A Letter of Intent to Buy is commonly used in the United Arab Emirates as a preliminary step in significant purchase transactions, whether for real estate, businesses, or substantial assets. This document type is particularly important in the UAE business environment, where it serves to formalize initial agreements while maintaining flexibility for further negotiations. The Letter of Intent to Buy typically includes essential elements such as party identification, transaction overview, proposed purchase price, due diligence requirements, and timeline, while clearly distinguishing between binding and non-binding provisions. It operates within the framework of UAE Federal Laws, including the Civil Code (Federal Law No. 5 of 1985) and Commercial Code (Federal Law No. 18 of 1993), and may need to address specific emirate-level regulations depending on the transaction location and nature.
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1. Opening and Date: Formal letter opening with date and addressee details
2. Subject Line: Clear identification of the letter's purpose as an LOI to purchase specific asset/business
3. Introduction: Brief introduction identifying the parties and their roles (buyer/seller)
4. Transaction Overview: High-level description of the proposed transaction and assets/business to be purchased
5. Purchase Price: Proposed purchase price or price range and payment terms
6. Key Terms: Essential terms and conditions of the proposed transaction
7. Due Diligence: Overview of the due diligence process and requirements
8. Timeline: Proposed timeline for completing the transaction
9. Non-Binding Nature: Clear statement about which provisions are non-binding vs. binding
10. Closing: Formal letter closing with signature blocks
1. Exclusivity: Include when parties want to ensure exclusive negotiations for a specific period
2. Confidentiality: Include if a separate NDA is not already in place
3. Governing Law: Include if transaction involves international parties or specific emirate jurisdiction needs to be specified
4. Break Fee: Include if there's agreement on compensation if either party withdraws under specific circumstances
5. Financing Contingency: Include if the purchase is subject to securing specific financing
6. Regulatory Approvals: Include if the transaction requires specific regulatory or government approvals
1. Asset Schedule: Detailed list of assets or business components to be purchased
2. Price Calculation: Detailed breakdown of purchase price components and calculations if complex
3. Due Diligence Checklist: List of required documents and information for due diligence
4. Timeline Schedule: Detailed timeline with specific milestones and deadlines
5. Key Personnel: List of key personnel involved in the transaction from both parties
Relevant legal definitions
Assets
Business Day
Binding Provisions
Break Fee
Closing
Closing Date
Confidential Information
Due Diligence Period
Effective Date
Exclusivity Period
Governmental Authority
Long-Stop Date
Material Adverse Change
Non-Binding Provisions
Parties
Preliminary Purchase Price
Property
Proposed Transaction
Purchase Price
Regulatory Approvals
Representatives
Seller's Warranties
Subject Matter
Target Business
Target Company
Transaction Documents
UAE
Valuation Date
Business Day
Binding Provisions
Break Fee
Closing
Closing Date
Confidential Information
Due Diligence Period
Effective Date
Exclusivity Period
Governmental Authority
Long-Stop Date
Material Adverse Change
Non-Binding Provisions
Parties
Preliminary Purchase Price
Property
Proposed Transaction
Purchase Price
Regulatory Approvals
Representatives
Seller's Warranties
Subject Matter
Target Business
Target Company
Transaction Documents
UAE
Valuation Date
Clauses
Non-Binding Nature
Confidentiality
Exclusivity
Purchase Price
Payment Terms
Due Diligence
Access to Information
Timeline
Governing Law
Binding Provisions
Break Fee
Good Faith Negotiations
Transaction Structure
Conditions Precedent
Regulatory Compliance
Dispute Resolution
Notices
Costs and Expenses
No Assignment
Termination Rights
Force Majeure
Language
Electronic Execution
Third Party Rights
Confidentiality
Exclusivity
Purchase Price
Payment Terms
Due Diligence
Access to Information
Timeline
Governing Law
Binding Provisions
Break Fee
Good Faith Negotiations
Transaction Structure
Conditions Precedent
Regulatory Compliance
Dispute Resolution
Notices
Costs and Expenses
No Assignment
Termination Rights
Force Majeure
Language
Electronic Execution
Third Party Rights
Relevant Industries
Real Estate
Manufacturing
Technology
Retail
Healthcare
Hospitality
Financial Services
Energy
Construction
Professional Services
Trading
E-commerce
Industrial
Transportation
Media and Entertainment
Relevant Teams
Legal
Finance
Corporate Development
Mergers & Acquisitions
Real Estate
Commercial
Risk & Compliance
Strategy
Operations
Business Development
Investment
Due Diligence
Relevant Roles
Chief Executive Officer
Managing Director
Chief Financial Officer
General Counsel
Legal Director
Corporate Lawyer
Business Development Manager
Investment Manager
Mergers & Acquisitions Director
Commercial Director
Property Manager
Real Estate Director
Finance Manager
Operations Director
Company Secretary
Risk Manager
Compliance Officer
Strategy Director
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