How to protect the sale of your business

If you decide to sell your hospitality business, you’re going to have to assign your commercial lease to the new owners. To embark on this process without a glitch, it’s vitally important to understand the assignment provision of your lease agreement.

In this lesson, finance expert Lewis Gelmon sheds light on the complications that can arise due to the assignment provision, and what you need to be aware of in order to protect the sale of your business.

Learn hospitality skills for today’s world, including:

• Understanding the assignment clause in a contract
• How the assignment clause can impact the sale of your business

Hospitality venue owners, sharpen up your business and finance skills with help from the pros!