Buyer Cancellation Of Purchase Agreement Form for United Arab Emirates

Buyer Cancellation Of Purchase Agreement Form Template for United Arab Emirates

A standardized legal document governed by UAE law that facilitates the formal cancellation of a purchase agreement between a buyer and seller. This document complies with UAE Federal Law No. 24 of 2006 (Consumer Protection Law) and UAE Federal Law No. 5 of 1985 (Civil Code), outlining the terms and conditions for contract termination, refund procedures, and mutual release of obligations. It includes provisions for both physical and online purchases, incorporating specific requirements for different types of goods and services while ensuring protection of both parties' rights under UAE jurisdiction.

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What is a Buyer Cancellation Of Purchase Agreement Form?

The Buyer Cancellation Of Purchase Agreement Form is a critical legal document used in the United Arab Emirates when a buyer wishes to formally terminate a purchase agreement. This document becomes necessary in various scenarios, including cancellations during cooling-off periods, cases of product defects, or when mutually agreed termination is desired. The form must comply with UAE Federal Laws, particularly the Consumer Protection Law and Civil Code, and includes essential details such as party information, cancellation grounds, refund terms, and mutual releases. It's designed to protect both buyer and seller interests while ensuring smooth transaction termination. The document is particularly relevant in today's market where both traditional and e-commerce transactions require clear cancellation procedures that align with UAE legal requirements.

What sections should be included in a Buyer Cancellation Of Purchase Agreement Form?

1. Parties: Full identification of buyer and seller, including names, addresses, and contact details

2. Background: Brief description of the original purchase agreement, including date, subject matter, and purchase price

3. Definitions: Key terms used in the cancellation form including 'Original Agreement', 'Cancellation Date', 'Refund Amount'

4. Cancellation Declaration: Formal statement of the buyer's intention to cancel the purchase agreement

5. Reason for Cancellation: Statement of the grounds for cancellation as per UAE Consumer Protection Law

6. Refund Terms: Details of the refund amount, method, and timeline for reimbursement

7. Return of Goods: Procedures and conditions for returning purchased items, if applicable

8. Mutual Release: Statement releasing both parties from obligations under the original agreement

9. Governing Law: Confirmation that the cancellation is governed by UAE law

10. Execution: Signature blocks for both parties

What sections are optional to include in a Buyer Cancellation Of Purchase Agreement Form?

1. Cooling-Off Period Declaration: Required only if cancellation is made within the statutory cooling-off period

2. Defect Description: Include when cancellation is due to product defects or non-conformity

3. Third Party Authorization: Required if either party is acting through an authorized representative

4. Partial Cancellation Terms: Include when only part of the purchase is being cancelled

5. Electronic Transaction Details: Required for online purchases, including transaction ID and platform details

What schedules should be included in a Buyer Cancellation Of Purchase Agreement Form?

1. Original Purchase Agreement: Copy of the original purchase agreement being cancelled

2. Proof of Purchase: Receipts, invoices, or other evidence of the original transaction

3. Product Condition Report: If goods are being returned, documentation of their current condition

4. Defect Evidence: Photos or technical reports if cancellation is due to product defects

5. Authorization Documents: Power of attorney or authorization letters if relevant

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

Cancellation Letter

Sector

Sales

Cost

Free to use
Relevant Industries

Retail

E-commerce

Real Estate

Automotive

Consumer Electronics

Furniture and Home Goods

Luxury Goods

Fashion and Apparel

Construction Materials

Home Appliances

Relevant Teams

Legal

Customer Service

Sales

Compliance

Operations

Risk Management

Returns Processing

Contract Administration

Retail Operations

E-commerce Operations

Relevant Roles

Legal Counsel

Retail Manager

Customer Service Manager

Sales Director

Compliance Officer

Contract Administrator

Consumer Rights Officer

Operations Manager

E-commerce Manager

Risk Manager

Customer Experience Director

Store Manager

Returns Department Supervisor

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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