Sale and Purchase of an Existing Business

Many businessmen start a business, especially in a new country, through the purchase of an existing company. In many situations, purchase of a running company’s, no matter if it is through buying of shares from an individual or an organization, requires a lot of experience in the related sphere as well as sound expertise of legal processes and possibilities. The inability to accurately evaluate a company’s economic value and its future expansion perspectives may lead to following dissatisfaction disregarding whether you are a buyer or a seller.

Several things you have to think about, when you consider Sale or Purchase of Business in UAE:

• What business is being sold/purshased and what assets is included in this deal,
• How much the business will be sold for,
• Terms of payment, protection of the seller’s interests,
• Protection of the purchaser in case of providing of initially false information about the business and other cases,
• Non-competition and non-solicitation statements.