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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.
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.
Before Execution
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