¶¶Òõ¶ÌÊÓƵ

All Countries
Letter Of Intent To Purchase Business

Letter Of Intent To Purchase Business Template for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Letter Of Intent To Purchase Business

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Letter Of Intent To Purchase Business

"I need a Letter of Intent to Purchase Business for acquiring a technology startup in Dubai's Silicon Oasis Free Zone, with a proposed purchase price of AED 5 million and an exclusivity period until March 2025, including specific provisions for protecting the intellectual property rights."

Celebrated by
Collaborations with
Investors
Document background
A Letter of Intent to Purchase Business is a crucial preliminary document in business acquisitions within the United Arab Emirates. It serves as a formal expression of interest and outlines the basic terms and conditions under which a potential buyer intends to acquire a business. While predominantly non-binding, it establishes the framework for negotiations and includes essential elements such as proposed purchase price, payment structure, exclusivity period, and confidentiality obligations. The document must comply with UAE Federal Law No. 32 of 2021 and related regulations, particularly regarding foreign ownership restrictions and business transfer requirements. It's typically used after initial discussions but before detailed due diligence and final purchase agreements, helping parties align their expectations and establish a clear pathway toward the transaction's completion.
Suggested Sections

1. Letter Header: Formal business letter heading including date, addressee details, and reference number

2. Subject Line: Clear statement indicating this is a Letter of Intent for Business Purchase

3. Introduction: Identification of the parties and their roles (potential buyer and seller)

4. Business Description: Clear identification of the target business and its current ownership

5. Purchase Intent: Clear statement of intention to purchase the business

6. Proposed Terms: Key commercial terms including proposed purchase price and payment structure

7. Due Diligence: Statement regarding the need and timeline for due diligence process

8. Exclusivity: Period during which the seller agrees not to negotiate with other parties

9. Confidentiality: Statement regarding confidentiality of negotiations and information exchange

10. Timeline: Proposed timeline for completing the transaction

11. Non-Binding Nature: Clear statement that the LOI is non-binding except for specified clauses

12. Closing: Formal letter closing with signature blocks for both parties

Optional Sections

1. Deposit Terms: Include when a good faith deposit is part of the transaction

2. Financing Contingency: Include when the purchase is subject to obtaining specific financing

3. Employee Retention: Include when there are specific intentions regarding existing employees

4. Regulatory Approval: Include when the transaction requires specific regulatory approvals

5. Post-Closing Support: Include when seller's assistance post-transaction is required

6. Non-Compete Provisions: Include when preliminary non-compete terms need to be established

Suggested Schedules

1. Schedule A - Business Information: Basic information about the business including legal structure, licenses, and locations

2. Schedule B - Preliminary Price Calculation: Overview of the proposed purchase price structure and key financial terms

3. Schedule C - Key Assets: Preliminary list of major assets included in the proposed transaction

4. Schedule D - Due Diligence Requirements: Initial list of documents and information required for due diligence

5. Schedule E - Timeline: Detailed proposed timeline for key transaction milestones

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions

























Clauses























Relevant Industries

Retail

Manufacturing

Technology

Healthcare

Hospitality

Professional Services

Real Estate

Construction

Trading

Education

Food and Beverage

Logistics

Financial Services

Media and Entertainment

Automotive

Relevant Teams

Legal

Finance

Corporate Development

Strategy

Mergers & Acquisitions

Executive Leadership

Business Development

Due Diligence

Commercial

Risk Management

Compliance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Business Development Manager

Corporate Lawyer

Legal Counsel

Investment Manager

Mergers & Acquisitions Director

Business Owner

Finance Director

Strategy Director

Commercial Director

Company Secretary

Due Diligence Manager

Corporate Development Officer

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

Find the exact document you need

Car Sale By Owner Contract

A UAE-compliant legal agreement for the private sale of a motor vehicle between individuals, including terms of sale and ownership transfer requirements.

find out more

Business Purchase Agreement

find out more

Business Share Purchase Agreement

UAE-governed agreement for the purchase and sale of business shares, detailing transaction terms and regulatory compliance requirements.

find out more

Agreement For Sale Of Business Sole Proprietorship

UAE-governed agreement for the sale and transfer of ownership of a sole proprietorship business, including all associated assets, rights, and obligations.

find out more

Lease Purchase Agreement Commercial Property

UAE-governed agreement combining commercial property lease terms with a future purchase option, subject to UAE federal and emirate-level property laws.

find out more

Contract For Sale Of Commercial Property

UAE-governed agreement for the sale and purchase of commercial property, incorporating federal and emirate-specific property laws and regulations.

find out more

Commercial Purchase Contract

UAE-governed commercial purchase agreement for B2B transactions, compliant with UAE Civil Code and commercial regulations.

find out more

Business Share Sale Agreement

UAE-governed agreement for the sale and purchase of business shares, outlining transaction terms and ensuring regulatory compliance.

find out more

Company Purchase Agreement

UAE-governed agreement detailing terms and conditions for company acquisition, including purchase price, warranties, and regulatory compliance requirements.

find out more

Agreement Of Purchase And Sale Of Business Assets

UAE-governed agreement for the purchase and sale of business assets, detailing transfer terms and ensuring compliance with UAE commercial law.

find out more

Business Buy And Sell Agreement

UAE-governed agreement for the sale and purchase of a business, including transfer terms, warranties, and completion requirements.

find out more

Contract For Sale Of Business

UAE-governed agreement for the sale and purchase of a business, including comprehensive transfer provisions and compliance with local regulations.

find out more

Business Sales Agreement

UAE-governed agreement for the sale and purchase of a business, detailing transaction terms, assets transfer, and regulatory compliance requirements.

find out more

Letter Of Intent To Purchase Business

A preliminary document outlining proposed terms for business acquisition in the UAE, serving as a framework for negotiations and due diligence under UAE commercial law.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.