Licenses and Permits (Including Liquor License) Clause in a Hotel Purchase and Sale Agreement | Practical Law

Licenses and Permits (Including Liquor License) Clause in a Hotel Purchase and Sale Agreement | Practical Law

A Standard Clause for use in a purchase and sale agreement for an existing operating hotel. It contains the obligation and covenants of the purchaser to transfer existing licenses and permits (including the liquor license), or obtain new licenses and permits, for the hotel. This Standard Clause contains integrated notes with important explanations and drafting and negotiating tips for both sellers and purchasers.

Licenses and Permits (Including Liquor License) Clause in a Hotel Purchase and Sale Agreement

by Practical Law Real Estate, with Samantha Ahuja, Greenberg Traurig LLP
A Standard Clause for use in a purchase and sale agreement for an existing operating hotel. It contains the obligation and covenants of the purchaser to transfer existing licenses and permits (including the liquor license), or obtain new licenses and permits, for the hotel. This Standard Clause contains integrated notes with important explanations and drafting and negotiating tips for both sellers and purchasers.