Customers who bought this item also bought
Ontario Offer to Purchase Restaurant Assets
You can easily write an offer to buy the assets and property of a restaurant with this downloadable template Offer to Purchase for the Province of Ontario.
- The offer becomes a legally binding agreement of purchase and sale once it has been accepted by the seller.
- On closing, the buyer will pay the seller the value of liquor, food and beverages on hand, valued at either cost or net realizable value, whichever is lower.
- The buyer is not required to purchase inventory older than two months or inventory which is unsaleable or unusable.
- The buyer is responsible for remitting the GST applicable to the sale. The buyer will also pay retail sales tax on the purchased assets.
- The seller will give the buyer reasonable access to the premises, books and records of the business to enable the buyer to conduct its due diligence investigation.
- The agreement contains the standard representations and warranties of each party.
- The seller agrees not to carry on or be involved with a competing business within an agreed proximity to the restaurant, and will not solicit customers or employees from the business.
- The Offer to Purchase form is intended for use within the Province of Ontario, Canada.
$29.99
Restaurant Lease | Canada
Lease a restaurant premises in Canada to a tenant with this Restaurant Lease template.
- This is a triple net lease, and the tenant pays all taxes, charges and assessments on the premises, all operating costs, all utilities and services to the premises.
- Parking.The restaurant shares the common parking lot with other businesses in the mall or building.
- Indemnification. The tenant indemnifies the landlord against any claims arising from the tenant's use and occupation of the space.
- Use of Premises. The premises are to be used for the purposes of a restaurant only. This lease can be used for a dine-in or take-out and delivery restaurant. The tenant will have the exclusive right during the lease term to sell specific food items in the building / mall.
- Insurance. The tenant is required to carry comprehensive general liability insurance, all risk insurance, boiler and machinery insurance (if applicable), and business interruption insurance.
- Events of Default. If the tenant becomes bankrupt or insolvent, or if a receiver is appointed, the current month's rent and the next 3 months' rent will become immediately payable, and the landlord has the right to recover possession of the premises.
- Dispute Resolution. The parties agree to binding arbitration in the event of a dispute.
- Available in MS Word format.
- Intended to be used only in Canada.
$29.99
Asset Purchase Agreement | Canada
Purchase the assets of a Canadian business with this comprehensive Asset Purchase Agreement.
- The business is sold as a going concern, including assets, inventory and goodwill.
- The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
- The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
- Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement are included in this package.
- The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs.
- Intended for use only in Canada.
$49.99