All Countries
Asset Sale And Purchase Agreement

Asset Sale And Purchase Agreement Template for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Asset Sale And Purchase Agreement

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

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Asset Sale And Purchase Agreement Template

I need an Asset Sale and Purchase Agreement Template for the sale of manufacturing equipment worth AED 5 million, including warranties for equipment condition and a 3-month transition period for technical support, with completion planned for March 2025.

Celebrated by
Collaborations with
Investors
Document background
The Asset Sale and Purchase Agreement Template is essential for businesses operating in the UAE looking to transfer ownership of various types of assets. This template is specifically designed to comply with UAE federal laws, including the UAE Civil Code and Commercial Transactions Law, while maintaining international best practices. It should be used when parties wish to document the sale and purchase of tangible or intangible assets, whether as standalone items or as part of a larger business transaction. The document covers crucial aspects such as asset identification, price determination, warranties, and transfer mechanics, while addressing UAE-specific requirements like local registration and VAT considerations. This template is particularly valuable in the UAE market where clear documentation of asset ownership and transfer is crucial for regulatory compliance and business certainty.
Suggested Sections

1. Parties: Identification of seller and purchaser with full legal names and addresses

2. Background: Context of the transaction, including brief description of the assets and purpose of the agreement

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Sale and Purchase: Core transaction terms including description of assets being sold and purchase price

5. Purchase Price and Payment: Detailed payment terms, method of payment, and any adjustments

6. Conditions Precedent: Any conditions that must be satisfied before completion

7. Completion: Timeline, location, and requirements for completion of the transaction

8. Seller's Warranties: Standard warranties regarding ownership, condition, and authority to sell

9. Purchaser's Warranties: Basic warranties regarding authority and capacity to purchase

10. Title and Risk: Transfer of title and risk in the assets

11. Confidentiality: Obligations regarding confidential information

12. Notices: Process for formal communications between parties

13. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions

14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, etc.

Optional Sections

1. Tax Provisions: Detailed VAT and tax provisions when the transaction has significant tax implications

2. Intellectual Property Rights: Required when the assets include IP rights

3. Employee Matters: Necessary when the assets are connected to employee transfers

4. Environmental Matters: Required for assets with environmental implications or risks

5. Post-Completion Obligations: Used when parties have ongoing obligations after completion

6. Non-Competition: Required when seller needs to be restricted from competing

7. Transitional Services: Needed when seller will provide services post-completion

8. Anti-Money Laundering: Required for high-value transactions or regulated sectors

Suggested Schedules

1. Schedule 1 - Asset Description: Detailed description and inventory of assets being sold

2. Schedule 2 - Purchase Price Calculation: Detailed breakdown of purchase price and any adjustments

3. Schedule 3 - Seller's Warranties: Comprehensive warranties regarding the assets

4. Schedule 4 - Completion Requirements: Detailed list of completion deliverables and requirements

5. Schedule 5 - Excluded Assets: List of assets explicitly excluded from the sale

6. Schedule 6 - Encumbrances: List of any existing encumbrances on the assets

7. Schedule 7 - Required Consents: List of third-party consents required for the transfer

8. Appendix A - Form of Transfer Documents: Template transfer documents required under UAE law

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Manufacturing

Real Estate

Retail

Technology

Healthcare

Hospitality

Construction

Energy

Transportation

Professional Services

Industrial

Agriculture

Automotive

Aviation

Relevant Teams

Legal

Finance

Operations

Commercial

Procurement

Compliance

Risk Management

Business Development

Asset Management

Corporate Affairs

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Commercial Director

Legal Counsel

Corporate Lawyer

Business Development Manager

Asset Manager

Operations Director

Procurement Manager

Finance Manager

Compliance Officer

Risk Manager

Property Manager

Contract Manager

Investment Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Governs general contractual principles, obligations, and property rights in the UAE. It provides the fundamental framework for sale contracts and transfer of ownership.
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Regulates commercial transactions and business dealings, including the sale of commercial assets and transfer of commercial properties.
Federal Law No. 8 of 2017 on Value Added Tax: Determines VAT obligations on asset sales, including registration requirements and tax implications for different types of assets.
UAE Companies Law (Federal Law No. 2 of 2015): Relevant when the assets being sold are part of a company or business entity, governing corporate aspects of the transaction.
Competition Law (Federal Law No. 4 of 2012): May be relevant if the asset sale could affect market competition or requires regulatory approval.
Federal Law No. 20 of 2016 on Mortgages of Movable Property: Important when dealing with movable assets that may be subject to security interests or liens.
Real Estate Laws (Various Emirates): Local emirate-specific laws governing real estate transactions if the assets include real property.
UAE Consumer Protection Law (Federal Law No. 24 of 2006): Applicable if the asset sale involves consumer goods or if the buyer is considered a consumer under UAE law.
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

Company Sale Contract

UAE-governed agreement for the sale and purchase of a company, compliant with UAE Companies Law and related regulations.

find out more

Asset Sale And Purchase Agreement

UAE-compliant template for asset sale and purchase transactions, incorporating local legal requirements and commercial practices.

find out more

Car Sale Agreement With Payments

UAE-compliant vehicle sale agreement template with installment payment provisions, suitable for both private and commercial transactions.

find out more

Vehicle Sell Agreement

UAE-compliant agreement for the sale and transfer of vehicle ownership, meeting all local regulatory requirements including RTA regulations.

find out more

Sales Target Agreement

UAE-compliant agreement template for establishing sales targets and performance metrics between a company and its sales representatives.

find out more

Sales Mandate Agreement

A UAE-governed agreement establishing and regulating the relationship between a principal company and its sales agent, defining authority scope and commercial terms.

find out more

Sale Of Equity Agreement

UAE-governed agreement for the sale and purchase of company shares, outlining transaction terms and regulatory compliance requirements.

find out more

Retail Sales Contract

find out more

Property Buyer Seller Agreement

UAE-governed agreement for property sale and purchase, detailing transfer terms and conditions in compliance with UAE property laws.

find out more

Online Sales Contract

UAE-governed contract establishing terms and conditions for online sales transactions, ensuring compliance with local e-commerce and consumer protection laws.

find out more

Lease To Sell Agreement

A UAE-governed agreement combining property lease and purchase terms, enabling immediate occupancy while facilitating eventual ownership transfer.

find out more

Deed Of Sale Of House And Lot

A UAE-compliant legal document facilitating the transfer of house and lot ownership between parties, subject to UAE federal and emirate-specific property laws.

find out more

Deed Of Absolute Sale For Land

A UAE-compliant legal document that transfers complete ownership of land property from seller to buyer, requiring registration with the Land Department.

find out more

Company Sale And Purchase Agreement

UAE-law governed agreement template for company acquisitions, incorporating local regulatory requirements and standard M&A provisions.

find out more

Commercial Sales Agreement

find out more

Agreement For Sale Of Shop

UAE-governed agreement for transferring ownership of a commercial shop, including premises, assets, and business rights from seller to buyer.

find out more

Agreement For Sale Of Immovable Property

UAE-governed agreement for the sale and transfer of immovable property, compliant with UAE Civil Code and local property laws.

find out more

Agreement And Bill Of Sale

UAE-governed document combining sale agreement and ownership transfer terms, compliant with UAE Civil Code and Commercial Transactions Law.

find out more

Agency Agreement For Sale Of Products

UAE-governed agreement appointing a commercial agent to sell and distribute products in the UAE market, compliant with local agency laws.

find out more

Contract Deed Of Sale

A formal legal document under UAE law evidencing property or asset transfer from seller to buyer, requiring notarization and compliance with UAE Civil Code requirements.

find out more

Home Sale Contract

find out more

Simple Deed Of Sale Of Motor Vehicle

A UAE-governed legal document that facilitates and records the transfer of ownership of a motor vehicle between seller and buyer, ensuring compliance with local regulations.

find out more

Apartment Sale Contract

UAE-governed contract for apartment sale and purchase, outlining terms, conditions, and regulatory requirements for property transfer.

find out more

Personal Property Sale Agreement

UAE-governed agreement for the sale and purchase of personal property, detailing terms, conditions, and ownership transfer requirements.

find out more

Lot Sale Contract

UAE-governed agreement for the sale and purchase of land or lots, detailing transfer terms and compliance with local property laws.

find out more

House Sales Contract On For Sale By Owner

UAE-governed legal agreement for direct property sales between private sellers and buyers, ensuring compliant transfer of residential property ownership.

find out more

Exclusive Sale And Listing Agreement

UAE-compliant exclusive agreement between property owner and real estate broker for property sale rights and marketing.

find out more

Promissory Note Sale Agreement

A UAE-governed agreement for the sale and transfer of promissory notes between parties, compliant with UAE Commercial Transactions Law and banking regulations.

find out more

Deed Of Sale Of Land Rights

A UAE-law governed deed that documents and executes the legal transfer of land rights between parties, complying with UAE Federal and Emirate-specific property laws.

find out more

Boat Sale Deposit Agreement

A UAE law-governed agreement establishing terms and conditions for a boat sale deposit, including payment details and completion requirements.

find out more

Second Hand Car Sale Agreement

UAE-governed agreement for the sale and purchase of used vehicles, ensuring legal compliance with local regulations and protecting both parties' interests.

find out more

Sales Contract For Car

UAE-governed contract for the sale and purchase of vehicles, ensuring legal compliance and protecting both parties' interests.

find out more

Offer To Purchase And Sale Agreement

A UAE law-governed agreement setting out terms and conditions for the purchase and sale of property, ensuring compliance with local property regulations and protecting parties' interests.

find out more

Standard Agreement Of Sale

UAE-governed sales agreement outlining terms and conditions for transfer of goods or assets between parties, compliant with UAE Civil and Commercial laws.

find out more

Simple Consignment Agreement

A UAE law-governed agreement establishing terms for consignment sales arrangements, defining rights and obligations of consignor and consignee.

find out more

Mobile Home Sale Contract

UAE-governed contract for the sale and purchase of mobile homes, including key terms and compliance requirements.

find out more

Direct Sales Agreement

UAE-governed agreement establishing terms for direct sales arrangements between suppliers and distribution partners, compliant with UAE commercial law.

find out more

Contract And Bill Of Sale For Automobile

UAE-compliant vehicle sale agreement documenting automobile transfer of ownership, including all necessary legal and regulatory requirements under Emirates law.

find out more

Agreement To Sell Land

A UAE-law governed agreement documenting the legal transfer of land ownership between seller and buyer, ensuring compliance with UAE property regulations and registration requirements.

find out more

Sales Service Agreement

UAE-governed agreement establishing terms for combined service and sales delivery, aligned with UAE commercial law requirements.

find out more

Commercial Sales Agreement

UAE-compliant commercial sales agreement template for structuring business-to-business sales transactions under UAE Federal Laws.

find out more

Agreement Of Purchase And Sale Of Business Assets

UAE-governed agreement for the purchase and sale of business assets, outlining terms, conditions, and regulatory compliance requirements for asset transfer.

find out more

Pre Sale Agreement Property

UAE-governed agreement for off-plan property sales, detailing terms between developer and purchaser, including payment, construction, and handover requirements.

find out more

Retail Sales Contract

UAE-compliant retail sales contract template covering essential terms and conditions for retail transactions in accordance with UAE Federal Laws.

find out more

Car Sale Contract With Payments

UAE-compliant vehicle sale agreement template with structured payment terms and ownership transfer provisions.

find out more

Bill Of Sale Contract

A UAE-compliant legal document evidencing the transfer of property ownership from seller to buyer, subject to UAE Federal and Emirates laws.

find out more

Sale Of Equipment Contract

UAE-governed agreement for equipment sale and purchase, detailing specifications, price, delivery terms, and parties' obligations under UAE law.

find out more

Car Sale Contract

A UAE-compliant contract template for the sale and transfer of ownership of motor vehicles, meeting RTA requirements and local regulations.

find out more

Deed Of Sale For Car

A UAE-compliant legal document that formalizes the transfer of vehicle ownership between parties, meeting RTA requirements and local regulations.

find out more

Exclusive Sales Agreement

UAE-governed agreement establishing exclusive sales rights between a principal and agent, with specific territorial rights and compliance with UAE Commercial Agency Law.

find out more

Sales Agreement Contract

UAE-compliant sales agreement template for commercial transactions, incorporating local legal requirements and business practices.

find out more

Real Estate Sales Agreement

UAE-governed agreement for real estate property transfer, detailing sale terms and conditions in compliance with local property laws.

find out more

Real Estate Purchase And Sale Agreement

UAE-compliant agreement template for real estate property transfer between seller and purchaser, incorporating federal and emirate-specific legal requirements.

find out more

Land Sale Agreement

UAE-compliant land sale agreement template for documenting and executing property transactions in accordance with UAE federal and emirate-specific real estate laws.

find out more

Home Sale Contract

UAE-compliant residential property sale agreement template incorporating federal and emirate-specific property transfer requirements.

find out more

Asset Sale Contract

UAE-governed contract for the sale and transfer of assets between parties, outlining terms, conditions, and compliance with local laws.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’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; Genie’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

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

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.