icon

Board Minutes – Approval of Acquisition

document

Board Minutes – Approval of Acquisition

Basic Info

  • Applicable Region UAE
  • Available Languages
    English & Arabic
  • Document No 0000758
  • Version V 1.0
  • Last Updated 02-26-2024
  • Reviews 0
Document Summary

This board resolution records the approval of an acquisition by a company of the entire issued share capital of a target company, authorizing the directors to give effect to the acquisition on the terms set out in the share sale and purchase agreement.

Description

Generally, the first step to an acquisition of a target company is conducting a due diligence procedure to see where the target company stands financially, to assess the quality of its technology and intellectual property, to determine the customer base, and furthermore.

Jurisdiction

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

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

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.