How to Buy and Sell a Restaurant

This introductory program will teach you about the different forms of restaurant purchase and sale transactions along with the advantages and disadvantages of each; the due diligence required of counsel representing a seller or purchaser including review of issues in the lease to be assigned; alternatives for security for deferred portion of the purchase price; contract and closing contingencies including liquor license considerations; representatives of the buyer and seller; transferee liability or certain obligations and how to protect against liability; and closing preparation and documents.

Live Program: $199 Member, $299 Nonmember
Small Law Firm: $99 Member, $199 Nonmember (This discounted rate for select programs cannot be combined with other discounts.)

Discounts will be granted to attorneys working for government agencies, public interest groups, full-time students and full-time academics.

9:00 – 9:30 a.m.        Nature of the Transaction

9:30 – 10:15 a.m.      Attorneys Pre-Contract Due Diligence

10:15 – 10:30 a.m.    Adjustments to Price and Security for Deferred Payments

10:30 – 10:45 a.m.    Break

10:45 – 11:15 a.m.    Contingencies to Closing Including Liquor License Contingency

11:15 – 11:30 a.m.    Representations of Buyer and Seller and Indemnifications

11:30 – 11:45 a.m.    Sales Tax Issues

11:45 – 12:00 p.m.    Preparation for and Closing

Sponsoring Association Committee: Restaurants & Hospitality, Louis Pechman, Chair

Sponsorship Opportunities are Available! Please Contact: 
Ann Rappleye, Director, City Bar Center for CLE | (212) 382-6606 | ARappleye@nycbar.org or
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Darianne De Leon, Program & Sponsorship Coordinator, City Bar Center for CLE | (212) 382-6731 | ddeleon@nycbar.org