UAE Commercial Transactions Law

Article 40 — Article (40)

Book One: Trade in General · Part Two: Business Assets, Trade Name, Unfair Competition, Trademarks and Commercial Data · Chapter One: Business Assets, Trade name and Unfair competition: Section One: Business Assets: Article (36)

1. The title to the business assets shall be transferred as between the contracting parties and with regards to third parties only from the date on which the disposition is recorded in the commercial register and a summary thereof is published according to the procedures and time limits set out in the legislation in force in the State. 2. In case the business assets include elements that are subject to specific regulations for announcement or registration, the announcement made for the disposal of the business assets shall not replace the special announcement or registration, unless the Law provides for otherwise.

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