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Contract To Sell Form

Contract To Sell Form Template for United Arab Emirates

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Key Requirements PROMPT example:

Contract To Sell Form

"I need a UAE Contract to Sell Form for a commercial property sale in Dubai, with installment payments spread over 6 months starting March 2025, including specific conditions about property maintenance during the payment period and transfer of ownership upon final payment."

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Document background
The Contract to Sell Form is a fundamental legal instrument used in the United Arab Emirates for documenting sale transactions across various sectors. This document is essential when parties wish to formalize a sale arrangement with clearly defined terms and conditions, whether for goods, equipment, or other assets. It is designed to comply with UAE Civil Code (Federal Law No. 5 of 1985) and relevant commercial regulations, making it suitable for both business-to-business and business-to-consumer transactions. The contract includes crucial elements such as party details, item specifications, pricing, payment terms, delivery arrangements, and warranty provisions, while incorporating necessary protections and remedies under UAE law. It's particularly valuable for high-value transactions or when parties need a standardized, comprehensive agreement that can be easily enforced within the UAE legal system.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, addresses, and any registration numbers

2. Background: Brief context of the sale transaction and relationship between the parties

3. Definitions: Key terms used throughout the agreement defined for clarity and consistency

4. Subject Matter of Sale: Detailed description of the goods or property being sold, including specifications and quantity

5. Purchase Price: The agreed price, currency, and payment terms

6. Payment Terms: Detailed breakdown of how and when payments will be made

7. Delivery Terms: Specifications for delivery including timing, location, and responsibility for costs

8. Title and Risk: When and how title passes to the buyer and allocation of risk

9. Warranties and Representations: Standard warranties about ownership, quality, and condition of the sale item

10. Inspection and Acceptance: Buyer's rights to inspect goods and process for acceptance or rejection

11. Termination: Circumstances under which the contract can be terminated and consequences

12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes

13. Execution: Signature blocks and execution requirements

Optional Sections

1. Condition Precedents: Conditions that must be met before the contract becomes effective, used when certain prerequisites are required

2. Installment Payment Terms: Detailed structure for installment payments, included when payment is not made in full at once

3. Security Arrangements: Details of any security or guarantee for payment, used in high-value transactions

4. Insurance: Insurance requirements and responsibilities, important for high-value goods or during transit

5. Intellectual Property: IP rights and transfers, included when the sale involves products with IP components

6. Confidentiality: Confidentiality obligations, used when sensitive information is exchanged

7. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in international sales

8. Assignment Rights: Rights to assign the contract, included when transfer rights are important to parties

Suggested Schedules

1. Schedule 1 - Product Specifications: Detailed technical specifications of the goods being sold

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and due dates

3. Schedule 3 - Delivery Schedule: Detailed timeline and logistics for delivery

4. Schedule 4 - Required Documents: List of documents required for the transaction

5. Schedule 5 - Warranty Terms: Detailed warranty terms and conditions

6. Appendix A - Inspection Protocol: Detailed procedures for inspection and acceptance

7. Appendix B - Form of Notice: Standard forms for various notices under the contract

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Acceptance
Applicable Law
Business Day
Buyer
Closing
Closing Date
Completion
Confidential Information
Contract Price
Defect
Delivery
Delivery Date
Deposit
Effective Date
Encumbrance
Force Majeure Event
Good Faith
Goods
Inspection Period
Intellectual Property Rights
Interest Rate
Liability
Loss
Material Adverse Change
Notice
Party/Parties
Payment Terms
Purchase Price
Representatives
Sale Property
Schedules
Seller
Specifications
Term
Territory
Title
Transaction
Transfer
UAE
Warranties
Working Hours
Clauses
Identification of Parties
Recitals
Definitions
Subject Matter of Sale
Purchase Price
Payment Terms
Delivery
Title and Risk
Representations and Warranties
Condition of Goods
Inspection Rights
Transfer of Ownership
Security Interest
Default
Remedies
Force Majeure
Termination
Insurance
Confidentiality
Assignment
Notices
Amendments
Severability
Entire Agreement
Waiver
Costs and Expenses
Governing Law
Dispute Resolution
Language
Counterparts
Compliance with Laws
Further Assurance
Time of Essence
Indemnification
Limitation of Liability
Relevant Industries

Retail

Real Estate

Manufacturing

Automotive

Consumer Goods

Industrial Equipment

Electronics

Furniture

Construction Materials

Luxury Goods

Agricultural Products

Medical Equipment

Technology

Telecommunications

Relevant Teams

Legal

Sales

Procurement

Commercial

Operations

Finance

Compliance

Risk Management

Business Development

Contract Management

Supply Chain

Property Management

Relevant Roles

Sales Manager

Procurement Manager

Contract Administrator

Legal Counsel

Business Development Manager

Commercial Director

Operations Manager

Chief Financial Officer

Compliance Officer

Risk Manager

Property Manager

Retail Manager

Supply Chain Manager

General Manager

Chief Executive Officer

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Provides the fundamental principles of contract formation, validity requirements, terms and conditions, rights and obligations of contracting parties, and remedies for breach of contract
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Governs commercial sales and transactions between merchants, including provisions on commercial contracts, obligations, and remedies
Consumer Protection Law (Federal Law No. 24 of 2006): Relevant if the sale is B2C, protecting consumer rights and establishing obligations for suppliers and merchants
Property Law (Various Emirates' Laws): Local emirate-specific property laws governing the sale and transfer of property, particularly relevant if the contract involves real estate
Electronic Transactions and Commerce Law (Federal Law No. 1 of 2006): Relevant if the contract will be executed electronically or if any part of the transaction will be conducted online
UAE Registration Laws: Requirements for registering sales contracts with relevant authorities, especially for certain types of goods like vehicles or real estate
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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