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Deed Of Sale Rights Only

Deed Of Sale Rights Only Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Sale Rights Only

"I need a UAE Deed of Sale Rights Only to transfer software licensing rights from my technology company to a Dubai-based distributor, with completion scheduled for March 15, 2025, including provisions for milestone-based payments."

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Document background
The Deed of Sale Rights Only is a specialized legal instrument used in the United Arab Emirates when parties wish to transfer specific rights or intangible assets without transferring physical property or other tangible assets. This document type is commonly used in commercial transactions involving intellectual property rights, contractual rights, licensing rights, or other intangible assets. The deed must comply with UAE Civil Code requirements and local commercial regulations, making it particularly important to include proper execution formalities and necessary regulatory approvals. It serves as conclusive evidence of the rights transfer and typically includes comprehensive warranties about the rights being transferred, clear mechanisms for completion, and provisions for post-completion obligations.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names and addresses

2. Background: Context of the transaction and description of the rights being sold

3. Definitions: Key terms used throughout the deed, including specific definition of the Rights being transferred

4. Sale and Transfer: Core provision detailing the transfer of rights from Seller to Buyer

5. Consideration: Details of the purchase price and payment terms

6. Completion: Specifics of when and how the transfer will be completed

7. Seller's Warranties: Warranties regarding ownership, right to sell, and nature of the rights being transferred

8. Further Assurance: Obligation to take additional steps necessary to perfect the transfer

9. Notices: How formal communications between parties should be made

10. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction

11. Execution: Formal execution blocks meeting UAE requirements for deeds

Optional Sections

1. Anti-Money Laundering Compliance: Required if transaction falls under UAE AML regulations

2. Confidentiality: Include if sensitive information is involved in the rights transfer

3. Tax Provisions: Include if there are specific tax implications or allocations

4. Assignment: Include if parties want to restrict or permit future transfers

5. Third Party Rights: Include if rights affect or can be enforced by third parties

6. Entire Agreement: Include if multiple previous documents need to be superseded

Suggested Schedules

1. Schedule 1 - Rights Description: Detailed description of the rights being sold

2. Schedule 2 - Consideration: Detailed breakdown of consideration if complex payment structure

3. Schedule 3 - Completion Requirements: Checklist of documents and actions required for completion

4. Appendix A - Related Agreements: Copies or references to related agreements affecting the rights

5. Appendix B - Powers of Attorney: If required for completion or post-completion actions

6. Appendix C - Regulatory Approvals: List of required regulatory approvals or notifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Technology

Media & Entertainment

Intellectual Property

Real Estate

Manufacturing

Financial Services

Professional Services

Healthcare

Energy

Telecommunications

Relevant Teams

Legal

Commercial

Compliance

Corporate Secretariat

Business Development

Finance

Risk Management

Intellectual Property

Relevant Roles

Legal Counsel

Commercial Director

Intellectual Property Manager

Business Development Manager

Chief Legal Officer

Contracts Manager

Compliance Officer

Corporate Secretary

Managing Director

Chief Executive Officer

Chief Financial Officer

Risk Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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