Fill and Sign the Trust Agreement or Declaration of Trust What Are They Form

Agreement for Sale of Liquor Store Business including Liquor License Agreement made on the ___ day of __________, 20___, between ________________ of (street address, city, county, state, zip code), referred to herein as Seller, and _______________, a corporation organized and existing under the laws of the state of ______________, with its principal office located at (street address, city, county, state, zip code), referred to herein as Purchaser. Whereas, Seller owns certain premises located at (street address, city, county, state, zip code), which real property is more particularly described as follows: (legal description of real property) Whereas, Seller also holds a valid liquor license issued by (the Department of Alcoholic Beverage Control), License No. ___________, with respect to the liquor store business (hereinafter sometimes called liquor business) conducted by him on the described premises under the name of (name of business). Whereas, Purchaser desires to buy from Seller, and Seller desires to sell to Purchaser, the described real property as well as the liquor license now held by Seller and the liquor business now conducted by Seller, together with the furniture, fixtures, stock-in-trade, and equipment, said Liquor License No. _________, the business name and all the trade and good will of the business. Now, therefore, for and in consideration of the mutual covenants set forth in this Agreement, the parties agree as follows: I. Purchase and Sell.Seller shall sell to Purchaser and Purchaser shall purchase from Seller the described real property together with the buildings and improvements erected on the property, the liquor business located on said real property, said Liquor License No. _________, the business name and all the trade and good will of the business, and the stock-in-trade, furniture, fixtures and equipment of the liquor business as shown in the inventory attached to this Agreement and marked Exhibit A. II. Purchase Price.A. The total purchase price to be paid by Purchaser to the Seller for the liquor business, real and personal property, and the assets and license described in this contract shall be $_______________ . Such purchase price is allocable as follows:  Liquor license
(f) in lieu of furnishing an exhibit, in whole or in part, to describe the assets and the license described herein, the parties may include the following in the exhibits attached to the agreement: exhibit a exhibit b exhibit c exhibit d exhibit e iii. The liquor store business and the building or improvements on the property may be shown and described separately or together as applicable. Iv. The value of the assets or licenses, including the buildings and improvements on the property and the liquor license, sold under this contract shall be computed by during the closing date of such sale. V. In lieu of a cash deposit by purchaser, the seller may agree to provide security in-kind, including for deposit with escrow service, or to receive payment, or both, from purchaser on the settlement date. This option shall be subject to the foregoing payment schedules and payment, or deposits, of escrow service. Vi. The cash balance to be paid to purchaser shall include the total of cash deposit, plus (i) the total cash balance due to purchaser from seller for which the liquor license was suspended with cause; and (ii) any cash balance to be earned over the term of the contract. Vii. Cash balance to be earned over the term of contract means the amount due purchaser at the end of the term of such agreement; such amount shall be based upon: (1) the actual cash balances earned by each party over the term of such contract; and (2) the total cash balance earned by each party over the term of this contract as determined in accordance with the rules adopted by the board pursuant to the provisions of section 36-1-101, ; including, but not limited to, any net cash balances earned by seller from purchaser. Viii. Purchaser recognizes and acknowledges and agrees that the receipt and receipt by any of the obligations of the parties hereunder, if any, or any other similar payment or return, shall not constitute a warranty by purchaser of the validity and performance of this agreement. In the event purchaser, in fact, is entitled to enforce any of this agreement, purchaser shall only exercise such rights in an action in the district court of this state. The receipt by the purchaser of an item of this agreement, the receipt by seller of an item of a contract for the sale of the assets and licenses of the liquor store business, and any other return therefrom, shall not of themselves.