded from the sale
3. Equipment and Inventory: Detailed inventory of restaurant equipment and current stock
4. Employees: List of employees with key terms of employment
5. Licenses and Permits: List of all operational licenses and permits
6. Lease Details: Copy or key terms of premises lease
7. Intellectual Property: List of transferred IP including trademarks, recipes, and trade secrets
8. Form of Handover Certificate: Template for completion documentation
9. Completion Checklist: List of actions and deliverables required for completion
Assets
Business
Business Day
Completion
Completion Date
Confidential Information
Consideration
Contracts
Deposit
Effective Date
Employees
Encumbrance
Equipment
Excluded Assets
Food License
Goodwill
Governmental Authority
Intellectual Property Rights
Inventory
Lease
Leased Premises
Liabilities
Licenses
Loss
Material Adverse Change
Municipality
Parties
Permits
Purchase Price
Purchaser
Records
Seller
Trade Fixtures
Trade Name
Transaction
Transfer Date
Warranties
Working Capital
Purchase Price
Deposit
Payment Terms
Conditions Precedent
Due Diligence
Asset Transfer
License Transfer
Premises Assignment
Employee Transfer
Inventory
Equipment
Pre-Completion Obligations
Completion
Post-Completion Obligations
Warranties
Representations
Indemnification
Liability
Food Safety Compliance
Health Permits
Regulatory Compliance
Intellectual Property
Confidentiality
Non-Competition
Trade Secrets
Business Records
Tax Matters
Insurance
Force Majeure
Dispute Resolution
Governing Law
Assignment
Notices
Amendments
Severability
Entire Agreement
Third Party Rights
Costs
Counterparts
Food & Beverage
Hospitality
Retail
Commercial Real Estate
Franchise Operations
Small Business
Leisure & Entertainment
Food Service
Restaurant Management
Legal
Finance
Operations
Compliance
Risk Management
Business Development
Property Management
Commercial
Mergers & Acquisitions
Food Safety & Quality
Business Owner
Restaurant Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Legal Counsel
Corporate Lawyer
Business Development Manager
Operations Director
Franchise Manager
Compliance Officer
Risk Manager
Investment Manager
Property Manager
Restaurant Consultant
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