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Land Acquisition Agreement
"I need a Land Acquisition Agreement for purchasing a 10,000 square meter industrial plot in Dubai Industrial City, with completion scheduled for March 2025 and including specific environmental compliance warranties due to the planned manufacturing facility."
1. Parties: Identification of the seller and purchaser, including full legal names, registration details, and addresses
2. Background: Context of the transaction, brief description of the property, and purpose of the agreement
3. Definitions: Defined terms used throughout the agreement, including technical and legal terminology
4. Sale and Purchase: Core transaction terms, including clear description of the property being sold and purchased
5. Purchase Price: Detailed breakdown of the purchase price, payment schedule, and payment mechanics
6. Conditions Precedent: Prerequisites that must be satisfied before completion, including regulatory approvals and due diligence
7. Completion: Process and requirements for closing the transaction, including timing and deliverables
8. Seller's Warranties: Representations and warranties regarding the property, title, and seller's capacity
9. Property Handover: Process and timing for physical handover of the property and transfer of possession
10. Registration and Transfer: Requirements and procedures for legal registration of the property transfer
11. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
13. Notices: Process and requirements for formal communications between parties
14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Due Diligence: Detailed provisions regarding the buyer's right to conduct due diligence, used when the agreement is conditional on due diligence completion
2. Environmental Matters: Specific provisions regarding environmental conditions and liabilities, used for industrial or potentially contaminated properties
3. Development Obligations: Requirements for future development of the land, used when the purchase is tied to specific development commitments
4. Escrow Arrangements: Details of any escrow mechanism for the purchase price, used in complex transactions or where parties require additional security
5. Service Contracts: Provisions dealing with existing service contracts, used when the property has ongoing service arrangements
6. Employee Matters: Provisions regarding existing employees or staff, used when the property includes operational facilities
7. Intellectual Property: Provisions regarding any IP associated with the property, used for properties with branded elements or technical specifications
8. Force Majeure: Specific provisions for unforeseen events, used in long-term completion arrangements
1. Property Description: Detailed legal and technical description of the property, including boundaries and coordinates
2. Title Documents: List and copies of all relevant title documents and ownership certificates
3. Purchase Price Payment Schedule: Detailed breakdown of payment installments and timing
4. Completion Requirements: Checklist of all documents and requirements for completion
5. Form of Transfer Deed: Template of the official transfer deed required by the Land Department
6. Existing Encumbrances: Details of any existing mortgages, liens, or other encumbrances
7. Due Diligence Documents: List of all documents provided for due diligence
8. Property Plans and Drawings: Technical drawings, maps, and plans of the property
9. Environmental Reports: Copies of environmental surveys or assessments, if applicable
10. Warranties: Detailed list of seller's warranties and representations
Authors
Applicable Laws
Business Day
Completion
Completion Date
Conditions Precedent
Consideration
Deposit
Encumbrance
Environmental Laws
Governmental Authority
Land Department
Land Registration Fee
Municipality
Parties
Permitted Use
Plot
Property
Purchase Price
Purchaser
Registration
Seller
Title Deed
Transfer Date
Transfer Fee
Warranties
Dirhams
Completion Documents
Due Diligence Period
Effective Date
Force Majeure Event
Handover Date
Land Area
Material Adverse Effect
Ownership Interest
Payment Schedule
Property Documents
Purchase Rights
Real Estate Register
Related Parties
Relevant Authority
Site Plan
Survey Report
Title Certificate
Working Hours
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Seller Warranties
Purchaser Warranties
Title
Property Condition
Completion
Registration
Transfer
Handover
Possession
Encumbrances
Environmental Compliance
Land Use
Development Rights
Representations
Indemnification
Default
Termination
Force Majeure
Assignment
Confidentiality
Costs
Taxes
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Waiver
Further Assurance
Counterparts
Real Estate
Construction
Property Development
Infrastructure
Industrial
Hospitality
Retail
Healthcare
Education
Manufacturing
Logistics
Agriculture
Energy
Tourism
Legal
Real Estate
Property Development
Corporate Strategy
Finance
Compliance
Risk Management
Operations
Facilities Management
Project Management
Investment
Asset Management
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Development Manager
Legal Counsel
Corporate Lawyer
Land Acquisition Manager
Real Estate Investment Manager
Project Director
Facilities Manager
Property Manager
Development Director
Asset Manager
Investment Analyst
Risk Manager
Compliance Officer
Real Estate Broker
Property Consultant
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