Restaurant Asset Purchase Agreement Template for Saudi Arabia

1. Non-Competition: Restrictions on seller's future business activities - include when seller has other restaurant operations

2. Intellectual Property: Transfer of trademarks, trade names, and recipes - include when IP assets are significant

3. Training and Transition: Seller's obligations to train buyer's staff - include when specialized knowledge transfer is needed

4. Lease Assignment: Terms for transferring existing lease - include when premises are leased

5. Existing Contracts: Assignment of supplier and service contracts - include when valuable contracts exist

6. Environmental Matters: Environmental compliance and liabilities - include for older properties or when environmental concerns exist

1. Schedule A - Asset Inventory: Detailed list of all tangible assets included in the sale

2. Schedule B - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule C - Purchase Price Allocation: Breakdown of purchase price among various asset categories

4. Schedule D - Permits and Licenses: List of all operational permits and licenses

5. Schedule E - Employee Information: List of employees, positions, and key employment terms

6. Schedule F - Assumed Contracts: List of contracts being assigned to buyer

7. Schedule G - Form of Bill of Sale: Form document for transferring asset ownership

8. Schedule H - Closing Checklist: List of all required closing deliverables and actions

9. Appendix 1 - Equipment Specifications: Technical details of major equipment being transferred

10. Appendix 2 - Financial Statements: Recent financial statements of the restaurant operation