Liquor License Contingency Clause
(Restaurant Lease)

Summary

This template for a liquor license contingency clause may be included in a lease for restaurant space to allow either party to terminate the lease without liability if the tenant is unable to obtain a liquor license within a specified number of days. This template contains practical guidance and drafting notes. For a full listing of key content covering retail leasing, see Retail Leasing Resource Kit. The capitalized terms used in this clause should be conformed to the defined terms in the relevant restaurant lease. For more on restaurant leases, see Restaurant Leasing Resource Kit and Restaurant Lease Agreements. For a template restaurant lease agreement, see Restaurant Lease (Short Form) (Shopping Center).