Document background
The Letter Of Intent To Sell Business Template is a crucial document used in the initial stages of business sale transactions in the United Arab Emirates. It serves as a formal expression of interest between parties and outlines the fundamental terms of the proposed transaction. This document is typically used after initial discussions but before detailed due diligence and final negotiations begin. It must comply with UAE federal laws and emirate-specific regulations, including requirements related to foreign ownership, commercial licensing, and business transfer procedures. The template includes provisions for confidentiality, exclusivity periods, due diligence processes, and preliminary price discussions, while remaining generally non-binding to allow flexibility in final negotiations. It's particularly important in the UAE context where business transactions often require multiple regulatory approvals and must consider local ownership requirements.
