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Asset Purchase Term Sheet for United Arab Emirates

Asset Purchase Term Sheet Template for United Arab Emirates

A preliminary agreement document governed by UAE law that outlines the key terms and conditions for a proposed asset purchase transaction. This document serves as a framework for negotiations and subsequent definitive agreements, incorporating UAE-specific legal requirements and commercial practices. It typically includes essential terms such as purchase price, asset description, conditions precedent, and timeline, while considering UAE regulatory requirements, ownership restrictions, and commercial regulations. The term sheet can be structured to have both binding and non-binding provisions, making it a flexible instrument for complex asset transactions in the UAE market.

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What is a Asset Purchase Term Sheet?

An Asset Purchase Term Sheet is a crucial preliminary document used in the UAE business environment when parties are negotiating the purchase and sale of assets. It serves as a roadmap for the transaction, outlining the fundamental commercial and legal terms that will form the basis of the final asset purchase agreement. This document is particularly important in the UAE context, where different emirates may have varying requirements and regulations regarding asset transfers, foreign ownership, and sector-specific restrictions. The term sheet typically precedes detailed due diligence and helps parties align their expectations while considering UAE regulatory compliance, including federal and emirate-level laws. It's commonly used when parties have reached preliminary agreement on key terms but need a structured framework for further negotiation and documentation.

What sections should be included in a Asset Purchase Term Sheet?

1. Parties: Identification of buyer, seller and any guarantors

2. Background: Context of the proposed transaction and relationship between parties

3. Definitions: Key terms used throughout the term sheet

4. Transaction Overview: High-level description of the proposed asset purchase

5. Purchase Price: Proposed consideration and payment structure

6. Assets Description: Overview of assets to be purchased

7. Key Terms: Principal commercial terms including timing, conditions, and structure

8. Due Diligence: Scope and process for buyer's investigation

9. Conditions Precedent: Key conditions that must be satisfied before closing

10. Timing: Proposed timeline for execution and closing

11. Exclusivity: Terms of exclusive negotiation period

12. Confidentiality: Obligations regarding transaction information

13. Costs: Allocation of transaction expenses

14. Governing Law: UAE law provisions and jurisdiction

15. Binding Effect: Specification of which provisions are binding/non-binding

What sections are optional to include in a Asset Purchase Term Sheet?

1. Regulatory Approvals: Required when transaction needs specific UAE regulatory clearances

2. Employee Matters: Required when assets include transfer of employees

3. Intellectual Property: Required when assets include IP rights

4. Real Estate: Required when assets include property

5. Environmental Matters: Required for industrial assets or properties

6. Financing: Required when purchase involves external financing

7. Tax Structure: Required for complex transactions with significant tax implications

8. Transition Services: Required when post-closing operational support is needed

9. Break Fee: Optional provision for deal termination compensation

What schedules should be included in a Asset Purchase Term Sheet?

1. Asset Schedule: Detailed listing and description of assets to be purchased

2. Price Calculation: Detailed methodology for purchase price calculation

3. Due Diligence Checklist: List of required documents and information

4. Timeline: Detailed transaction timeline with key milestones

5. Required Consents: List of third-party and regulatory approvals needed

6. Excluded Assets: List of specific assets excluded from the transaction

7. Assumed Liabilities: Schedule of liabilities to be assumed by buyer, if any

8. Key Contracts: List of material contracts included in the transaction

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Ƶ

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions














































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Relevant Industries

Manufacturing

Real Estate

Technology

Retail

Healthcare

Energy

Financial Services

Transportation

Hospitality

Construction

Agriculture

Mining

Education

Media & Entertainment

Telecommunications

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Business Development

Risk Management

Compliance

Operations

Strategy

Treasury

Tax

Due Diligence

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Corporate Development Director

Investment Manager

Business Development Manager

Finance Director

Legal Counsel

Mergers & Acquisitions Director

Asset Manager

Transaction Manager

Due Diligence Manager

Risk Manager

Company Secretary

Operations Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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