Summary Of Purchase Agreement {DLC 4243}

DLC 4243 - SUMMARY OF PURCHASE AGREEMENT FORM. Per Ohio law, when the ownership of a liquor permit is going from one entity/person to another it must be done, minus limited exceptions, by way of a bona-fide sale of the business from A to B. This means that A must sell something (not the permit) to B. This is often documented through a contractual document (think of selling a car or a house). Instead, of submitting the actual contract, you can use this form. In order for this form to be deemed completed, it must:be signed by both the buyer and seller, list a bona-fide purchase price (i.e., a dollar will not work), list what was sold as part of the purchase (i.e., cannot sell a permit), and identify who sold to whom...so seller should be current permit holder and buyer should be current transfer applicant. www.FormsWorkflow.com