House v. Cotton
52 So. 2d 340 (Fla. 1951)The Court held that a lease covenant requiring reassignment of a liquor license could be enforced. It explained that, although a liquor license may be a privilege in the regulatory relationship with government, Florida's quota limits and transferability give it the quality of property and substantial pecuniary value.
The decision remains a foundational Florida authority when contracts separately address the economic value of a license and the regulatory approval required for its transfer.