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.
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:
2. Purchase price
3. Personal property
6. Seller’s representations
7. Risk of loss
9. Governing law
This document is intended for use in the United Arab Emirates.
- 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.