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1. Parties: Identification of the parties entering into the agreement, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement, including the purpose of the down payment and reference to the main transaction it relates to
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Down Payment Amount: Specific amount of the down payment, currency, and payment method
5. Payment Terms: Detailed terms including payment deadline, payment method, and bank account details
6. Purpose and Application: Explanation of how the down payment will be applied to the total purchase price or transaction
7. Rights and Obligations: Specific rights and obligations of both parties regarding the down payment
8. Refund Conditions: Circumstances under which the down payment would be refundable or non-refundable
9. Default and Remedies: Consequences of default by either party and available remedies
10. Governing Law: Specification of UAE law as the governing law and relevant jurisdiction
11. Notices: How and where official communications between parties should be sent
12. Entire Agreement: Confirmation that this document represents the complete agreement regarding the down payment
1. Foreign Currency Provisions: Required when the down payment is made in a currency other than AED, specifying exchange rates and currency risk allocation
2. Shariah Compliance: Required when the contract needs to comply with Islamic finance principles
3. Multiple Payment Installments: Required when the down payment is to be paid in multiple installments rather than as a single payment
4. Property Description: Required when the down payment relates to a real estate transaction
5. Force Majeure: Optional clause dealing with unforeseen circumstances that might affect the contract
6. Confidentiality: Required when sensitive commercial information is involved
7. Assignment: Required when either party needs the right to assign their rights or obligations under the agreement
8. Language Precedence: Required when the contract is in both English and Arabic, specifying which version prevails
1. Payment Schedule: Detailed breakdown of payment amounts and dates if multiple installments are involved
2. Bank Details: Complete banking information for making the down payment
3. Property Details: If related to real estate, detailed description of the property including title deed information
4. Main Agreement Terms: Key terms from the main agreement to which this down payment relates
5. Required Documents: List of documents required from either party for the down payment process
6. Authorized Signatories: List of persons authorized to act on behalf of each party regarding the down payment
Business Day
Down Payment
Effective Date
Final Payment
Governing Law
Main Contract
Payment Date
Purchase Price
Refund
Transaction
Default Event
Deposit Account
Due Date
Force Majeure
Interest Rate
Notice
Party
Property
Purchase Agreement
Related Documents
Subject Matter
Territory
UAE
Working Hours
Recitals
Definitions
Payment Terms
Payment Method
Down Payment Amount
Refund Conditions
Default
Representations and Warranties
Obligations
Conditions Precedent
Force Majeure
Notices
Assignment
Confidentiality
Governing Law
Jurisdiction
Dispute Resolution
Termination
Amendment
Entire Agreement
Severability
Counterparts
Language
Time of Essence
Further Assurance
Costs and Expenses
Waiver
Interest
Currency
Real Estate
Construction
Manufacturing
Retail
Automotive
Industrial Equipment
Luxury Goods
Commercial Property
Residential Property
Engineering
Interior Design
Technology
Heavy Machinery
Consumer Goods
Legal
Finance
Procurement
Sales
Business Development
Operations
Real Estate
Commercial
Risk Management
Compliance
Contract Administration
Treasury
Account Management
Legal Counsel
Contract Manager
Procurement Manager
Sales Director
Business Development Manager
Finance Manager
Real Estate Agent
Property Manager
Commercial Director
Operations Manager
Project Manager
Account Executive
Chief Financial Officer
Compliance Officer
Risk Manager
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