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Partnership Transfer Agreement

Partnership Transfer Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Partnership Transfer Agreement

I need a Partnership Transfer Agreement for transferring a 40% partnership interest in our UAE-based construction company to a German investor, with completion planned for March 2025, ensuring compliance with UAE foreign ownership regulations.

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Document background
The Partnership Transfer Agreement is a critical document used when transferring ownership interests in a partnership operating within the United Arab Emirates. It is particularly relevant when partners wish to exit the business, new partners are being introduced, or ownership restructuring is required. The agreement must comply with UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and other relevant UAE regulations, including specific requirements for foreign ownership and local partner participation. The document covers essential elements such as transfer mechanics, consideration, regulatory approvals, and partner obligations, while addressing UAE-specific requirements like economic department registrations and documentary requirements. This agreement is crucial for ensuring a legally compliant and smooth transition of partnership interests while protecting all parties' rights under UAE law.
Suggested Sections

1. Parties: Identification of the Transferor Partner(s), Transferee(s), and Continuing Partner(s) with full legal details

2. Background: Context of the partnership, reason for transfer, and current ownership structure

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Transfer of Partnership Interest: Details of the partnership interest being transferred, including percentage and rights

5. Consideration: Purchase price, payment terms, and any adjustments

6. Completion: Timing and mechanics of the transfer completion, including conditions precedent

7. Regulatory Compliance: Requirements for UAE authorities' approvals and registrations

8. Representations and Warranties: Standard and specific warranties from all parties

9. Pre-Completion Obligations: Obligations of parties before transfer completion

10. Post-Completion Obligations: Obligations after transfer, including transitional arrangements

11. Liability and Indemnification: Allocation of liabilities and indemnification provisions

12. Confidentiality: Protection of confidential information and trade secrets

13. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Employee Matters: Required if transfer affects employment relationships or requires staff transfers

2. Intellectual Property: Needed if specific IP rights are involved in the transfer

3. Non-Compete and Non-Solicitation: Include if restrictions on future business activities are required

4. Continuing Guarantees: Required if existing guarantees need to be addressed or new ones provided

5. Tax Matters: Include if specific tax implications need to be addressed

6. Outstanding Liabilities: Required if there are specific pre-existing liabilities to be allocated

7. Business Assets: Include if specific tangible assets are part of the transfer

8. Dispute Resolution: Optional detailed ADR procedures beyond standard jurisdiction clause

Suggested Schedules

1. Partnership Interest Details: Detailed description of the partnership interest being transferred

2. Consideration Calculation: Detailed breakdown of purchase price and payment terms

3. Company Information: Partnership registration details, licenses, and certificates

4. Required Consents: List of required regulatory and third-party consents

5. Completion Obligations: Detailed list of actions required at completion

6. Existing Contracts: List of material contracts affected by the transfer

7. Property Schedule: Details of any real property owned or leased by the partnership

8. Form of Transfer Instruments: Templates for transfer documents required by UAE authorities

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
Relevant legal definitions








































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Relevant Industries

Professional Services

Real Estate

Construction

Trading

Hospitality

Manufacturing

Retail

Technology

Consulting

Healthcare

Financial Services

Transportation & Logistics

Relevant Teams

Legal

Finance

Compliance

Corporate Secretariat

Risk Management

Business Development

Executive Leadership

Commercial Operations

Corporate Governance

Regulatory Affairs

Relevant Roles

Managing Partner

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Corporate Lawyer

Business Development Manager

Partnership Manager

Compliance Officer

Company Secretary

Finance Director

Commercial Director

Business Owner

Managing Director

Legal Director

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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