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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.
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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 |
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Jurisdiction |
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This agreement 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. |
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.
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