The Restaurant Asset Purchase Agreement is a specialized commercial contract used in Australian business transactions for the purchase and sale of restaurant businesses and their assets. This document is essential when acquiring an existing restaurant operation, whether it's a small cafe or a large dining establishment. It covers the transfer of tangible assets (such as kitchen equipment, furniture, and inventory), intangible assets (including recipes, customer lists, and goodwill), relevant licenses and permits, and may include provisions for employee transfers. The agreement must comply with Australian federal and state regulations, particularly those relating to food safety, liquor licensing, business transfers, and employment law. It's typically used in conjunction with due diligence investigations and may require various regulatory approvals depending on the jurisdiction and nature of the restaurant business.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the seller and purchaser, including ABN/ACN and registered addresses
2. Background: Context of the sale, brief description of the restaurant business and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpretation
4. Sale and Purchase: Core agreement to sell and purchase the assets, including the restaurant business
5. Purchase Price: Agreed purchase price, payment terms, deposit requirements, and adjustments
6. Completion: Details of the completion process, timing, and obligations of each party
7. Assets: Detailed description of assets included in the sale (equipment, fixtures, inventory, etc.)
8. Liabilities: Assignment and exclusion of liabilities
9. Employees: Treatment of existing employees, transfer arrangements, and related obligations
10. Seller's Obligations: Pre-completion and post-completion obligations of the seller
11. Purchaser's Obligations: Pre-completion and post-completion obligations of the purchaser
12. Warranties: Seller's warranties regarding the business, assets, and compliance
13. Restraint of Trade: Non-compete and non-solicitation provisions
14. Confidentiality: Protection of confidential information and trade secrets
15. GST: GST treatment of the transaction
16. Disputes: Dispute resolution process
17. General Provisions: Standard boilerplate clauses including notices, governing law, etc.
1. Intellectual Property: Transfer of trademarks, recipes, and other IP - used when the restaurant has valuable IP assets
2. Lease Assignment: Terms for assignment of existing lease - used when premises are leased
3. Training and Handover: Transition period and training requirements - used when specific operational knowledge transfer is needed
4. Third Party Consents: Process for obtaining required third-party approvals - used when significant contracts need assignment
5. Stock: Detailed provisions for valuation and transfer of perishable inventory - used when significant stock is included
6. Key Personnel: Arrangements for retention of key staff - used when specific employees are crucial to business
7. Earn-out Provisions: Performance-based additional payments - used when part of purchase price is contingent on future performance
1. Asset Register: Detailed list of all physical assets included in the sale
2. Inventory List: Current stock and inventory items
3. Equipment List: Detailed list of kitchen and restaurant equipment included
4. Employee Details: List of employees and their employment terms
5. Licenses and Permits: Details of all operational licenses and permits
6. Lease Details: Copy or summary of premises lease terms
7. Contracts: List of ongoing contracts and supply agreements
8. Financial Statements: Recent financial records of the business
9. Handover Checklist: Detailed list of tasks for business transition
10. Form of Transfer Documents: Templates for various transfer documents required at completion
Find the exact document you need
Sell By Owner Purchase Agreement
An Australian legal agreement for direct property sales between private sellers and buyers, without real estate agent involvement.
Download
Purchaser And Seller Agreement
An Australian law-governed agreement defining terms and conditions for sale and purchase transactions between parties, including price, delivery, warranties, and obligations.
Download
Sell Agreement Letter
An Australian jurisdiction document that formalizes sale transactions between parties, outlining key terms and conditions while ensuring legal compliance.
Download
Sale Agreement Between Two Parties
An Australian-compliant agreement documenting the terms and conditions of a sale transaction between two parties, including price, delivery, and warranties.
Download
Real Estate Contract Assignment Form
An Australian legal document that facilitates the transfer of rights and obligations under an existing property contract from one buyer to another, compliant with Australian property law.
Download
Real Estate Land Purchase Agreement
An Australian law-governed agreement for the sale and purchase of real property, detailing terms, conditions, and obligations of the transaction.
Download
Buy Sell Agreement For LLC
An Australian-law governed agreement that regulates the buying and selling of company shares between shareholders in a Proprietary Limited Company upon specified trigger events.
Download
Simple Car Purchase Agreement
An Australian-compliant template for documenting vehicle sales transactions, suitable for both private and commercial vehicle transfers.
Download
Property Buy Sell Agreement
An Australian legal agreement governing the sale and purchase of real property, outlining terms, conditions, and obligations of all parties involved in the transaction.
Download
Aircraft Purchase And Sale Agreement
An Australian law-governed agreement for the sale and purchase of aircraft, detailing transfer terms, specifications, and regulatory compliance requirements.
Download
Purchase Price Agreement
An Australian-law governed agreement setting out terms and conditions for purchase transactions, including price, payment terms, and completion requirements.
Download
Contract For Selling A Car
An Australian-law governed agreement for the sale and purchase of a motor vehicle, ensuring compliance with federal and state regulations while protecting both parties' interests.
Download
Vessel Purchase And Sale Agreement
An Australian law-governed agreement for the sale and purchase of a vessel, detailing terms, conditions, and transfer of ownership requirements.
Download
Restaurant Sale Agreement
An Australian law-governed agreement for the sale and purchase of a restaurant business, including assets, licenses, and operational transfers.
Download
Manufactured Home Purchase Agreement
An Australian law-governed agreement for the sale and purchase of a manufactured home, detailing transaction terms and regulatory compliance requirements.
Download
Legal Sales Agreement
An Australian law-governed agreement that formalizes sales transactions, detailing terms, conditions, and obligations of both parties.
Download
Land Sales Agreement
An Australian legal agreement documenting the terms and conditions for the sale and purchase of real property, compliant with state and federal property laws.
Download
Land Buying Contract
An Australian law-governed contract for the sale and purchase of land, establishing terms, conditions, and obligations for property transfer between vendor and purchaser.
Download
Horse Bill Of Sale Purchase Agreement
An Australian-compliant legal agreement documenting the sale and purchase of a horse, including ownership transfer and warranty terms.
Download
For Sale By Owner Offer To Purchase Contract
An Australian legal contract for direct property sales between owner and buyer, without real estate agent involvement.
Download
Conditional Sale And Purchase Agreement
An Australian law-governed agreement that sets out terms for a conditional sale and purchase transaction, where the sale completion is subject to specified conditions being met.
Download
Confidentiality Agreement For Sale Of Business
An Australian-law governed confidentiality agreement protecting sensitive information during business sale processes.
Download
New Construction Residential Purchase Agreement
An Australian legal agreement for the purchase of newly constructed residential properties, combining property purchase and construction specifications under Australian law.
Download
Bill Of Sale Asset Purchase
An Australian legal document evidencing the sale and transfer of personal property assets from seller to buyer, compliant with federal and state legislation.
Download
Agreement To Sell And Purchase
An Australian law-governed agreement that documents the terms and conditions for the sale and purchase of property, assets, or business interests.
Download
Vacant Land Lot Purchase Contract
An Australian jurisdiction contract for the purchase and sale of vacant land, establishing terms and conditions for land ownership transfer while ensuring compliance with local property laws.
Download
Second Hand Bike Purchase Agreement
An Australian legal agreement for the sale and purchase of a second-hand motorcycle, incorporating relevant consumer law provisions and vehicle transfer requirements.
Download
Real Estate Bill Of Sale Contract
An Australian legal contract documenting the terms and conditions for the sale and purchase of real estate property, ensuring compliance with state and federal property laws.
Download
As Is Where Is Sale Agreement
Australian-law governed agreement for the sale of assets in their current condition without warranties, where the buyer accepts all risks regarding the asset's condition.
Download
Contract For Buying Land From Owner
An Australian law-governed agreement for the sale and purchase of land, detailing all essential terms and conditions of the property transfer.
Download
No Home Sale Contract
An Australian legal agreement preventing real estate agents from purchasing properties they are engaged to sell, ensuring compliance with local property laws and ethical standards.
Download
Business Purchase Term Sheet
An Australian-compliant preliminary document outlining key terms and conditions for a business purchase transaction, serving as a basis for the final purchase agreement.
Download
Advance Agreement For Sale Of Land
An Australian legal document establishing the preliminary terms and conditions for a future property sale, including purchase price, deposit arrangements, and settlement conditions.
Download
Private Land Purchase Agreement
An Australian legal agreement governing the sale and purchase of private land, detailing terms, conditions, and obligations of both parties.
Download
Horse Sales Agreement With Payment Plan
An Australian-law governed agreement for horse sales with structured payment terms, including ownership transfer and maintenance obligations.
Download
Promissory Note Purchase And Sale Agreement
An Australian law agreement governing the sale and purchase of promissory notes, including transfer terms and regulatory compliance requirements.
Download
Agreement To Sell Real Estate Form
An Australian legal document that formalizes the sale and purchase of real estate property, complying with relevant state and federal property laws.
Download
Purchase Agreement For Buying A Business
An Australian law-governed agreement for the sale and purchase of a business, covering all aspects of the transaction including assets, liabilities, and regulatory requirements.
Download
Letter Of Agreement To Sell Property
An Australian legal document outlining the agreed terms between property seller and buyer, serving as a preliminary agreement before the formal contract of sale.
Download
Commercial Agreement Of Purchase And Sale
An Australian law-governed agreement establishing terms and conditions for commercial sale transactions between businesses.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)