Document background
The Purchase And Sale Agreement Business Template is designed for use in the United Arab Emirates when conducting business acquisition or disposal transactions. This document serves as a fundamental framework for both asset and share purchase transactions, incorporating essential provisions required under UAE law. It is particularly relevant for transactions involving UAE mainland companies, free zone entities, or branches of foreign companies, ensuring compliance with local ownership requirements, commercial regulations, and licensing procedures. The template addresses key aspects such as due diligence findings, regulatory approvals, asset transfers, employee transitions, and post-completion obligations, while maintaining alignment with UAE Commercial Transactions Law and related regulations. It can be customized based on transaction complexity, business sector, and specific requirements of the parties involved.
