As Is Sales Contract for United Arab Emirates

As Is Sales Contract Template for United Arab Emirates

An "As Is" Sales Contract under UAE law is a legally binding agreement where the buyer accepts the purchase of an asset in its current condition, with limited or no warranties from the seller beyond those mandated by UAE law. This document, governed by UAE Civil Code and relevant commercial laws, explicitly states the condition of the asset at the time of sale and includes necessary disclaimers while ensuring compliance with mandatory UAE legal requirements. It provides protection for sellers while ensuring transparency about the asset's condition for buyers, incorporating specific provisions required under UAE jurisdiction regarding contract formation, obligations, and liability limitations.

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What is a As Is Sales Contract?

The As Is Sales Contract is commonly used in the United Arab Emirates for transactions where assets are sold in their existing condition without additional warranties beyond those required by law. This document type is particularly relevant when selling used equipment, pre-owned vehicles, existing real estate, or any assets where the seller wishes to limit their liability regarding the asset's condition. The contract must comply with UAE Civil Code requirements while clearly documenting the asset's condition, known defects, and the buyer's acknowledgment of these conditions. It's essential in the UAE context as it balances the seller's need to limit liability with the buyer's right to full disclosure under UAE consumer protection laws. The document typically includes detailed asset descriptions, condition reports, and explicit acknowledgments from both parties regarding the "as is" nature of the sale.

What sections should be included in a As Is Sales Contract?

1. Parties: Identification of seller and buyer with full legal names and addresses

2. Background: Context of the sale and brief description of the asset being sold

3. Definitions: Key terms used throughout the agreement, including 'As Is' definition

4. Subject Matter of Sale: Detailed description of the asset(s) being sold

5. Purchase Price and Payment: Purchase price, payment terms, and method of payment

6. 'As Is' Condition and Disclaimer: Express statement that the asset is sold 'As Is' with buyer acknowledgment

7. Seller's Limited Representations: Basic representations about ownership and authority to sell

8. Buyer's Acknowledgments: Buyer's confirmation of inspection and acceptance of current condition

9. Transfer of Title and Risk: When and how title and risk transfer to the buyer

10. Closing and Delivery: Details of when and how the sale will be completed

11. Governing Law and Jurisdiction: Specification of UAE law and relevant jurisdiction

12. Entire Agreement: Confirmation that the document represents the complete agreement

13. Execution: Signature blocks and execution details

What sections are optional to include in a As Is Sales Contract?

1. Inspection Period: Used when buyer requires time to inspect the asset before finalizing the sale

2. Condition Report: Used for valuable assets where current condition should be documented

3. Registration and Transfer Procedures: Required for vehicles, real estate, or other registered assets

4. Environmental Matters: Needed for sales of industrial equipment or property with potential environmental impacts

5. Intellectual Property Rights: Required when the sale includes software, patents, or other IP

6. Export/Import Compliance: Needed for international sales or restricted items

7. Third Party Consents: Required when the sale needs approval from other parties

8. Post-Closing Obligations: Used when parties have remaining obligations after closing

What schedules should be included in a As Is Sales Contract?

1. Asset Description Schedule: Detailed technical specifications and current condition of the asset

2. Known Defects Schedule: List of known issues or defects in the asset

3. Price and Payment Schedule: Detailed breakdown of price and payment terms if complex

4. Delivery Schedule: Specific delivery or collection arrangements

5. Required Documents Schedule: List of documents needed for transfer of title

6. Photographs and Condition Report: Visual evidence of asset condition at time of sale

7. Regulatory Compliance Schedule: List of applicable regulations and compliance status

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Clauses
Relevant Industries

Automotive

Real Estate

Industrial Equipment

Manufacturing

Construction

Technology

Maritime

Aviation

Agriculture

Retail

Mining

Oil and Gas

Machinery and Equipment

Electronics

Furniture and Fixtures

Relevant Teams

Legal

Sales

Procurement

Commercial

Operations

Risk Management

Compliance

Asset Management

Property Management

Fleet Management

Business Development

Finance

Relevant Roles

Legal Counsel

Contract Manager

Sales Manager

Procurement Manager

Business Development Manager

Asset Manager

Operations Director

Commercial Manager

Risk Manager

Compliance Officer

Property Manager

Fleet Manager

Equipment Manager

General Manager

CEO

CFO

COO

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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