Sale Of Business Contract for United Arab Emirates

Sale Of Business Contract Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that documents the terms and conditions for the sale and purchase of a business enterprise. This document outlines all aspects of the transaction including the purchase price, assets being transferred, warranties and representations, employee matters, and post-completion obligations. It ensures compliance with UAE Federal Laws including the Commercial Companies Law, Commercial Transactions Law, and other relevant regulations, while incorporating specific provisions required under UAE jurisdiction such as authentication requirements and language considerations.

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
Sale Of Business Contract

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

What is a Sale Of Business Contract?

The Sale Of Business Contract is a crucial document used in mergers and acquisitions transactions within the United Arab Emirates. It is essential when transferring ownership of a business entity, whether as a share sale or asset sale, and must comply with UAE Federal Law No. 8 of 2004 (Commercial Companies Law) and related regulations. This document is typically required when a business owner wishes to sell their enterprise to another party, documenting all aspects of the transaction including purchase price, payment terms, assets and liabilities being transferred, warranties, and post-completion obligations. The agreement must consider UAE-specific requirements such as commercial agency laws, foreign ownership restrictions, and free zone regulations where applicable. It often requires additional documentation for governmental authorities and may need to be executed in both Arabic and English to be enforceable in UAE courts.

What sections should be included in a Sale Of Business Contract?

1. Parties: Identification of the Seller and Buyer with full legal names and addresses

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

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

4. Sale and Purchase: Core transaction terms including what is being sold and confirmation of transfer

5. Purchase Price: Details of the consideration, payment terms, and any adjustments

6. Completion: Timing and mechanics of completion, including conditions precedent and completion obligations

7. Seller's Warranties: Comprehensive warranties about the business, assets, liabilities, and operations

8. Buyer's Warranties: Basic warranties from the buyer, including capacity to enter into the agreement

9. Limitations on Liability: Caps, time limits, and other limitations on the parties' liability

10. Employee Matters: Treatment of employees, transfer provisions, and related obligations

11. Confidentiality: Obligations regarding confidential information and announcements

12. Non-Competition: Restrictions on the seller's future business activities

13. Further Assurance: Obligations to take additional steps to give effect to the agreement

14. Notices: Process for giving formal notices under the agreement

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

What sections are optional to include in a Sale Of Business Contract?

1. Intellectual Property Assignment: Detailed provisions for IP transfer, used when the business has significant IP assets

2. Property Lease Assignment: Required when business premises are leased and need to be transferred

3. Earn-out Provisions: Used when part of the purchase price is contingent on future performance

4. Tax Covenant: Detailed tax provisions, important for larger transactions or where specific tax risks exist

5. Environmental Matters: Required for businesses with environmental risks or compliance obligations

6. Data Protection: Required when the business handles significant personal data

7. Government Approvals: Required when the transaction needs specific regulatory approvals

8. Transitional Services: Used when the seller will provide services post-completion

9. Islamic Finance Compliance: Required when the transaction needs to comply with Sharia principles

What schedules should be included in a Sale Of Business Contract?

1. Business Assets: Detailed list of all assets included in the sale

2. Excluded Assets: List of assets specifically excluded from the sale

3. Properties: Details of all real estate owned or leased by the business

4. Intellectual Property: List of all IP rights owned or used by the business

5. Employee Information: Details of all employees, their terms and benefits

6. Material Contracts: List and copies of key business contracts

7. Completion Obligations: Detailed list of documents to be delivered at completion

8. Warranties: Detailed warranties given by the seller

9. Company Information: Corporate information, licenses, and permits

10. Financial Statements: Recent financial statements and management accounts

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

Publisher

Genie AI

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Retail

Manufacturing

Technology

Professional Services

Healthcare

Hospitality

Real Estate

Construction

Financial Services

Transportation & Logistics

Education

Media & Entertainment

Energy

Telecommunications

Trading & Distribution

Relevant Teams

Legal

Finance

Mergers & Acquisitions

Corporate Development

Executive Leadership

Operations

Compliance

Risk Management

Business Development

Strategy

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Business Owner

Corporate Lawyer

Legal Counsel

Commercial Director

Head of Mergers & Acquisitions

Investment Manager

Business Development Director

Company Secretary

Finance Director

Operations Director

Risk Manager

Compliance Officer

Industries
UAE Federal Law No. 8 of 2004 (UAE Commercial Companies Law): Primary legislation governing company formations, transfers, and business operations in the UAE. Essential for structuring the sale transaction and ensuring compliance with corporate requirements.
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Regulates commercial transactions and business dealings in the UAE. Relevant for terms of sale, payment provisions, and commercial obligations.
UAE Federal Law No. 5 of 1985 (Civil Transactions Law): Contains general principles of contract law, including formation, validity, and enforcement of contracts. Essential for ensuring the agreement's enforceability.
UAE Federal Decree-Law No. 33 of 2021 (Labor Law): Governs employment relationships. Crucial for addressing employee transfer provisions and protecting employee rights during business transfer.
Federal Decree-Law No. 8 of 2017 on Value Added Tax: Regulates VAT obligations. Important for determining tax implications of the business sale and ensuring proper tax compliance.
UAE Federal Law No. 4 of 2012 (Competition Law): Regulates competition and prevents monopolistic practices. Relevant for assessing any competition law implications of the sale.
UAE Federal Law No. 4 of 2000 (Securities and Commodities Authority Law): May be relevant if the business involves regulated securities or if shares are being transferred as part of the sale.
Relevant Free Zone Regulations: If the business is located in a free zone, specific free zone regulations regarding business transfers must be considered.
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

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

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

2 Docs LeftAccess Now