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Agreement To Purchase Business
I need an Agreement to Purchase Business for acquiring a Dubai-based technology company, including specific provisions for intellectual property transfer and employee retention, with completion planned for March 2025.
1. Parties: Identification of the seller(s) and buyer(s), including full legal names and registration details
2. Background: Context of the transaction, brief description of the business, and purpose of the agreement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including what is being sold and purchased
5. Purchase Price: Details of the consideration, payment terms, and any adjustments
6. Conditions Precedent: Conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Obligations of both parties between signing and completion
8. Completion: Mechanics of completion, including timing, location, and deliverables
9. Warranties: Seller's warranties regarding the business, assets, and liabilities
10. Limitations on Liability: Limitations on warranty claims and general liability caps
11. Indemnities: Specific indemnities provided by either party
12. Confidentiality: Obligations regarding confidential information
13. Non-Competition: Restrictions on seller's future competitive activities
14. Employees: Treatment of employees and related liabilities
15. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
2. Property Matters: Required when the business owns or leases real estate
3. Intellectual Property Assignment: Needed when significant IP assets are involved
4. Environmental Matters: Required for businesses with environmental risks or compliance obligations
5. Tax Covenant: Detailed tax provisions when tax risks are significant
6. Bank Guarantees: When payment security is required
7. Transitional Services: When seller will provide services post-completion
8. Share Transfer Mechanics: Required when purchase is structured as a share sale
1. Business Assets Schedule: Detailed list of all assets included in the sale
2. Excluded Assets Schedule: List of assets explicitly excluded from the sale
3. Property Schedule: Details of owned and leased properties
4. Employee Schedule: List of employees and their key employment terms
5. Intellectual Property Schedule: Details of all IP rights owned and used by the business
6. Material Contracts Schedule: List and details of key business contracts
7. Completion Deliverables: List of documents and items to be delivered at completion
8. Warranties Schedule: Detailed warranties about the business
9. Disclosed Matters: Disclosure against warranties
10. Purchase Price Adjustment Mechanism: Detailed calculation methodology for price adjustments
Authors
Retail
Manufacturing
Technology
Professional Services
Healthcare
Real Estate
Construction
Hospitality
Financial Services
Education
Transportation
Energy
Media and Entertainment
Food and Beverage
Telecommunications
Legal
Finance
Mergers & Acquisitions
Corporate Development
Risk Management
Compliance
Human Resources
Tax
Operations
Strategy
Chief Executive Officer
Chief Financial Officer
Managing Director
Legal Director
Corporate Development Director
Head of Mergers & Acquisitions
Business Development Manager
General Counsel
Finance Director
Commercial Director
Risk Manager
Company Secretary
Integration Manager
Due Diligence Manager
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