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Cession Of Rights Agreement for United Arab Emirates

Cession Of Rights Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that facilitates the formal transfer of rights from one party (the Cedent) to another party (the Cessionary). This agreement details the specific rights being transferred, the terms of the transfer, consideration, and obligations of both parties. It incorporates relevant provisions from UAE Federal Laws, including the Civil Code and specific legislation related to the type of rights being transferred. The document ensures compliance with UAE legal requirements for rights transfer, including any necessary government registration or notarization procedures.

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What is a Cession Of Rights Agreement?

A Cession Of Rights Agreement is a crucial legal instrument used in the United Arab Emirates when one party wishes to transfer specific rights, whether intellectual property, contractual rights, or other legal entitlements, to another party. This document is essential in various business contexts, from technology transfers to asset sales, and must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and other relevant legislation. The agreement typically includes detailed descriptions of the rights being transferred, warranties about ownership, consideration for the transfer, and necessary formalities for UAE law compliance. It's particularly important in commercial transactions where clear documentation of rights transfer is required for legal certainty and future enforcement.

What sections should be included in a Cession Of Rights Agreement?

1. Parties: Identification of the Cedent (rights holder) and Cessionary (recipient), including full legal names and addresses

2. Background: Context of the rights being transferred and the relationship between the parties

3. Definitions: Key terms used throughout the agreement, including 'Rights', 'Effective Date', and any industry-specific terminology

4. Subject Matter of Cession: Detailed description of the rights being transferred and scope of the cession

5. Consideration: Payment or other consideration for the transfer of rights

6. Effective Date and Duration: When the transfer becomes effective and any relevant time periods

7. Representations and Warranties: Cedent's confirmations regarding ownership and authority to transfer the rights

8. Obligations of the Parties: Specific duties of both parties in relation to the transfer

9. Further Assurance: Commitment to execute additional documents or take actions necessary to perfect the transfer

10. Governing Law and Jurisdiction: Specification of UAE law and relevant courts/jurisdiction

11. Notices: Process for formal communications between parties

12. Entire Agreement: Confirmation that this document represents the complete agreement between parties

What sections are optional to include in a Cession Of Rights Agreement?

1. Intellectual Property Rights: Detailed section when the cession involves IP rights, including specific provisions required under UAE IP laws

2. Confidentiality: When the rights transfer involves sensitive information or trade secrets

3. Tax Provisions: When the transfer has significant tax implications requiring specific arrangements

4. Registration and Formalities: When the rights transfer requires registration with government authorities

5. Non-Competition: When the cedent needs to be restricted from competing post-transfer

6. Third Party Consents: When the transfer requires approval from other parties

7. Regulatory Compliance: When the rights transfer is subject to specific regulatory requirements

8. Security Provisions: When additional security or guarantees are required for the transfer

What schedules should be included in a Cession Of Rights Agreement?

1. Schedule 1 - Description of Rights: Detailed technical or legal description of the rights being transferred

2. Schedule 2 - Payment Terms: Detailed payment schedule, including any installments or conditions

3. Schedule 3 - Existing Agreements: List of relevant existing agreements affecting the transferred rights

4. Schedule 4 - Required Consents: List of third-party consents needed for the transfer

5. Schedule 5 - Registered Rights: Details of any registered intellectual property or other registered rights

6. Appendix A - Form of Notice: Template for notifying third parties of the transfer

7. Appendix B - Transfer Documents: Forms of additional transfer documents required under UAE law

Authors

Alex Denne

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

Publisher

Ƶ

Document Type

Transfer Agreement

Cost

Free to use
Relevant legal definitions














































Clauses



































Relevant Industries

Technology

Media & Entertainment

Manufacturing

Professional Services

Real Estate

Financial Services

Healthcare

Retail & Consumer Goods

Energy & Resources

Telecommunications

Education

Creative Industries

Relevant Teams

Legal

Commercial

Compliance

Corporate Secretariat

Business Development

Finance

Risk Management

Intellectual Property

Operations

Strategy

Relevant Roles

Legal Counsel

Contract Manager

Business Development Director

Intellectual Property Manager

Commercial Director

Chief Legal Officer

Rights Management Specialist

Compliance Officer

Corporate Secretary

Chief Executive Officer

Chief Financial Officer

Business Owner

Asset Manager

Portfolio Manager

Industries







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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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