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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."
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
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
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
Manufacturing
Real Estate
Retail
Technology
Healthcare
Hospitality
Energy
Transportation
Construction
Financial Services
Professional Services
Industrial
Agriculture
Media and Entertainment
Telecommunications
Legal
Finance
Corporate Development
Operations
Compliance
Risk Management
Due Diligence
Property Management
Asset Management
Treasury
Tax
Strategy
Procurement
Integration
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
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