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This is a non-binding letter between two parties that enables and facilitates the ability of the Parties to negotiate in good faith the execution of a final and binding contract. This letter sets forth certain terms and conditions to be included in a future definitive purchase agreement.
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This letter doesn’t create a binding agreement between the purchaser and the seller and establishes only the basic terms to be used in a finalized contract. This letter contains the following parts: 1. Transaction 2. Purchase price 3. Personal property 4. Closing 5. Inspection 6. Seller’s representations 7. Risk of loss 8. Expenses 9. Governing law 10. Termination 11. Non-binding 12. Miscellaneous |
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Jurisdiction |
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This document is intended for use in the United Arab Emirates. |
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Before Execution |
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- 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. |
