Liability Transfer Agreement Template for United Arab Emirates

1. Security Arrangements: Required if the liability is secured by any assets or guarantees

2. Regulatory Compliance: Needed if the transfer requires regulatory approvals or notifications

3. Multiple Creditors: Required if there are multiple creditors or syndicated facilities

4. Tax Provisions: Include if there are significant tax implications of the transfer

5. Currency Provisions: Required if the liability involves multiple currencies

6. Set-off Rights: Include if parties wish to preserve or exclude set-off rights

7. Sharia Compliance: Required if the agreement needs explicit Sharia compliance provisions

8. Step-In Rights: Include if there are specific circumstances where original creditor can step back in

1. Schedule 1 - Details of the Liability: Comprehensive description of the liability being transferred including amount, interest, payment terms

2. Schedule 2 - Security Details: List and details of any security or collateral associated with the liability

3. Schedule 3 - Completion Requirements: Checklist of documents and actions required to complete the transfer

4. Schedule 4 - Form of Notice to Debtor: Template for notifying the original debtor of the transfer

5. Schedule 5 - Existing Facility Documents: List of all relevant existing agreements and documents

6. Appendix A - Required Regulatory Approvals: List of necessary regulatory approvals and status

7. Appendix B - Form of Transfer Certificate: Standard form for documenting the completed transfer