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Offer Of Purchase And Sale
"I need an Offer of Purchase and Sale agreement for acquiring a commercial warehouse in Dubai Industrial City, with completion planned for March 2025, including specific conditions for environmental compliance and existing tenant arrangements."
1. Parties: Identification of the seller and purchaser with full legal names, addresses, and registration details if companies
2. Background: Context of the transaction and brief description of the property or assets being sold
3. Definitions: Key terms used throughout the agreement, including specific UAE legal terminology
4. Subject Matter of Sale: Detailed description of the property/assets being sold, including all relevant identification details
5. Purchase Price: Statement of the purchase price, currency, and payment terms including deposit requirements
6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default
7. Conditions Precedent: Essential conditions that must be satisfied before the sale becomes binding
8. Completion: Details of the completion process, timing, and requirements for transfer of ownership
9. Seller's Warranties: Warranties regarding ownership, authority to sell, and condition of the property/assets
10. Purchaser's Warranties: Warranties regarding authority to purchase and financial capacity
11. Default and Termination: Consequences of breach and circumstances allowing termination
12. Governing Law and Jurisdiction: Specification of UAE law and relevant emirate jurisdiction
1. Financing Conditions: Include when purchase is subject to obtaining financing, specifying conditions and deadlines
2. Due Diligence: Include when purchaser requires a due diligence period before finalizing the purchase
3. Property Inspection: Include for real estate transactions requiring physical inspection
4. Regulatory Approvals: Include when transaction requires specific government or regulatory approvals
5. Environmental Matters: Include for industrial property or when environmental issues are relevant
6. Employee Matters: Include when purchase includes transfer of employees or labor obligations
7. Intellectual Property: Include when purchase includes transfer of IP rights
8. Tax Matters: Include when specific tax considerations need to be addressed
9. Force Majeure: Include when specific force majeure provisions are needed beyond standard UAE law provisions
1. Property Description Schedule: Detailed technical description of property/assets including boundaries, specifications, or inventory
2. Payment Schedule: Detailed breakdown of payment installments and timing
3. Due Diligence Requirements: List of required documents and information for due diligence
4. Form of Transfer Deed: Template for the final transfer document required by UAE authorities
5. Encumbrances Schedule: List of any existing encumbrances, liens, or restrictions on the property
6. Required Consents: List of third-party or regulatory consents required for completion
7. Completion Checklist: List of documents and actions required for completion
Authors
Real Estate
Manufacturing
Retail
Professional Services
Industrial
Technology
Healthcare
Hospitality
Construction
Energy
Agriculture
Automotive
Education
Financial Services
Legal
Finance
Commercial
Real Estate
Operations
Compliance
Risk Management
Corporate Development
Property Management
Business Development
Procurement
Investment
Asset Management
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Commercial Director
Real Estate Manager
Property Developer
Business Development Manager
Investment Manager
Compliance Officer
Operations Director
Procurement Manager
Asset Manager
Contract Manager
Risk Manager
Corporate Secretary
Finance Director
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