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Business Deed Of Sale Template for United Arab Emirates

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Key Requirements PROMPT example:

Business Deed Of Sale

"I need a Business Deed of Sale for transferring ownership of my Dubai-based restaurant business to a local company, including kitchen equipment, existing supplier contracts, and staff transfers, with completion planned for March 2025."

Document background
The Business Deed of Sale is a crucial legal document used in the United Arab Emirates for transferring ownership of business enterprises between parties. This document is essential when conducting business acquisitions or sales in the UAE market, whether for complete business transfers or partial asset sales. The deed must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and Federal Law No. 18 of 1993 (Commercial Transactions Law), among other relevant regulations. It includes comprehensive details about the business being sold, purchase price, warranties, liabilities, and completion requirements. The document is particularly important in the UAE context as it must address specific local requirements such as economic department approvals, commercial registration procedures, and foreign ownership restrictions where applicable.
Suggested Sections

1. Parties: Detailed identification of the Seller and Buyer, including full legal names, commercial registration numbers, and registered addresses

2. Background: Context of the sale, brief description of the business, and purpose of the deed

3. Definitions: Definitions of key terms used throughout the deed

4. Sale and Purchase: Core terms of the sale including the business assets being transferred

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

6. Completion: Timing and procedures for completing the sale, including conditions precedent

7. Seller's Warranties: Warranties regarding business ownership, assets, liabilities, and operations

8. Business Assets: Detailed description of all assets included in the sale

9. Employees: Treatment of existing employees and related liabilities

10. Liabilities: Allocation of business liabilities between parties

11. Handover: Process for physical and operational transfer of the business

12. Confidentiality: Obligations regarding business information and trade secrets

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

14. Execution: Formal execution blocks complying with UAE requirements

Optional Sections

1. Intellectual Property: Required when the business sale includes significant IP assets

2. Property Lease Assignment: Needed when business premises are leased and require assignment

3. Non-Competition: Include when restricting seller's future business activities

4. Third Party Consents: Required when specific third-party approvals are needed

5. Tax Matters: Include for complex tax implications or VAT registered businesses

6. Environmental Matters: Required for businesses with environmental impacts or permits

7. Transition Services: Include when seller will provide post-completion support

8. Islamic Finance Compliance: Required when transaction must comply with Shariah principles

Suggested Schedules

1. Asset Register: Comprehensive list of all tangible and intangible assets included in the sale

2. Financial Statements: Recent financial statements and management accounts

3. Employee Information: List of employees, their terms, and related liabilities

4. Contracts and Licenses: Schedule of all business contracts and operational licenses

5. Property Details: Details of owned or leased properties included in the sale

6. Intellectual Property Register: List of all IP rights, registrations, and applications

7. Completion Requirements: Checklist of documents and actions required for completion

8. Outstanding Liabilities: List of all debts, liabilities, and contingent obligations

Authors

Alex Denne

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

Relevant legal definitions












































Clauses






































Relevant Industries

Retail

Manufacturing

Professional Services

Hospitality

Technology

Trading

Real Estate

Construction

Healthcare

Education

Logistics

Food and Beverage

Automotive

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Development

Compliance

Operations

Risk Management

Business Development

Corporate Secretariat

Mergers & Acquisitions

Executive Leadership

Commercial

Relevant Roles

Chief Executive Officer

Managing Director

Chief Financial Officer

Legal Counsel

Corporate Lawyer

Business Development Manager

Operations Director

Company Secretary

Finance Manager

Compliance Officer

Commercial Director

Mergers & Acquisitions Manager

Business Owner

General Manager

Risk 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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