UAE Commercial Transactions Law

Article 57 — Article (57)

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) · Section Two: Trade Name: Article (53)

1. A trade name may not be disposed of separately from the business assets allocated for such trade name, unless otherwise is provided by any other legislation. 2. However, in case the owner of the business assets disposes thereof, such disposition shall not include the trade name, unless it is explicitly or implicitly provided as such. 3. The person to whom the ownership of the business assets is transferred, excluding its trade name, shall not be liable for the obligations of his predecessor, unless there is an agreement to the contrary recorded in the commercial register.

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