Ƶ

All Countries
Real Estate
Restaurant Purchase Contract

Restaurant Purchase Contract Template for Saudi Arabia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Restaurant Purchase Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Restaurant Purchase Contract

"I need a Restaurant Purchase Contract for buying a small family-owned shawarma restaurant in Riyadh, Saudi Arabia, with 10 employees and existing supplier relationships, targeting completion by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Restaurant Purchase Contract is a crucial legal document used in Saudi Arabia when transferring ownership of a restaurant business from one party to another. It is designed to comply with Saudi commercial law, including Royal Decree No. M/32, and incorporates requirements from the Saudi Food and Drug Authority (SFDA) and municipal regulations. This contract type is essential for any restaurant sale transaction, covering everything from asset transfer and employee arrangements to licensing requirements and operational permits. It's particularly important in the Saudi context due to specific regulatory requirements for food service businesses, Zakat considerations, and commercial registration transfers. The document typically includes detailed schedules for assets, warranties, and regulatory compliance certificates, making it comprehensive for both small independent restaurants and larger establishment sales.
Suggested Sections

1. Parties: Identification of the seller and purchaser with full legal names and commercial registration details

2. Background: Context of the transaction, including brief description of the restaurant business and purpose of the agreement

3. Definitions: Key terms used throughout the agreement including Property, Business Assets, Effective Date, Completion Date, etc.

4. Sale and Purchase: Core transaction terms including what is being sold and purchased, the purchase price, and payment terms

5. Conditions Precedent: Prerequisites that must be fulfilled before completion, including regulatory approvals and license transfers

6. Completion: Details of the completion process, timing, and actions required by each party

7. Seller's Warranties: Warranties regarding business ownership, operations, compliance, and disclosed information

8. Property and Assets: Detailed description of physical property, equipment, and other assets included in the sale

9. Employees: Treatment of existing employees, transfer terms, and related obligations

10. Licenses and Permits: Transfer or reissuance of necessary operational licenses and permits

11. Handover: Process for physical handover of the premises and business operations

12. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes

Optional Sections

1. Non-Compete Clause: Restrictions on seller's future business activities - include if seller could potentially compete

2. Intellectual Property: Transfer of brand names, recipes, etc. - include if restaurant has unique IP

3. Training Period: Seller's commitment to train new owner - include if knowledge transfer is needed

4. Lease Assignment: Terms for transferring existing lease - include if premises are leased

5. Supplier Contracts: Transfer of existing supplier relationships - include if valuable supplier contracts exist

6. Environmental Compliance: Special environmental obligations - include if significant environmental concerns exist

Suggested Schedules

1. Schedule 1 - Asset Inventory: Detailed list of all physical assets included in the sale

2. Schedule 2 - Property Details: Detailed description of premises and property specifications

3. Schedule 3 - Employee Information: List of employees with roles, salaries, and benefits

4. Schedule 4 - Licenses and Permits: Copies of all current operational licenses and permits

5. Schedule 5 - Financial Statements: Recent financial statements and trading history

6. Schedule 6 - Supplier Contracts: List of existing supplier contracts and terms

7. Schedule 7 - Warranties: Detailed warranties given by the seller

8. Appendix A - Due Diligence Documents: List of all documents provided during due diligence

9. Appendix B - Handover Checklist: Detailed checklist for business handover process

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


















































Clauses





































Relevant Industries

Food & Beverage

Hospitality

Restaurant Industry

Food Service

Real Estate

Retail

Small Business

Franchise Operations

Commercial Property

Relevant Teams

Legal

Operations

Finance

Compliance

Property Management

Business Development

Commercial

Food Safety

Risk Management

Mergers & Acquisitions

Relevant Roles

Business Owner

Restaurant Owner

Commercial Lawyer

Legal Counsel

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Operations Director

Property Manager

Franchise Manager

Compliance Officer

Food Safety Officer

Business Broker

Commercial Director

Investment Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Home For Sale By Owner Purchase Agreement

A Sharia-compliant purchase agreement for direct property sales between private parties in Saudi Arabia, without real estate agent involvement.

find out more

Letter Of Agreement For Sale Of Land

A Saudi Arabian legal document outlining terms and conditions for land sale and transfer of ownership, compliant with local laws and Shariah principles.

find out more

Restaurant Purchase Contract

A Saudi Arabian law-governed contract for the purchase and sale of a restaurant business, including assets, licenses, and operational rights.

find out more

Vehicle Transfer Agreement Form

A Saudi Arabian law-compliant agreement facilitating the legal transfer of vehicle ownership between parties, meeting all Moroor requirements and Sharia principles.

find out more

Purchase And Sale Form

A Saudi Arabian law-compliant agreement that documents the terms and conditions for the sale and purchase of goods, assets, or property.

find out more

Buy And Sell Agreement Form

A Saudi Arabian law-compliant agreement that formalizes the sale of goods or assets between parties, establishing terms, conditions, and obligations for the transaction.

find out more

Vehicle Sale Purchase Agreement

A Saudi Arabian law-compliant agreement documenting the sale and purchase of a vehicle, including transfer terms and ownership details.

find out more

Vehicle Sales Agreement With Payments

A Sharia-compliant vehicle sales agreement with payment terms, governed by Saudi Arabian law, facilitating the structured purchase of vehicles with installment payments.

find out more

Camper Purchase Agreement

A Saudi Arabian law-compliant agreement for the sale and purchase of recreational vehicles (campers), incorporating both commercial and Sharia law principles.

find out more

Bulk Sales Agreement

A Saudi law-governed agreement establishing terms for bulk purchase and sale of goods, incorporating both commercial and Sharia law requirements.

find out more

Land Transfer Agreement Letter

A formal letter documenting land ownership transfer under Saudi Arabian law and Sharia principles, including essential property and party details.

find out more

Buyer And Seller Agreement Form

A Saudi Arabian law-compliant agreement setting out terms and conditions between buyer and seller for sale transactions.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.