Agreement To Sell 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 Agreement To Sell 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:

Agreement To Sell Business

"I need an Agreement to Sell Business for my Dubai-based manufacturing company, which includes specialized machinery and 45 employees, with completion planned for March 2025 and including special provisions for technology transfer and employee retention bonuses."

Document background
The Agreement To Sell Business is a crucial document used in the United Arab Emirates when transferring ownership of a business entity or its assets from one party to another. This agreement is essential for transactions in both mainland UAE and free zone jurisdictions, requiring careful consideration of UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and related regulations. The document is typically used when a business owner wishes to sell their entire business operation, including assets, contracts, employees, and goodwill. It must address specific UAE requirements such as foreign ownership restrictions, local agent relationships, and regulatory approvals. The agreement includes detailed provisions for purchase price mechanics, warranties, indemnities, and completion requirements, while ensuring compliance with UAE commercial laws and regulations.
Suggested Sections

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

2. Background: Context of the transaction, description of the business, and purpose of the agreement

3. Definitions: Defined terms used throughout the agreement, including Business, Assets, Completion Date, etc.

4. Sale and Purchase: Core transaction terms, including what is being sold and purchased

5. Purchase Price: Purchase consideration, payment terms, adjustments, and payment mechanics

6. Conditions Precedent: Conditions that must be satisfied before completion of the sale

7. Pre-Completion Obligations: Obligations of both parties between signing and completion

8. Completion: Mechanics of closing the transaction, including timing, location, and deliverables

9. Seller's Warranties: Representations and warranties regarding the business, assets, and liabilities

10. Buyer's Warranties: Representations and warranties from the buyer, including capacity to purchase

11. Limitations on Liability: Limitations on warranty claims and general liability caps

12. Employees: Treatment of employees, transfer arrangements, and related obligations

13. Restrictive Covenants: Non-compete and non-solicitation provisions

14. Confidentiality: Obligations regarding confidential information

15. Announcements: Requirements for public announcements about the transaction

16. General Provisions: Standard boilerplate clauses including governing law, notices, etc.

Optional Sections

1. Intellectual Property: Detailed provisions for transfer of IP rights, when business owns significant IP

2. Real Estate: Specific provisions for transfer of property rights, when business owns/leases property

3. Environmental Matters: Environmental warranties and indemnities, for businesses with environmental risks

4. Data Protection: Provisions for handling personal data, for businesses processing significant personal data

5. Pension Schemes: Treatment of pension arrangements, when business has pension schemes

6. Litigation: Handling of ongoing litigation, when business has pending legal matters

7. Tax Covenant: Detailed tax provisions, for complex tax situations

8. Earn-out Provisions: Structure for additional payments based on future performance

9. Third Party Consents: Process for obtaining required third-party approvals

Suggested Schedules

1. Schedule 1 - Business Assets: Detailed list of all assets included in the sale

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Properties: Details of owned and leased properties

4. Schedule 4 - Intellectual Property Rights: List of all IP rights owned by the business

5. Schedule 5 - Employee Information: Details of all employees, including terms and conditions

6. Schedule 6 - Material Contracts: List of key business contracts being transferred

7. Schedule 7 - Completion Deliverables: List of documents to be delivered at completion

8. Schedule 8 - Warranties: Detailed warranties given by the seller

9. Appendix 1 - Form of Transfer Instruments: Template documents for transferring specific assets

10. Appendix 2 - Completion Accounts: Format and principles for preparation of completion accounts

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Relevant Industries

Retail

Manufacturing

Professional Services

Technology

Healthcare

Real Estate

Hospitality

Construction

Trading

Education

Financial Services

Transportation

Logistics

Media and Entertainment

Food and Beverage

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Executive Leadership

Operations

Compliance

Risk Management

Business Development

Corporate Secretariat

Relevant Roles

CEO

Managing Director

Business Owner

Chief Financial Officer

General Counsel

Legal Director

Corporate Lawyer

Business Development Director

Finance Director

Company Secretary

Operations Director

Commercial Director

Merger & Acquisition Manager

Investment Manager

Risk Manager

Compliance 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

Sale Agreement Of Bike

UAE-governed agreement for the sale and purchase of a bike, defining terms, conditions, and ownership transfer requirements.

find out more

Simple Horse Sale Contract

UAE-governed horse sale agreement covering essential terms of transaction and transfer of ownership, compliant with local laws and regulations.

find out more

Agreement To Sell Business

UAE-governed agreement documenting the sale and purchase of a business, including terms, conditions, and regulatory compliance requirements.

find out more

Car Purchase Contract

UAE-governed agreement for the sale and purchase of a motor vehicle, ensuring compliance with local regulations while protecting both parties' interests.

find out more

Car Sale Agreement Form

UAE-compliant vehicle sale agreement template covering essential elements of car sales transactions under UAE law.

find out more

Agreement Of Property Sale

UAE-governed legal agreement for property sale and ownership transfer, complying with federal and emirate-specific real estate regulations.

find out more

Sale Deed Agreement

A UAE-compliant legal document evidencing the transfer of property ownership rights from seller to buyer, containing essential terms and conditions as required by UAE property law.

find out more

Sale Agreement Without Possession

UAE-governed agreement for sale of goods with immediate ownership transfer but delayed physical possession, including storage and future delivery terms.

find out more

Wholesale Contract

UAE-governed wholesale agreement establishing terms for bulk sale and purchase of goods between commercial entities.

find out more

International Sales Agreement

UAE law-governed agreement establishing terms for international sale of goods, incorporating local commercial laws and international trade conventions.

find out more

Contract For Vehicle Sale With Payments

UAE-governed vehicle sale agreement with structured payment terms, compliant with UAE Civil Code and RTA regulations.

find out more

Vehicle Sale Agreement Between Two Parties

UAE-governed agreement for vehicle sale and purchase between two parties, including transfer terms and RTA compliance requirements.

find out more

Sale Of Shares In Private Company Agreement

UAE-governed agreement for the sale and purchase of shares in a private company, detailing transfer terms, warranties, and regulatory compliance requirements.

find out more

Purchase Contract Form

UAE-compliant purchase contract template for commercial transactions, incorporating local legal requirements and commercial practices.

find out more

Contract To Sell Condominium

UAE-governed agreement for condominium sale and purchase, compliant with federal and emirate-level property regulations.

find out more

Equipment Sales Contract

UAE-governed contract for equipment sales, compliant with UAE Federal Laws, covering specifications, pricing, delivery, and warranties.

find out more

Addendum To Purchase Contract

A UAE law-governed document that modifies specific terms of an existing purchase contract while maintaining the original agreement's validity.

find out more

Assignment Of Real Estate Purchase And Sale Agreement

A UAE-compliant legal document transferring rights and obligations under an existing property purchase agreement from one party to another, subject to local real estate regulations and registration requirements.

find out more

Sale And Leaseback Contract

A UAE-governed agreement combining property sale and immediate leaseback arrangements, enabling property owners to sell their asset while retaining its use through a lease agreement.

find out more

Transfer Of Sale Agreement

A UAE-governed agreement facilitating the legal transfer of ownership of assets, property, or business interests, ensuring compliance with UAE Federal Laws and local regulations.

find out more

Trademark Sale Agreement

UAE-governed agreement for the sale and transfer of trademark rights, including ownership transfer provisions and UAE Trademark Office registration requirements.

find out more

Gas Sale Agreement

UAE-governed agreement establishing terms for natural gas sale and purchase, including technical specifications, delivery obligations, and pricing mechanisms.

find out more

Domain Name Sale Agreement

UAE-governed agreement for the legal transfer of domain name ownership, detailing sale terms and transfer procedures under UAE law.

find out more

Sell Buy Back Agreement

UAE-governed agreement documenting terms of a sell-buyback transaction, including initial sale and repurchase obligations of securities or assets between parties.

find out more

Gas Purchase Agreement

UAE-governed agreement establishing terms and conditions for natural gas sale and purchase, including delivery, pricing, and operational requirements.

find out more

Deed Of Sale Contract

A legally binding document for property ownership transfer in the UAE, compliant with local laws and regulations, detailing sale terms and conditions.

find out more

Contract Of Deed Of Sale

A UAE-governed legal document evidencing property transfer between seller and buyer, detailing sale terms and conditions in compliance with UAE law.

find out more

Boat Purchase Agreement

UAE-governed agreement for the sale and purchase of marine vessels, complying with UAE Maritime Law and related regulations.

find out more

Agreement For Sale And Sale Deed

A UAE law-governed document combining a property sale agreement and deed transfer, encompassing full transaction terms and title transfer provisions.

find out more

Private Sale Contract

A UAE law-governed contract documenting terms and conditions for private sale transactions between parties, ensuring compliance with UAE Civil Code requirements.

find out more

Addendum To Deed Of Sale

A UAE law-governed document that amends or supplements an existing property Deed of Sale, formally recording agreed changes while ensuring compliance with local property regulations.

find out more

Vehicle Sale Agreement

UAE-governed agreement for vehicle ownership transfer, covering sale terms, warranties, and registration requirements under UAE law.

find out more

Sales Commission Agreement

UAE-governed agreement establishing commission-based sales relationships, defining payment terms and performance requirements under UAE commercial law.

find out more

Purchase And Sale Contract

UAE-governed agreement documenting the transfer of ownership of goods, assets, or property from seller to purchaser, incorporating key provisions required under UAE law.

find out more

House Purchase Contract

UAE-governed agreement for residential property sale and purchase, complying with federal and emirate-level property regulations.

find out more

Conditional Sales Contract

UAE-governed agreement for sale of goods where ownership transfers upon meeting specific conditions, typically full payment.

find out more

Addendum To Agreement Of Sale

A UAE law-governed document that modifies specific terms of an existing Agreement of Sale while maintaining other original terms.

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: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’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; Genie’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 Trust Centre for more details and real-time security updates.