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ASSET PURCHASE AGREEMENT

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ASSET PURCHASE AGREEMENT

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Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000432
  • Version V 1.0
  • Last Updated 07-06-2023
  • Reviews 0
Document Summary

This document is an asset purchase agreement that finalizes all terms and conditions related to the purchase and sale of a company's assets.

It details the structure of the deal. Typically, in an asset purchase, the company itself will be selling the assets. An asset purchase enables a buyer to pick exactly which assets they are buying and precisely identify those liabilities they wish to take over.

Description

This document contains the following sections:

1. Definitions and Interpretation

2. Sale and Purchase

3. Consideration

4. Completion

5. Conduct between the Date of this Agreement and Completion

6. Warranties

7. Risk

8. Retained Liabilities of the Seller

9. Restrictive Covenants

10. Confidentiality and Announcements

11. Further Assurance

12. Assignment

13. Whole Agreement

14. Variation

15. Cost

16. Notice

17. Severance

18. Agreement Survives Completion

19. Third-party rights

20. Successors

21. Counterparts

22. Language

23. Governing law and jurisdiction

24. Binding Nature of Agreement

Schedule 1: Completion

Schedule 2: Warranties

Schedule 3: Assets Details

Jurisdiction

This agreement is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.