Recorded Webinar: Buy Now, Cry Later: Managing Risks When Buying or Selling Licensed Premises (NSW)

The purchase and sale of a licensed premise is quite different from the usual purchase and sale of a business and requires specific considerations and additional applications to process. This session provides an overview of the steps NSW practitioners should take when acting for a client when they buy or sell a licensed premise. It covers:

• What is required to transfer a liquor license as part of a sale of business and/or land;
• What due diligence may be required and other pre-contractual obligations;
• What to look for in a lease;
• Advantages and disadvantages of heads of agreements in the area of liquor licensing;
• What is meant by ‘fit for purpose’ and what should be included in contract (e.g. restraint clauses etc);
• Common pitfalls experienced by purchasers and how to avoid them; and
• Remedies