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Why is it critical to expressly identify the property

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Reference no: EM132972757

1. Why is it critical to expressly identify the property to be acquired in a purchase and sale agreement?

2. Today, in the United States, is it more common to structure the acquisition of a hotel as an asset purchase or an entity purchase?

3. What are "retained liabilities" and which party (i.e., Buyer or Seller) does this benefit?

4. If the purchase and sale agreement is Buyer-oriented, and there is a deposit included, when should that deposit ideally become non-refundable?

5. In most states, which party (i.e., the Owner or the Manager) has to hold the liquor license and which party (i.e., the Owner or the Manager) has to be approved?

6. If the purchase and sale agreement is Seller-oriented, what percentage of the "accounts receivable" should Buyer purchase?

7. If the purchase and sale agreement is Buyer-oriented, when should Buyer be able to terminate the purchase and sale agreement for any reason or no reason if Buyer uncovers a due diligence issue?

Reference no: EM132972757

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