Ƶ

Definitive Purchase Agreement for United Arab Emirates

Definitive Purchase Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formalizes the final terms and conditions of a purchase transaction between parties. This agreement details all aspects of the purchase including the asset or business description, purchase price, payment terms, conditions precedent, representations and warranties, and post-closing obligations. It incorporates UAE legal requirements and commercial practices, ensuring compliance with local regulations while providing a robust framework for complex commercial transactions. The agreement typically includes detailed schedules and appendices that provide specific information about the assets, warranties, and other transaction-specific details.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Definitive Purchase Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Definitive Purchase Agreement?

The Definitive Purchase Agreement is a crucial document used in the UAE for formalizing significant purchase transactions, whether for assets, businesses, or shares. It serves as the primary transaction document that captures all material terms and conditions negotiated between the parties, replacing any preliminary agreements such as letters of intent or memoranda of understanding. This agreement is particularly important in the UAE context as it must comply with local laws including the UAE Civil Code and Commercial Code, while often needing to accommodate international business practices given the UAE's position as a global business hub. The document typically follows extensive due diligence and negotiations, and includes detailed provisions on purchase price mechanisms, conditions precedent, warranties, and indemnities, along with specific requirements for execution and enforcement under UAE law.

What sections should be included in a Definitive Purchase Agreement?

1. Parties: Identification and details of the buyer and seller, including full legal names, registration numbers, and registered addresses

2. Background: Context of the transaction, relationship between parties, and purpose of the agreement

3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation

4. Sale and Purchase: Core transaction terms including description of assets/goods being purchased

5. Purchase Price: Price, currency, payment terms, and payment mechanics

6. Conditions Precedent: Conditions that must be satisfied before completion of the transaction

7. Completion: Timing, location, and mechanics of completion, including actions required at completion

8. Seller's Representations and Warranties: Statements of fact and assurances given by the seller regarding the sale items and their business

9. Buyer's Representations and Warranties: Statements of fact and assurances given by the buyer, including authority to enter into the transaction

10. Pre-Completion Obligations: Obligations of both parties between signing and completion

11. Post-Completion Obligations: Continuing obligations after completion

12. Indemnification: Protection and compensation mechanisms for breach of warranties or other obligations

13. Confidentiality: Obligations regarding confidential information and announcements

14. Force Majeure: Provisions dealing with unforeseen circumstances preventing performance

15. Termination: Circumstances under which the agreement can be terminated and consequences

16. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction for disputes

17. General Provisions: Standard boilerplate clauses including notices, amendments, assignment, and severability

What sections are optional to include in a Definitive Purchase Agreement?

1. Anti-corruption: Required when dealing with government entities or international transactions subject to FCPA or UK Bribery Act

2. Environmental Matters: Needed when the purchase involves real estate or businesses with environmental impacts

3. Employee Matters: Required when the purchase involves transfer of employees

4. Intellectual Property: Necessary when the purchase includes IP rights or licenses

5. Tax Matters: Detailed tax provisions required for complex transactions or cross-border deals

6. Competition/Antitrust: Required when the transaction might have competition law implications

7. Data Protection: Necessary when personal data is involved in the transaction

8. Islamic Finance Compliance: Required when the transaction needs to comply with Shariah principles

9. Transitional Services: Needed when seller will provide services to buyer post-completion

What schedules should be included in a Definitive Purchase Agreement?

1. Schedule 1 - Definitions: Detailed list of defined terms used in the agreement

2. Schedule 2 - Purchase Assets/Goods: Detailed description and specification of items being purchased

3. Schedule 3 - Purchase Price Calculation: Detailed methodology for calculating the purchase price, including adjustments

4. Schedule 4 - Completion Requirements: Detailed list of documents and actions required at completion

5. Schedule 5 - Warranties: Detailed warranties given by the seller

6. Schedule 6 - Disclosed Matters: List of disclosures against the warranties

7. Schedule 7 - Properties: Details of any real estate included in the purchase

8. Schedule 8 - Key Contracts: List and details of material contracts included in the purchase

9. Appendix A - Form of Transfer Instruments: Templates for any transfer documents required

10. Appendix B - Power of Attorney: Form of any required powers of attorney

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

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions



















































Clauses










































Relevant Industries

Real Estate

Manufacturing

Technology

Retail

Energy and Resources

Healthcare

Financial Services

Automotive

Consumer Goods

Industrial Products

Infrastructure

Telecommunications

Hospitality

Education

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Risk Management

Compliance

Operations

Strategy

Commercial

Business Development

Corporate Secretariat

Treasury

Tax

Internal Audit

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Legal Director

Commercial Director

Head of Mergers & Acquisitions

Corporate Development Manager

Business Development Director

Finance Manager

Risk Manager

Compliance Officer

Company Secretary

Transaction Manager

Investment Director

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

Find the exact document you need

Sale Deed Of Immovable Property

A UAE-compliant legal document that transfers ownership rights in real property from seller to purchaser, subject to local property laws and registration requirements.

find out more

Sale Deed And Conveyance Deed

A UAE-compliant legal document transferring property ownership rights from seller to purchaser, meeting federal and emirate-specific requirements.

find out more

Real Estate Listing Contract

UAE-governed agreement between property owner and real estate broker establishing terms for property listing, marketing, and sale/lease representation.

find out more

Real Estate Installment Contract

UAE-governed agreement for property purchase through scheduled installment payments, detailing payment terms and transfer conditions.

find out more

Purchase Price Agreement

A UAE-governed agreement detailing terms and conditions for sale and purchase of assets, shares, or business interests, including price, payment terms, and completion mechanics.

find out more

On Sale Agreement

A UAE law-governed agreement that establishes the terms and conditions for the sale of goods or assets between parties, ensuring compliance with UAE commercial regulations.

find out more

Flat Sale Deed Agreement

UAE-governed agreement for the sale and transfer of ownership of a residential flat/apartment, complying with local property laws and regulations.

find out more

Definitive Purchase Agreement

A UAE law-governed agreement that finalizes the terms and conditions of a purchase transaction, including all essential elements from asset description to post-closing obligations.

find out more

Deed Of Sale Of Motorcycle

A UAE-compliant legal document that transfers motorcycle ownership from seller to buyer, meeting all RTA and Federal Traffic Law requirements.

find out more

Cross Purchase Buy Sell Agreement

A UAE-governed agreement establishing the framework for business owners to purchase ownership interests from other owners upon specific trigger events, ensuring business continuity and compliant ownership transitions.

find out more

Contingency Sales Agreement

A UAE-governed agreement establishing terms for a conditional sale transaction, subject to specific contingencies being met before completion.

find out more

Co Sale Agreement

UAE-governed agreement establishing tag-along rights for shareholders, enabling minority shareholders to participate in share sales on equal terms with majority shareholders.

find out more

Absolute Agreement Of Sale

A UAE-law governed agreement documenting the unconditional sale and transfer of property or assets between parties, with immediate effect.

find out more

Sales Exclusivity Agreement

UAE-governed agreement establishing exclusive sales rights between a principal and distributor/agent, defining territorial exclusivity and commercial terms.

find out more

Purchase And Sale Agreement Contract

A UAE law-governed agreement that documents the terms and conditions for the sale and purchase of assets, goods, or property between parties.

find out more

Used Car Sale Contract

UAE-governed contract for used vehicle sales, ensuring compliant transfer of ownership and protecting both parties' interests under UAE law.

find out more

Vehicle Sale Contract

UAE-governed contract for vehicle sale and ownership transfer, ensuring compliance with local traffic laws and RTA requirements.

find out more

Real Estate Purchase Offer

A UAE-compliant document outlining terms and conditions for purchasing real estate property, including price, payment terms, and completion requirements.

find out more

Sellers Contract

A UAE law-governed agreement establishing terms and conditions for the sale of goods or services, ensuring compliance with UAE commercial regulations while protecting seller interests.

find out more

Sales Addendum

A UAE law-governed document that modifies or supplements an existing sales agreement, ensuring compliance with UAE legal requirements while formalizing changes to commercial terms.

find out more

Letter Of Intent To Sale Property

A preliminary document under UAE law expressing intent to purchase property, outlining key terms and conditions for the proposed transaction.

find out more

Deed Of Sale Of Shares Of Stock

A UAE-compliant legal instrument for transferring share ownership between parties, subject to UAE Commercial Companies Law.

find out more

Deed Of Sale And Deed Of Absolute Sale

A UAE-compliant legal document that transfers property ownership rights from seller to buyer, subject to federal and emirate-specific regulations.

find out more

Contract To Sell A House

A UAE-compliant legal agreement for the sale and transfer of residential property ownership, governed by UAE federal and emirate-specific real estate laws.

find out more

Aircraft Sale Agreement

UAE-governed agreement for aircraft sale and purchase, compliant with UAE aviation regulations and civil code requirements.

find out more

Agreement For Sale Of Flat

A UAE-governed agreement documenting the legal sale and purchase of a residential flat, including all essential terms and regulatory requirements.

find out more

Simple Business Sale Agreement

UAE-governed agreement for the sale and purchase of a business, outlining key terms, conditions, and transfer requirements under UAE commercial law.

find out more

Sales Commission Contract

UAE-governed agreement establishing commission-based sales arrangements, including payment terms, targets, and performance metrics.

find out more

Purchase Agreement For House For Sale By Owner

UAE-governed purchase agreement for direct property sale between private owner and buyer, compliant with UAE federal and emirate-specific property laws.

find out more

Private Sale Of House Contract

UAE-governed contract for private residential property sale, ensuring compliant transfer of ownership rights and adhering to local property laws.

find out more

Flat Buying Agreement

UAE-governed agreement for the purchase and sale of residential apartment units, complying with UAE federal and emirate-level property regulations.

find out more

Channel Partner Agreement For Software Sales

UAE-governed agreement establishing terms for software distribution partnership between a software company and channel partner, outlining distribution rights, obligations, and commercial terms.

find out more

Business Sale Purchase Agreement

UAE-governed agreement for the sale and purchase of a business, covering all essential terms and conditions under UAE law.

find out more

Basic Sales Agreement

UAE-compliant Basic Sales Agreement template for commercial transactions, incorporating local legal requirements and Sharia principles.

find out more

NDA For Selling A Business

UAE-compliant non-disclosure agreement for protecting confidential information during business sale transactions, suitable for both mainland and free zone operations.

find out more

Agreement Of Sale Without Possession

UAE-governed agreement for property sale with delayed possession transfer, compliant with UAE Civil Code and local property laws.

find out more

Sales Person Contract

UAE-governed employment agreement for sales professionals, defining sales responsibilities, territories, and commission structures in compliance with UAE Labor Law.

find out more

Plot Sale Agreement Form

A UAE-governed legal agreement for the sale and purchase of land plots, complying with federal and emirate-level real estate regulations.

find out more

Tripartite Agreement For Sale Of Property

A UAE-law governed agreement establishing a three-way relationship between parties in a property sale transaction, typically involving seller, buyer, and a third party.

find out more

Private Token Sale Agreement

UAE-governed agreement for private token sales, compliant with VARA regulations and federal laws, detailing token purchase terms and compliance requirements.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it