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Company Sale Contract
I need a Company Sale Contract for the sale of my Dubai-based tech startup to a local UAE company, with completion planned for March 2025. The transaction is straightforward with no external financing required.
1. Parties: Identification of the Seller(s) and Buyer(s), including full legal names and registration details as per UAE requirements
2. Background: Context of the transaction, description of the target company, and purpose of the agreement
3. Definitions and Interpretation: Key terms used throughout the agreement, including UAE-specific legal and business terms
4. Sale and Purchase: Core transaction terms including shares/assets being sold and purchase price
5. Consideration: Details of the purchase price, payment terms, and any adjustments
6. Conditions Precedent: Prerequisites to completion, including regulatory approvals and UAE-specific requirements
7. Pre-Completion Obligations: Parties' obligations between signing and completion, including conduct of business requirements
8. Completion: Mechanics of closing the transaction, including required documents and processes under UAE law
9. Warranties: Seller's warranties about the company, its assets, and compliance with UAE laws
10. Limitations on Liability: Scope and limitations of Seller's liability for warranty breaches and claims
11. Tax Matters: Allocation of tax liabilities and obligations under UAE tax laws
12. Confidentiality: Obligations regarding transaction confidentiality and company information
13. Announcements: Requirements for public announcements and regulatory disclosures
14. Further Assurance: Obligations to take additional steps to give effect to the transaction
15. Assignment: Restrictions on transfer of rights under the agreement
16. Notices: Process for formal communications between parties
17. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions
18. General Provisions: Standard boilerplate clauses adapted for UAE law
19. Execution: Signature blocks meeting UAE execution requirements
1. Non-Competition: Restrictions on Seller's future business activities - include when Seller could compete with the business
2. Employee Matters: Specific provisions for employee transfers and protection - include when employees are key to the business
3. Intellectual Property: Special provisions for IP transfer and protection - include when IP is a significant business asset
4. Real Estate: Property transfer provisions - include when company owns/leases significant real estate
5. Environmental Matters: Environmental warranties and indemnities - include for manufacturing or industrial businesses
6. Free Zone Requirements: Specific provisions for free zone compliance - include for free zone companies
7. Earn-out Provisions: Future performance-based payments - include when part of purchase price is contingent on future performance
8. Transitional Services: Post-completion service arrangements - include when Seller's ongoing support is needed
9. Bank Financing: Provisions relating to third-party financing - include when purchase is externally financed
1. Company Details: Complete corporate information, shareholding structure, and regulatory licenses
2. Properties: Details of owned and leased real estate assets
3. Intellectual Property: List of IP rights, registrations, and licenses
4. Material Contracts: Key business agreements and commitments
5. Employee Information: List of employees, their terms, and benefits
6. Bank Accounts: Company's banking arrangements and facilities
7. Completion Requirements: Detailed closing checklist and required documents
8. Warranties: Detailed warranties about the business and assets
9. Disclosed Matters: Exceptions and qualifications to warranties
10. Form of Transfer Instruments: Templates for share transfer and other transfer documents
11. Data Room Index: Index of due diligence materials provided
12. Purchase Price Adjustments: Detailed mechanisms for price adjustments
Authors
Manufacturing
Technology
Retail
Real Estate
Healthcare
Professional Services
Financial Services
Construction
Hospitality
Energy
Logistics
E-commerce
Media and Entertainment
Education
Trading
Legal
Finance
Corporate Development
Mergers & Acquisitions
Compliance
Risk Management
Executive Leadership
Business Development
Strategy
Tax
Chief Executive Officer
Chief Financial Officer
Managing Director
General Counsel
Legal Director
Corporate Lawyer
M&A Lawyer
Finance Director
Business Development Director
Company Secretary
Compliance Officer
Risk Manager
Investment Manager
Commercial Director
Strategy Director
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