Ian Bacheikov, chair of Akerman's Alcohol Beverage Sector Team, will speak on a Strafford webinar panel titled "Structuring Liquor License and Other Permit Clauses in Hotel Purchase and Sale Agreements." The webinar will cover the negotiation and structure of permit and license clauses in hotel purchase sale agreements, with an emphasis on liquor licenses. It will also discuss pitfalls in drafting and high priority considerations for practitioners addressing the transfer of liquor licenses and permits as part of a hotel's change in ownership.

The outline of the presentation will be the following:

• Overview of hotel PSAs
• Permit and license clauses
  • Crucial terms
  • Interplay with other contract provisions
  • Timing issues
  • Regulatory considerations
  • Jurisdictional considerations

The panel will review these and other high priority issues, including:

• How can counsel use permit and license clauses to avoid potentially deal-killing errors and delays?
• What impact does the hotel management agreement have on the terms of permit and license clauses?
• What are the red flags for counsel in discussions with clients regarding licenses and permits? What steps can counsel take to resolve those issues efficiently?