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1. Parties: Identification of all parties involved in the agreement, including the selling partner(s), purchasing partner(s), and the company
2. Background: Context of the partnership, reason for buyout, and current ownership structure
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase of Partnership Interest: Core terms of the transaction including the partnership interest being transferred
5. Purchase Price and Payment Terms: Agreed valuation, payment structure, and payment mechanisms
6. Completion: Details of when and how the transfer will be completed, including required actions and documentation
7. Warranties and Representations: Statements of fact and promises made by both parties regarding their capacity, authority, and the state of the business
8. Pre-Completion Obligations: Actions required from parties before the completion date
9. Post-Completion Obligations: Ongoing obligations after the transfer is completed
10. Confidentiality: Provisions regarding confidential information and its protection
11. Non-Compete and Non-Solicitation: Restrictions on the selling partner's future business activities
12. Release and Discharge: Mutual release of claims and liabilities between parties
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Ongoing Litigation Provisions: Include when there are pending legal matters involving the company or partners
2. Intellectual Property Rights: Include when significant IP assets need to be addressed specifically
3. Employee Matters: Include when the selling partner has specific relationships with key employees
4. Tax Indemnities: Include when specific tax liabilities need to be allocated between parties
5. Transitional Services: Include when the selling partner needs to provide ongoing support post-completion
6. Bank Accounts and Financial Arrangements: Include when complex financial arrangements need to be unwound
7. Property Matters: Include when real estate assets are significant to the transaction
8. Outstanding Loans and Debts: Include when there are significant inter-partner loans or company debts
1. Schedule 1 - Partnership Interest Details: Detailed description of the partnership interest being transferred
2. Schedule 2 - Purchase Price Calculation: Detailed breakdown of valuation and price calculation methodology
3. Schedule 3 - Completion Requirements: Checklist of all documents and actions required for completion
4. Schedule 4 - Company Assets: Comprehensive list of company assets and their status
5. Schedule 5 - Warranties: Detailed warranties given by both parties
6. Schedule 6 - Encumbrances: List of any existing encumbrances on the partnership interest
7. Appendix A - Company Financial Statements: Recent financial statements used for valuation
8. Appendix B - Required Regulatory Approvals: List of necessary regulatory approvals and their status
Professional Services
Real Estate
Retail
Manufacturing
Technology
Healthcare
Construction
Hospitality
Financial Services
Trading
Consulting
Media and Entertainment
Education
Transportation and Logistics
Legal
Finance
Corporate Governance
Executive Leadership
Operations
Risk and Compliance
Business Development
Corporate Affairs
Company Secretariat
Strategy
Managing Partner
CEO
CFO
General Counsel
Legal Director
Corporate Lawyer
Business Development Director
Financial Controller
Company Secretary
Managing Director
Board Member
Finance Manager
Operations Director
Partnership Manager
Risk Manager
Compliance Officer
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