Alaska Agreement for Purchase and Sale of Restaurant including Bar Business, Liquor License and Real Estate, with Purchase to Finance Part of Purchase Price

State:
Multi-State
Control #:
US-00651BG
Format:
Word
Instant download

Description

This form involves the sale of a restaurant, including its bar business, liquor license and real estate. Seller will finance part of the purchase price by a promissory note secured by a mortgage or deed of trust and a security agreement evidenced by a UCC-1 financing statement.
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  • Preview Agreement for Purchase and Sale of Restaurant including Bar Business, Liquor License and Real Estate, with Purchase to Finance Part of Purchase Price
  • Preview Agreement for Purchase and Sale of Restaurant including Bar Business, Liquor License and Real Estate, with Purchase to Finance Part of Purchase Price
  • Preview Agreement for Purchase and Sale of Restaurant including Bar Business, Liquor License and Real Estate, with Purchase to Finance Part of Purchase Price

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FAQ

While you definitely need a lawyer to complete the settlement of your sale, you technically don't need a lawyer to sign a 'Sale and Purchase Agreement'. However, it's wise to speak to your lawyer as soon as you have decided to put your property on the market.

A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller can only accept the offer by signing the document, not by just providing the goods.

Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.

As discussed above, a purchase agreement should contain buyer and seller information, a legal description of the property, closing dates, earnest money deposit amounts, contingencies and other important information for the sale.

To obtain a sale and purchase agreement you'll need to contact your lawyer or conveyancer or a licenced real estate professional. You can also purchase printed and digital sale and purchase agreement forms online.

A sales agreement is a contract between a buyer and a seller that details the terms of an exchange. It is also known as a sales agreement contract, sale of goods agreement, sales agreement form, purchase agreement, or sales contract.

Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.

How to write a real estate purchase agreement.Identify the address of the property being purchased, including all required legal descriptions.Identify the names and addresses of both the buyer and the seller.Detail the price of the property and the terms of the purchase.Set the closing date and closing costs.More items...

What Should I Include in a Sales Contract?Identification of the Parties.Description of the Services and/or Goods.Payment Plan.Delivery.Inspection Period.Warranties.Miscellaneous Provisions.

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Alaska Agreement for Purchase and Sale of Restaurant including Bar Business, Liquor License and Real Estate, with Purchase to Finance Part of Purchase Price