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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."
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
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
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
Retail
Manufacturing
Professional Services
Hospitality
Technology
Trading
Real Estate
Construction
Healthcare
Education
Logistics
Food and Beverage
Automotive
Media and Entertainment
Legal
Finance
Corporate Development
Compliance
Operations
Risk Management
Business Development
Corporate Secretariat
Mergers & Acquisitions
Executive Leadership
Commercial
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
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