Skip to main content
Once you confirm your accepted offer, the transaction enters its final and most critical phase. Mumtalakat guides both parties through a structured sequence — contract drafting, dual-party signing, off-platform bank payment with documented proof, and a formal handover — so nothing is left to chance before the deal officially closes.

​
Creating the Contract (Preparing Stage)

After you confirm the accepted offer within the 7-day window, the contract enters the Preparing stage. Mumtalakat automatically generates a draft contract populated with the agreed terms — no manual drafting is required from either party. Once the draft is ready, it moves to the Signing stage.
Review the auto-generated draft carefully before signing. If you notice any discrepancy with the agreed terms, contact the owner through the platform conversation thread to resolve it before proceeding.

​
Signing the Contract

The contract signing follows a fixed order to protect both parties and ensure legal clarity.
The owner signs first, then you sign. You will not be able to sign until the owner has completed their signature. This sequence is enforced by the platform.
1

Owner Signs

The owner receives a signing request and completes their signature — either electronically within the platform or by uploading a signed PDF copy of the contract.
2

You Sign

Once the owner’s signature is recorded, you receive a notification to sign. You may sign electronically in-platform or upload a signed PDF copy.
3

Fully Executed Contract

With both signatures in place, the contract is fully executed and the payment stage begins automatically.
Electronic signing is faster and keeps everything in one place. Use the PDF upload option only if your circumstances require a wet signature.

​
Payment (Off-Platform)

Payment for business acquisitions on Mumtalakat takes place directly between buyer and seller via bank transfer — the platform does not hold, escrow, or process funds. Mumtalakat’s role is to document each step and keep a transparent record for both parties.
Payment happens by bank, directly between the two parties, entirely off-platform. Mumtalakat documents the process but never holds or intermediates funds. Always verify the bank details with the owner through the platform before initiating any transfer.
1

Receive Bank Details

After both parties have signed and the payment stage is active, the owner shares their bank account details through the platform. You will receive a notification when the details are available.
2

Transfer and Upload Proof

Transfer the agreed amount to the owner’s bank account. Once the transfer is complete, upload your payment proof (e.g., bank transfer receipt or SWIFT confirmation) directly on the platform.
3

Owner Confirms Receipt

The owner reviews the payment proof and confirms receipt of the full amount on the platform. This confirmation unlocks the handover stage.

​
Handover and Closing

With payment confirmed, the deal moves to formal handover. This is the moment ownership transitions from seller to buyer.
1

Owner Uploads Delivery Document

The owner uploads the delivery document — a formal record that the business, assets, and associated materials have been handed over to you.
2

Raise a Dispute (If Needed)

If you encounter any problem with what has been delivered — missing assets, unmet conditions, or discrepancies — you can raise a dispute through the platform before confirming receipt. Do not confirm receipt if the handover is incomplete.
3

Confirm Receipt

Once you are satisfied that everything is in order, confirm receipt on the platform. This action officially closes the deal.
Confirming receipt is final. Once you confirm, the deal is closed and the platform treats the transaction as complete. Only confirm when you are fully satisfied with the handover.

​
After Closing

The transaction is complete, but your records remain accessible in your account for future reference.

Signed Contract

A permanent copy of the fully executed contract is stored in your account and available to download at any time.

Transaction Documents

All uploaded documents — payment proof, delivery document, and NDA — are archived in the deal record on your account.

Support

If you have any post-closing questions, reach Mumtalakat Support directly from the deal page.
Download and securely store your signed contract immediately after closing. Even though Mumtalakat keeps a copy, having your own local backup is good practice for any business acquisition.