| Schedule to Asset Purchase Agreement for Purchase of Hotel Assets (Ontario) |
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Use this template to prepare a Schedule / Addendum to Asset Purchase Agreement for the purchase and sale of the assets of a hotel business in the Province of Ontario. Provisions include: The seller's compliance with the Bulk Sales Act. Room rentals, restaurant and lounge receipts to be adjusted at midnight on the date of closing. Transfer of liquor license to purchaser. Seller's warranty that employees are not represented under a collective bargaining agreement. Conditions of purchaser for closing transaction. Representations and warranties of seller. Disclosure of revenues, expenses, contracts and business information. Assignment of service contracts and leases, trade names, signage and phone numbers. This is a Canadian document template in MS Word format, and is fully editable to fit your needs. |