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Asset Purchase Agreement Form Template for United Arab Emirates

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Key Requirements PROMPT example:

Asset Purchase Agreement Form

"I need an Asset Purchase Agreement Form under UAE law for purchasing manufacturing equipment valued at AED 5 million from a Dubai-based seller, with completion scheduled for March 2025, including provisions for employee training and maintenance services."

Document background
The Asset Purchase Agreement Form is a critical legal instrument used in the United Arab Emirates for transactions involving the transfer of specific assets from one party to another. This document is essential when businesses or individuals wish to purchase specific assets rather than entire business entities, providing a structured framework for asset acquisition while ensuring compliance with UAE federal laws and emirate-specific regulations. The agreement covers crucial elements such as asset identification, valuation, transfer mechanisms, warranties, and regulatory compliance requirements. It's particularly important in the UAE context where certain assets may be subject to specific ownership restrictions, registration requirements, or regulatory approvals. The document must consider UAE commercial law principles, potential requirements for Arabic translation, and local notarization requirements.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal names and addresses as per UAE requirements

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

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

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

5. Purchase Price: Consideration, payment terms, and any adjustments, including VAT treatment

6. Conditions Precedent: Prerequisites to completion, including regulatory approvals and third-party consents

7. Pre-Completion Obligations: Parties' obligations between signing and completion, including conduct of business

8. Completion: Mechanics of closing, including timing, location, and deliverables

9. Seller's Warranties: Representations and warranties regarding the assets and seller's capacity

10. Buyer's Warranties: Representations and warranties regarding buyer's capacity and authority

11. Limitations on Liability: Scope and limitations of parties' liabilities and indemnities

12. Confidentiality: Obligations regarding transaction confidentiality and announcement restrictions

13. Notices: Process for formal communications between parties

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

15. General Provisions: Standard boilerplate clauses including severability, whole agreement, and amendments

Optional Sections

1. Employee Matters: Required when transfer includes employees, addressing UAE Labor Law requirements

2. Intellectual Property Rights: Needed when transfer includes IP assets, detailing transfer and licensing arrangements

3. Real Estate Provisions: Required when assets include real property, incorporating relevant emirate-specific requirements

4. Tax Covenants: Detailed tax provisions when significant tax implications exist

5. Environmental Matters: Required for assets with environmental implications or compliance requirements

6. Competition/Antitrust: Needed for large transactions requiring competition authority approval

7. Post-Completion Covenants: Required when ongoing obligations exist post-completion

8. Transitional Services: Needed when seller must provide continuing services post-completion

9. Foreign Investment Provisions: Required when buyer is a foreign entity, addressing ownership restrictions

Suggested Schedules

1. Asset Schedule: Detailed list and description of all assets being transferred

2. Excluded Assets Schedule: List of specific assets excluded from the transfer

3. Purchase Price Calculation: Detailed breakdown of purchase price components and adjustments

4. Completion Obligations: Detailed list of actions and deliverables required at completion

5. Warranties: Detailed warranties given by the seller regarding the assets

6. Encumbrances: List of existing encumbrances affecting the assets

7. Required Consents: List of third-party and regulatory consents required

8. Employees: Details of any transferring employees (if applicable)

9. Contracts: List of contracts being transferred or requiring assignment

10. Form of Transfer Instruments: Templates for specific transfer documents required under UAE law

Authors

Alex Denne

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

Relevant legal definitions










































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Relevant Industries

Manufacturing

Real Estate

Retail

Technology

Healthcare

Hospitality

Energy

Transportation

Construction

Financial Services

Professional Services

Industrial

Agriculture

Media and Entertainment

Telecommunications

Relevant Teams

Legal

Finance

Corporate Development

Operations

Compliance

Risk Management

Due Diligence

Property Management

Asset Management

Treasury

Tax

Strategy

Procurement

Integration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Legal Director

Corporate Lawyer

Finance Director

Business Development Manager

Operations Director

Asset Manager

Compliance Officer

Due Diligence Manager

Risk Manager

Transaction Advisory Manager

Corporate Secretary

Investment Manager

Property Manager

Procurement Manager

Integration Manager

Industries








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

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