Legal document templates

Mutual non-disclosure agreement

Effective date: [date]

Party A: [full name or company name], email: [email]
Party B: [full name or company name], email: [email]

1. Purpose
The parties will share information to evaluate a possible purchase or sale of [business or project name] (the "Purpose").

2. Confidential information
Confidential information is anything one party discloses to the other in writing, orally or electronically, including financial and revenue data, customer data, source code, trade secrets, business plans and deal terms.
It does not include information that is public through no fault of the receiving party, was already in its possession, was received from a third party without a duty of confidence, or was developed independently.

3. Obligations
The receiving party will:
- use confidential information only for the Purpose;
- not disclose it to any third party, except advisers and employees who need it for the Purpose and are bound by similar confidentiality;
- protect it with at least the care it uses for its own confidential information;
- return or destroy it when the disclosing party asks.

4. Required disclosure
If the receiving party is required by law or a competent authority to disclose confidential information, it will notify the disclosing party promptly where allowed and disclose only what is required.

5. Term
This agreement starts on the effective date. Confidentiality obligations last [number] years from the last disclosure.

6. No obligation to transact
This agreement does not oblige either party to complete any transaction.

7. Governing law
This agreement is governed by the laws of [country], and any dispute is heard by [competent court].

Signatures

Party A: ____________________   Date: __________
Party B: ____________________   Date: __________

Note: this is a general template from Safi for guidance only and is not legal advice. Review it with a lawyer before signing.

Letter of intent (non-binding)

Date: [date]

Buyer: [full name or company name], email: [email]
Seller: [full name or company name], email: [email]
Business: [business name], website: [domain]

1. Proposed transaction
The buyer intends to buy the assets of [business name] from the seller on the following preliminary terms.

2. Price
Proposed purchase price: [amount] [currency, e.g. SAR], paid in one payment at closing unless the parties agree otherwise in writing.

3. Assets included
[e.g. domain and DNS, code repository, database and customer data, payment gateway account, hosting, brand assets, social accounts, email lists]

4. Due diligence
Within [number] days of signing, the seller gives the buyer access to the information needed, including read access to the payment gateway, analytics and code.

5. Exclusivity
The seller will not negotiate with any other buyer for [number] days from signing.

6. Target closing date
[date]

7. Confidentiality
Both parties keep this letter and its contents confidential.

8. Non-binding
This letter states intent and does not oblige either party to complete the transaction, except the exclusivity and confidentiality sections, which are binding. The transaction happens only when a final asset purchase agreement is signed.

Signatures

Buyer: ____________________   Date: __________
Seller: ____________________   Date: __________

Note: this is a general template from Safi for guidance only and is not legal advice. Review it with a lawyer before signing.

Asset purchase agreement

Effective date: [date]
Closing date: [date]

Seller: [full name or company name], email: [email]
Buyer: [full name or company name], email: [email]
Business: [business name], primary domain: [domain]

1. Sale
The seller sells to the buyer, and the buyer buys, the assets listed in section 2 (the "Assets"), free of any lien or third-party right.

2. Assets
[ ] Domain and DNS
[ ] Code repository
[ ] Database and customer data
[ ] Payment gateway account or transfer of subscriptions
[ ] Hosting and infrastructure
[ ] Brand assets
[ ] Social accounts
[ ] Email lists
[ ] Other: [description]

3. Price and payment
Purchase price: [amount] [currency], paid by the buyer in one payment [at closing / through an escrow account agreed by both parties].

4. Transfer
The seller transfers the Assets within [number] days of receiving payment and provides the logins, documents and reasonable help needed to complete the transfer.

5. Seller representations
The seller confirms that:
- it is the sole owner of the Assets and has the right to sell them;
- the revenue data provided is accurate and matches the payment gateway;
- there are no pending disputes or claims about the Assets, except as disclosed in writing;
- customer data was collected and is transferred in line with applicable law, including personal data protection law where it applies.

6. Post-sale support
The seller gives the buyer reasonable support for [number] days after closing to answer questions about running the Assets.

7. Non-compete
For [number] months after closing, the seller will not launch or run a product that competes directly with the Assets.

8. Confidentiality
Both parties keep the terms of this agreement confidential, except what they agree to announce.

9. Governing law
This agreement is governed by the laws of [country], and any dispute is heard by [competent court].

Signatures

Seller: ____________________   Date: __________
Buyer: ____________________   Date: __________

Note: this is a general template from Safi for guidance only and is not legal advice. Review it with a lawyer before signing.