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Sale Purchase Form
"I need a UAE Sale Purchase Form for acquiring a retail business in Dubai, including inventory and equipment valued at AED 5 million, with completion scheduled for March 2025 and payment to be made in three installments."
1. Parties: Identification of the seller and purchaser with full legal names and details as required under UAE law
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including description of items/property being sold and purchase price
5. Payment Terms: Payment schedule, method of payment, and currency specifications
6. Completion: Details of when and how the sale will be completed, including transfer of ownership
7. Seller's Warranties: Warranties regarding ownership, condition, and quality of the sale item
8. Purchaser's Warranties: Warranties regarding capacity to purchase and fund the transaction
9. Title and Risk: When and how title and risk pass from seller to purchaser
10. Taxes and Costs: Responsibility for VAT, registration fees, and other transaction costs
11. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction
12. Notices: How formal communications between parties should be made
13. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Conditions Precedent: Used when completion is subject to certain conditions being met first
2. Due Diligence: Include when purchaser requires a due diligence period before completion
3. Installment Payments: Required when payment is to be made in multiple installments
4. Property Registration: Necessary for real estate transactions requiring registration with relevant authorities
5. Intellectual Property: Include when the sale involves transfer of IP rights
6. Employees and Personnel: Required for business sales involving transfer of employees
7. Post-Completion Obligations: Include when parties have continuing obligations after completion
8. Non-Compete Provisions: Used in business sales to restrict seller's future activities
9. Force Majeure: Optional protection against unforeseen events preventing completion
1. Schedule 1 - Asset Description: Detailed description of items/property being sold
2. Schedule 2 - Purchase Price Breakdown: Itemized breakdown of the purchase price
3. Schedule 3 - Payment Schedule: Detailed payment terms and installment dates if applicable
4. Schedule 4 - Completion Requirements: Checklist of documents and actions required for completion
5. Schedule 5 - Warranties: Detailed warranties given by the seller
6. Schedule 6 - Encumbrances: List of any existing encumbrances on the sale items
7. Appendix A - Required Forms: Standard UAE government forms required for the transaction
8. Appendix B - Property Documents: Copies of relevant property documentation and certificates
Authors
Real Estate
Retail
Manufacturing
Technology
Automotive
Construction
Professional Services
Consumer Goods
Industrial Equipment
Healthcare
Hospitality
Trading & Distribution
Legal
Commercial
Procurement
Sales
Business Development
Contract Administration
Finance
Operations
Compliance
Risk Management
Property Management
Asset Management
Legal Counsel
Commercial Director
Procurement Manager
Sales Manager
Business Development Manager
Contract Administrator
Property Manager
Asset Manager
Chief Financial Officer
Operations Director
Real Estate Manager
Compliance Officer
Risk Manager
General Manager
Company Secretary
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