Irrevocable Deed Template for United Arab Emirates

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Key Requirements PROMPT example:

Irrevocable Deed

"I need an Irrevocable Deed to transfer ownership of my manufacturing business assets in Dubai Industrial City to my eldest son, with the transfer to take effect from March 1, 2025, ensuring compliance with UAE family business succession laws."

Document background
The Irrevocable Deed is a crucial legal instrument in the United Arab Emirates, utilized when parties need to create permanent and unchangeable legal obligations. This document type is commonly employed in significant transactions such as property transfers, business succession planning, trust arrangements, and major asset transfers. The deed's irrevocable nature means that once properly executed, it cannot be unilaterally modified or revoked, providing certainty and security to all parties involved. It must comply with UAE Civil Code requirements, relevant emirate-specific regulations, and where applicable, Sharia law principles. The document typically requires formal authentication through UAE notary public services and may need additional registrations depending on the subject matter. Given its permanent nature, the Irrevocable Deed demands careful drafting, comprehensive due diligence, and thorough legal review before execution.
Suggested Sections

1. Parties: Full legal names and details of all parties involved in the deed, including their legal capacity and authority

2. Background: Context and circumstances leading to the creation of the deed, including any relevant prior agreements or arrangements

3. Definitions: Clear definitions of key terms used throughout the deed to ensure precise interpretation

4. Declaration: Clear statement of the irrevocable nature of the deed and the granting party's intention

5. Subject Matter: Detailed description of the rights, property, or interests being transferred or granted

6. Consideration: Details of any consideration given for the deed, if applicable

7. Representations and Warranties: Statements of fact and assurances about the subject matter and parties' authority

8. Covenants: Ongoing obligations and promises of the parties

9. Irrevocability Clause: Explicit statement confirming the irrevocable nature and conditions under which the deed cannot be revoked

10. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and jurisdiction for disputes

11. Execution: Formal execution block meeting UAE requirements for deeds, including witness provisions

Optional Sections

1. Power of Attorney: Required if any party is acting through an attorney or representative

2. Conditions Precedent: Include if the deed's effectiveness is subject to certain conditions being met

3. Registration Requirements: Required if the deed relates to property or assets requiring registration

4. Tax Provisions: Include if there are specific tax implications or requirements

5. Succession Provisions: Required if the deed needs to address inheritance or succession matters

6. Islamic Law Compliance: Required if specific Sharia law principles need to be addressed

7. Third Party Rights: Include if the deed affects or creates rights for third parties

8. Severability: Optional clause addressing the validity of remaining provisions if parts are found invalid

Suggested Schedules

1. Asset Schedule: Detailed description and/or listing of all assets covered by the deed

2. Title Documents: Copies or details of relevant title documents or ownership proof

3. Powers of Attorney: Copies of any relevant powers of attorney or authorization documents

4. Property Details: If property-related, detailed property information including plans and title details

5. Relevant Agreements: Copies of any referenced agreements or documents

6. Required Consents: Copies of any third-party or regulatory consents required

7. Authentication Documents: Notarial or other authentication certificates required under UAE law

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

Clauses
Relevant Industries

Real Estate

Banking & Finance

Construction

Legal Services

Investment & Asset Management

Family Business

Manufacturing

Energy & Resources

Infrastructure

Healthcare

Education

Relevant Teams

Legal

Compliance

Real Estate

Corporate Affairs

Risk Management

Property Management

Business Development

Investment

Operations

Executive Leadership

Relevant Roles

Legal Counsel

Corporate Lawyer

Property Lawyer

Compliance Officer

Real Estate Manager

Business Development Director

Chief Legal Officer

Company Secretary

Contract Manager

Risk Manager

Property Rights Manager

Trust Officer

Asset Manager

Investment Director

Chief Executive 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

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