Non-Binding Letter of Intent – Acquisition of Shares

Document Summary

This letter of intent is a non-binding document that records the preliminary agreement of the parties to negotiate possible purchase of a company’s equity.

Each party has the right to cease discussions and negotiations without any obligation to sign the final contract.

Description

Some provisions survive termination of this Letter of Intent, such as confidentiality.

After signing the letter of intent, the parties commence the due diligence process.

This Non-Binding Letter of Intent contains the following:

• Transaction Overview and Structure
• Illustrative Timeline
• Due Diligence Process
• Exclusivity & Confidentiality
• Non-Binding Commitment

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• 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.