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The Business Sales Agreement Form is a fundamental commercial document used in the United Arab Emirates for structuring and formalizing sales transactions between business entities. This document is essential for companies engaging in significant business-to-business sales within the UAE jurisdiction, whether for goods, services, or business assets. The agreement ensures compliance with UAE Federal Law No. 18 of 1993 (Commercial Transactions Law), incorporating necessary provisions for commercial dealings while adhering to local business practices and Sharia principles. It provides a comprehensive framework covering crucial elements such as payment terms, delivery conditions, warranties, and dispute resolution mechanisms, while accommodating specific requirements of different industries and transaction types. The document is particularly valuable for businesses seeking to establish clear, legally enforceable terms for their commercial relationships in the UAE market.

1. Parties: Identification of all contracting parties including full legal names, addresses, and registration details as per UAE requirements

2. Background: Context of the business sale agreement and brief description of the transaction

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

4. Scope of Sale: Detailed description of the business assets, inventory, or products being sold

5. Purchase Price: Details of the purchase price, payment terms, and payment schedule

6. Delivery Terms: Specifications for delivery, including timing, location, and transfer of risk

7. Warranties and Representations: Warranties and representations from both seller and buyer regarding the business, products, and transaction

8. Compliance with Laws: Commitment to comply with UAE laws and regulations

9. Title and Risk: Transfer of title and risk provisions in accordance with UAE Commercial Law

10. Inspection and Acceptance: Procedures for inspection and acceptance of goods or assets

11. Term and Termination: Duration of the agreement and conditions for termination

12. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law

13. Force Majeure: Provisions for unforeseen circumstances as recognized under UAE law

14. Notices: Process and requirements for formal communications between parties

15. Governing Law: Specification of UAE law as the governing law

16. Execution: Signature blocks and execution requirements