UAE Commercial Transactions Law

Article 45 — Article (45)

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. Business assets may be mortgaged only to banks and financing institutions. 2. Where the mortgage deed does not specify the elements covered by the mortgage, it shall then only cover the trade name, the right to lease, the customers' contacts and the goodwill.

WAWhatsAppTGTelegram