Contract Assignment Final.docx - Contract Assignment#6-2 Alexis Summer Dobozy 4278165 Grace Garcia Marrero 3726192 Victorianne Durandis 4418873 Sebrina

Contract Assignment Final.docx - Contract Assignment#6-2...

This preview shows page 1 - 3 out of 7 pages.

Contract Assignment, #6-2 Alexis Summer Dobozy, 4278165 Grace Garcia Marrero 3726192 Victorianne Durandis 4418873 Sebrina Thomas, 4695766 This ACQUISITION AGREEMENT (this “agreement”) is entered into this 14th day of November, 2019, to be effective as of November 14, 2019 (the “Effective Date”), by and among George Romano (hereinafter “Buyer”), Julius Child of JULIUS CAESAR’S PASTA AND PIZZA, and JULIUS CAESAR’S PASTA AND PIZZA (hereinafter “Seller”). Recitals: WHEREAS, Seller owns and operates, (1) restaurant under the trade name “Julius Caesar’s Pasta and Pizza” WHEREAS, Buyer desires to acquire from Seller, and Seller desires to sell to Buyer, the Operating Assets, as more particularly defined herein, located at, pertaining to, or used in connection with the ownership and operation of Julius Caesar’s pasta and Pizza, subject to the terms and conditions set forth herein; Whereas, Seller leases property of “Julius Caesar’s Pasta and Pizza” from Joint Holding Company and has one year remaining on the lease. Whereas, Buyer desires to purchase the property and the remainder of the lease, and to extend the lease to at least a 3 year term, in the name of buyer. Whereas, Buyer desires to acquire from Seller, and Seller desires to sell to Buyer, all of Buyer’s right, title and interest in and to the Agreements and the Operating Assets, if any, owned, leased or licensed by seller and located at, pertaining to, or used in connection with the ownership and operation of the Restaurants, subject to the terms and conditions set forth herein; Whereas, contemporaneously with and as a condition precedent to the consummation of the transaction contemplated by this Agreement, Seller and Buyer shall enter into the management agreement as more particularly defined herein, whereby seller shall provide management and operational services to Buyer and/or Buyer’s designated Affiliate(s), as defined herein, on the terms and conditions as set forth herein; and Whereas, the parties hereto desire to set forth certain representations, warranties and covenants made by each to the other as an inducement to the consummation of the transactions contemplated by this Agreement, all as more fully set forth below. Whereas, seller agrees to buyer’s terms of non-compete clause. NOW, THEREFORE, in consideration of the foregoing, the mutual covenants and agreements contained in this Agreement and other good and valuable consideration not recited in this
Image of page 1
Contract Assignment, #6-2 Alexis Summer Dobozy, 4278165 Grace Garcia Marrero 3726192 Victorianne Durandis 4418873 Sebrina Thomas, 4695766 Agreement, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows. 1. DEFINITIONS For purposes of this Agreement, the following terms have the meanings specified or referred to in this Section 1: "Affiliate " shall mean any person, estate or entity (including, without limitation, an individual, a corporation, a partnership, a trust, unincorporated association or limited liability company), which has a
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 7 pages?

  • Fall '07
  • Iforget

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors