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1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details
2. Background: Brief context of the sale transaction and confirmation of the Seller's ownership of the vehicle
3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, chassis number, engine number, and registration details
5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable
6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances
7. Transfer of Ownership: Process and obligations for transferring vehicle ownership through RTA
8. Completion Requirements: Actions required by both parties to complete the sale, including documentation and RTA procedures
9. Risk and Insurance: Transfer of risk and insurance responsibilities
10. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes
1. Condition Report: Detailed assessment of the vehicle's condition - recommended for used vehicles or high-value transactions
2. Payment in Installments: Terms for installment payments - required when purchase price is not paid in full at completion
3. Bank Finance: Additional terms when the purchase is financed through a bank
4. Agent Authorization: Required when either party is represented by an agent
5. Export Provisions: Additional requirements if the vehicle is intended for export
6. Trade-In Terms: Details of any vehicle trade-in arrangement
7. Post-Sale Services: Any agreed after-sales service or warranty provisions
8. Arbitration Clause: Optional dispute resolution mechanism through arbitration
1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle
2. Schedule 2 - Vehicle Condition Report: Comprehensive inspection report with photographs
3. Schedule 3 - Payment Schedule: Detailed payment terms and installment schedule if applicable
4. Schedule 4 - Required Documents: List of documents required for transfer of ownership
5. Appendix A - Vehicle Registration Card: Copy of current vehicle registration card
6. Appendix B - Service History: Vehicle service history and maintenance records
7. Appendix C - Insurance Documents: Current insurance documentation and transfer requirements
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Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is private:
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All data stored on Genie is private to your organisation
Your documents are protected:
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We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
