The Franklin Ohio Agreement for Sale of Liquor Store Business, including Liquor License, is a legal document that outlines the terms and conditions for the sale and transfer of a liquor store business along with the associated liquor license in the city of Franklin, Ohio. This agreement serves as a crucial tool in ensuring a smooth and lawful transition of ownership and operations. The agreement typically includes key details such as the names and contact information of the buyer and seller, the agreed-upon purchase price, the physical location of the liquor store, and a comprehensive description of the assets being transferred, including the liquor license. The liquor license is a vital component of the agreement, as it grants the owner the legal right to sell alcoholic beverages. In Franklin, Ohio, there are different types of liquor licenses, each with different privileges and requirements. These licenses may include: 1. D-1 Liquor License: This license permits the sale of beer, wine, and spirits for on-premises consumption, typically within bars, restaurants, and certain designated establishments. 2. D-2 Liquor License: This license allows the sale of beer, wine, and spirits for off-premises consumption, commonly found in package or retail stores specializing in liquor sales. 3. D-3 Liquor License: This license is specifically for carryout establishments, allowing them to sell beer and wine for off-premises consumption only, usually applicable to convenience stores or gas stations. 4. D-4 Liquor License: This license permits the sale of beer, wine, and spirits for on-premises consumption and off-premises consumption, commonly used by grocery stores or supermarkets with attached bars or restaurant areas. The Franklin Ohio Agreement for Sale of Liquor Store Business not only covers the transfer of the liquor license but also outlines any additional permits, inventory, equipment, lease agreements, leasehold improvements, and goodwill associated with the business. It may also include non-compete clauses, where the seller agrees not to establish a similar business within a specified distance for a designated period after the sale. This legally binding agreement is essential for both the buyer and seller, as it establishes clear expectations and protects the rights and interests of both parties involved in the transaction. It is highly recommended that individuals seek legal guidance from a professional specializing in business and liquor licensing laws in Franklin, Ohio, to ensure a proper and compliant agreement is created for the sale of a liquor store business, including the transfer of a liquor license.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.