RESTAURANT PURCHASE Clause Samples

RESTAURANT PURCHASE. The Buyer and Seller hereby agree that this Purchase and Sales Agreement is specifically conditioned on the Buyer entering into a binding Purchase and Sales Agreement by and between Big Three Restaurants, Inc. and the ownership on Mango’s restaurant. If no such agreement is reached by and between Big Three Restaurants, Inc. and Mango’s during the due diligence period, then the Buyer may elect to terminate this agreement, receive a full refund of any deposit tendered, and neither party shall have any further obligation hereunder.