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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. |
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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