The Contract for Installment Payments is essential for transactions where buyers require flexibility to pay for goods or services over time. This document type is commonly used in the United Arab Emirates across various sectors, from retail purchases to industrial equipment acquisitions. It must comply with UAE Civil Code (Federal Law No. 5 of 1985), Commercial Transactions Law, and Sharia principles regarding interest and payment terms. The agreement typically includes detailed payment schedules, profit rate calculations, security arrangements, and remedies for default. It's particularly relevant in today's market where businesses and individuals increasingly seek flexible payment options while ensuring legal compliance and protection for all parties involved.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context of the agreement and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Details of the goods/services being sold and purchased
5. Purchase Price: Total purchase price and breakdown of the payment structure
6. Payment Terms: Detailed installment payment schedule, amounts, and payment methods
7. Profit Rate/Administrative Charges: Specification of profit rate or administrative charges (ensuring Sharia compliance)
8. Security: Details of any security or guarantee required for the installment payments
9. Title and Risk: Transfer of ownership and risk provisions
10. Default Provisions: Consequences and remedies in case of payment default
11. Representations and Warranties: Standard representations and warranties from both parties
12. Termination: Circumstances and process for early termination
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction details
1. Early Payment Provisions: Terms for early payment or early settlement of the installments
2. Insurance: Requirements for insurance of goods during the installment period
3. Assignment: Rights and restrictions regarding assignment of the agreement
4. Force Majeure: Provisions for unforeseen circumstances affecting payment capability
5. Third Party Rights: Provisions regarding rights of third parties under the agreement
6. Dispute Resolution: Alternative dispute resolution mechanisms before court proceedings
7. Electronic Payments: Specific provisions for electronic payment methods and processing
1. Payment Schedule: Detailed breakdown of installment amounts and due dates
2. Product/Service Specifications: Detailed description of goods/services being purchased
3. Security Documents: Forms of security or guarantee documents
4. Payment Processing Details: Bank account details and payment processing instructions
5. Form of Notice: Template for payment reminders and default notices
6. Calculation of Profit Rate: Methodology for calculating profit rate or administrative charges
Relevant legal definitions
Agreement
Business Day
Buyer
Completion Date
Default Event
Default Rate
Delivery Date
Down Payment
Due Date
Early Payment
Effective Date
Final Payment Date
Goods
Installment Amount
Installment Period
Payment Schedule
Profit Rate
Purchase Price
Security
Seller
Signing Date
Title Documents
Total Outstanding Amount
Transfer Date
Payment Method
Notice Period
Grace Period
Administrative Charges
Delivery Location
Guarantee
Insurance Coverage
Late Payment Charge
Payment Currency
Security Interest
Term
Business Day
Buyer
Completion Date
Default Event
Default Rate
Delivery Date
Down Payment
Due Date
Early Payment
Effective Date
Final Payment Date
Goods
Installment Amount
Installment Period
Payment Schedule
Profit Rate
Purchase Price
Security
Seller
Signing Date
Title Documents
Total Outstanding Amount
Transfer Date
Payment Method
Notice Period
Grace Period
Administrative Charges
Delivery Location
Guarantee
Insurance Coverage
Late Payment Charge
Payment Currency
Security Interest
Term
Clauses
Payment Terms
Purchase Price
Delivery
Title Transfer
Security Interest
Default
Early Payment
Insurance
Force Majeure
Representations and Warranties
Termination
Assignment
Notices
Confidentiality
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Indemnification
Interest and Charges
Risk of Loss
Documentation
Registration
Compliance with Laws
Third Party Rights
Further Assurance
Waiver
Time of Essence
Costs and Expenses
Purchase Price
Delivery
Title Transfer
Security Interest
Default
Early Payment
Insurance
Force Majeure
Representations and Warranties
Termination
Assignment
Notices
Confidentiality
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Indemnification
Interest and Charges
Risk of Loss
Documentation
Registration
Compliance with Laws
Third Party Rights
Further Assurance
Waiver
Time of Essence
Costs and Expenses
Relevant Industries
Retail
Automotive
Real Estate
Construction
Manufacturing
Consumer Goods
Industrial Equipment
Technology
Home Appliances
Furniture
Business Equipment
Heavy Machinery
Relevant Teams
Legal
Finance
Sales
Credit Control
Treasury
Risk Management
Operations
Compliance
Commercial
Collections
Accounts Receivable
Relevant Roles
Finance Manager
Legal Counsel
Commercial Director
Credit Controller
Sales Manager
Contract Administrator
Risk Manager
Treasury Manager
Collections Manager
Accounts Receivable Manager
Business Development Manager
Compliance Officer
Chief Financial Officer
Operations Manager
Find the exact document you need
Rental Agreement Payment Terms
UAE-compliant rental agreement payment terms document specifying rent payment conditions, methods, and obligations under UAE Federal and Emirates law.
find out more
Payment Agreement For Services Rendered
A UAE-governed agreement that formalizes payment terms and obligations for previously rendered services, ensuring compliance with UAE Federal Laws.
find out more
Lease Agreement Payment Terms
UAE-compliant lease agreement payment terms document detailing rent payment conditions and financial obligations under UAE federal and emirate-specific laws.
find out more
Instalment Purchase Agreement
UAE-governed agreement for the purchase of goods through structured installment payments, compliant with UAE Federal Laws and regulatory requirements.
find out more
Fee Payment Agreement
UAE-governed agreement establishing terms and conditions for structured payment obligations between parties, ensuring compliance with UAE Federal Laws.
find out more
Collection Payment Agreement Letter
A UAE-governed formal document establishing payment terms and schedules between creditor and debtor for settling outstanding debts.
find out more
Car Damage Payment Agreement
A UAE-governed agreement that establishes payment terms and conditions for vehicle damage settlement between involved parties, compliant with UAE Federal Traffic Law.
find out more
Agreement Letter For Payment Of Land
UAE-governed agreement letter specifying terms and conditions for land payment and transfer between parties.
find out more
Agreement For Advance Payment For Purchase Of Land
UAE-governed agreement establishing terms for advance payments in land purchase transactions, ensuring compliance with local property laws and protecting parties' interests.
find out more
Agreement For Advance Payment For Purchase Of Flat
A UAE-compliant agreement governing advance payments and terms for flat purchases, ensuring buyer protection and clear transaction structure.
find out more
Advance Payment Agreement Letter
A UAE-governed formal letter establishing terms and conditions for advance payments, including security arrangements and recovery terms in compliance with UAE law.
find out more
Accident Payment Agreement
A UAE law-governed agreement establishing compensation terms and payment arrangements between parties following an accident, including settlement details and release of claims.
find out more
Money Owed Contract Agreement
A UAE law-compliant agreement documenting debt obligations between parties, incorporating local legal requirements and Sharia principles.
find out more
Employee Repayment Agreement
UAE-governed agreement establishing terms for employee repayment of employer-provided benefits, training, or development costs, aligned with UAE Labor Law.
find out more
Payment Takeover Contract
A UAE-governed agreement where one party assumes the payment obligations of another party towards a creditor, subject to UAE Federal Laws and Central Bank regulations.
find out more
Settlement Agreement Payment
A UAE law-governed agreement that formalizes settlement payments between parties, incorporating local legal requirements and Sharia-compliant payment terms.
find out more
Letter Of Agreement For Payment Of Lot
A UAE-governed agreement establishing terms and conditions for lot payment and transfer between property seller and buyer.
find out more
Pay Back Agreement
UAE-governed agreement establishing terms for repayment of advanced funds, benefits, or costs, compliant with UAE Civil and Labor Laws.
find out more
Promise To Pay Loan Agreement
A UAE-governed agreement documenting a borrower's formal commitment to repay a loan under specified terms, in compliance with UAE Federal Laws and regulations.
find out more
Freelance Payment Contract
UAE-compliant contract template for establishing payment terms and conditions between clients and freelancers, aligned with UAE Federal Law and free zone regulations.
find out more
Rental Agreement Advance Payment
UAE-governed rental agreement specifying terms and conditions for advance rental payments, including payment schedules and obligations under UAE federal and emirate-specific laws.
find out more
Personal Loan Repayment Agreement
UAE-governed agreement outlining terms and conditions for personal loan repayment between a financial institution and individual borrower, compliant with UAE banking regulations and civil law.
find out more
Payment Schedule Agreement
UAE-governed agreement establishing structured payment terms and schedules between parties, including payment amounts, timelines, and enforcement mechanisms.
find out more
Pay Off Agreement
A UAE law-governed agreement that formalizes debt settlement terms between creditor and debtor, including payment arrangements and release conditions.
find out more
Partial Payment Agreement For House And Lot
UAE-governed agreement for the purchase of house and lot through installment payments, outlining payment terms and transfer conditions.
find out more
Lot Payment Agreement
UAE-governed agreement establishing terms for lot purchase and payment schedule, compliant with UAE Federal and local property laws.
find out more
Install Agreement
UAE-governed agreement setting out terms and conditions for equipment or system installation, including technical specifications, responsibilities, and compliance requirements.
find out more
Down Payment Contract
UAE-governed contract establishing terms and conditions for down payments, including payment terms, refund conditions, and parties' rights and obligations.
find out more
Delayed Payment Agreement
UAE law-governed agreement establishing structured payment terms for existing debt, including payment schedule, security arrangements, and default provisions.
find out more
Advance Payment Contract
UAE-governed contract establishing terms for advance payments, including security arrangements and recovery mechanisms, compliant with UAE legal and regulatory requirements.
find out more
Advance Payment Agreement
A UAE-law governed agreement establishing terms and conditions for advance payments, including security arrangements and repayment terms, typically used in commercial and project contexts.
find out more
Third Party Payment Contract
UAE-governed agreement establishing third-party payment arrangements and obligations, compliant with UAE Federal Law and banking regulations.
find out more
Sale Payment Agreement
A UAE-governed agreement establishing payment terms and conditions for sale transactions, ensuring compliance with UAE commercial laws.
find out more
Royalty Contract
UAE-governed agreement establishing terms for intellectual property licensing and royalty payments, compliant with UAE federal laws.
find out more
Rental Payment Agreement Letter
A UAE-compliant formal letter documenting rental payment terms and conditions between landlord and tenant, governed by UAE Federal and emirate-specific rental laws.
find out more
Promise To Pay Agreement Letter
A legally binding document under UAE law where a debtor formally commits to paying a specified debt amount according to agreed terms and conditions.
find out more
Prepayment Agreement
UAE-governed agreement setting out terms for advance payment arrangements, including security provisions and performance obligations.
find out more
Payment Release Agreement
A UAE-governed agreement that documents the terms of payment settlement and release of financial obligations between parties, ensuring compliance with UAE laws.
find out more
Partial Payment Contract
UAE-governed agreement establishing terms for structured partial payments, including payment schedules, conditions, and compliance with UAE law and Sharia principles.
find out more
Part Payment Sale Agreement
UAE-governed agreement structuring asset or goods sales through scheduled partial payments, with provisions for payment terms, ownership transfer, and security arrangements.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
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
.png)
.png)