Worried about signing a restaurant lease or purchase agreement without fully understanding the legal implications? You need an attorney like Roberta Economidis by your side. As a founding partner at Georgopolis and Economidis Law Group, Roberta specializes in corporate and business law with a focus on the hospitality industry.
Whether you're a seasoned restaurant owner or just starting out, this episode is packed with valuable information that can help you navigate the complex legal side of restaurant dealmaking. Roberta is here to share her insights on the importance of having proper legal representation when entering into restaurant transactions.
Tune in this week as Roberta breaks down the key factors to consider in purchase agreements and leases, and explains how working with a specialized attorney can protect your interests and prevent costly mistakes. From asset sales vs stock sales to personal guarantees and assignment clauses, Roberta covers a wide range of legal topics that every restaurateur should be aware of.
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What You’ll Learn from this Episode:
Why having legal representation is crucial when entering into restaurant transactions.
The difference between an asset sale and a stock sale, and which one is preferable for restaurants.
How to negotiate key terms in a restaurant lease, such as assignment clauses and personal guarantees.
The importance of considering long-term implications when signing a lease or purchase agreement.
Why working with a specialized attorney can streamline the transaction process and protect your interests.
How to approach a landlord about waiving certain lease provisions that may hinder a sale.
The potential pitfalls of having a dual agent represent both parties in a transaction.
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