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Buy Sell Agreement Form Template for United Arab Emirates

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Key Requirements PROMPT example:

Buy Sell Agreement Form

"I need a Buy Sell Agreement Form for the sale of manufacturing equipment from my UAE-based company to a Saudi buyer, with completion scheduled for March 2025 and including specific warranty provisions for industrial machinery."

Document background
The Buy Sell Agreement Form is a crucial legal document used in the United Arab Emirates for formalizing sale transactions between parties. This document is essential when transferring ownership of assets, businesses, or property, providing a legally binding framework that protects both buyer and seller interests. The agreement must comply with UAE Federal Laws, including Civil Code (Federal Law No. 5 of 1985) and Commercial Transactions Law (Federal Law No. 18 of 1993), while potentially incorporating Sharia law principles. The document typically includes detailed sections covering asset description, purchase price, payment terms, warranties, and dispute resolution mechanisms. It's particularly important in the UAE context due to the jurisdiction's specific requirements for commercial transactions and property transfers.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, addresses, and registration details if companies

2. Background: Context of the transaction and relationship between the parties

3. Definitions: Defined terms used throughout the agreement

4. Sale and Purchase: Core terms of the transaction including description of assets/goods being sold

5. Purchase Price: Amount, currency, and payment structure

6. Payment Terms: Timing and method of payment, including any installment arrangements

7. Conditions Precedent: Any conditions that must be met before the sale becomes effective

8. Completion: Details of when and how the transfer of ownership will occur

9. Seller's Warranties: Guarantees regarding ownership, condition, and quality of the sale items

10. Buyer's Warranties: Representations regarding ability to complete the purchase and compliance with laws

11. Title and Risk: When and how title and risk transfer to the buyer

12. Confidentiality: Obligations to keep transaction details private

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

14. Dispute Resolution: Process for handling disagreements, including courts or arbitration

15. General Provisions: Standard clauses including notices, amendments, and severability

Optional Sections

1. Third Party Rights: Include when other parties have interests in the sale items or transaction

2. Regulatory Compliance: Add when specific industry regulations apply to the transaction

3. Tax Provisions: Include when there are specific tax implications requiring detailed treatment

4. Post-Completion Obligations: Add when parties have continuing obligations after the sale

5. Non-Competition: Include for business sales where seller should be restricted from competing

6. Force Majeure: Add when specific events should excuse performance

7. Islamic Finance Compliance: Include when transaction must comply with Sharia principles

8. Assignment: Add when transfer of rights needs to be specifically addressed

Suggested Schedules

1. Asset Schedule: Detailed list and description of assets being sold

2. Price Calculation: Breakdown of purchase price components and calculations

3. Payment Schedule: If installment payments, detailed payment dates and amounts

4. Due Diligence Results: Summary of any due diligence findings

5. Required Consents: List of third-party or regulatory approvals needed

6. Encumbrances: List of any existing liens or encumbrances on sale items

7. Form of Transfer Documents: Templates of documents required for transfer

8. Condition Report: Detailed description of asset condition at sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


































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Relevant Industries

Retail

Manufacturing

Real Estate

Technology

Professional Services

Trading

Automotive

Construction

Healthcare

Hospitality

Financial Services

Energy

Transportation

Agriculture

Education

Relevant Teams

Legal

Finance

Commercial

Procurement

Sales

Compliance

Risk Management

Operations

Business Development

Corporate Secretarial

Property Management

Relevant Roles

Legal Counsel

Commercial Director

Chief Executive Officer

Chief Financial Officer

Business Development Manager

Contract Manager

Procurement Manager

Sales Director

Company Secretary

Risk Manager

Compliance Officer

Operations Manager

Finance Manager

Managing Director

Property Manager

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

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