sale in the event of a public or private sale, exchange, transfer or any other transfer of all or part of the assets of the enterprise for cash, for an amount deemed appropriate by the president or his agent(s); The first approach is based on the rule that “the contract is the right of the parties”. At the same time, according to the NSA, the court found that the status of the shares was contrary to what was provided for in the Memorandum of Association (MoA). He said the MoA was null and void (although it complied with the previous Corporate Act), while maintaining the validity of the NSA. A literal interpretation of the provisions of the Companies Act makes most ancillary agreements illegal and non-aeaux from the outset. Although some courts in the United Arab Emirates have recognized the existence of these agreements, there is no full judgment as to their legality or enforceability. The Court of Cassation accepted that the Court of Appeal had refrained from awarding the applicants and ordering the defendant to pay 51% of the profits made from 2004 on or after 2004. . . .