The Installment Sale Agreement Template is essential for businesses operating in the UAE that offer goods for purchase through periodic payments. This document is particularly relevant in today's market where financing options are increasingly important for both business and consumer transactions. The template is structured to comply with UAE Federal Law No. 5 of 1985 (Civil Code), Consumer Protection Law, and UAE Central Bank regulations, while maintaining Sharia compliance principles. It provides a comprehensive framework for documenting installment sales, including detailed payment terms, ownership transfer conditions, default provisions, and security arrangements. This template is adaptable for various transaction types, from consumer goods to industrial equipment, and includes necessary protections for both sellers and buyers in the UAE market.

1. Parties: Identification of seller and buyer with full legal names, addresses, and registration details if companies

2. Background: Context of the transaction and brief description of the goods being sold

3. Definitions: Key terms used throughout the agreement including 'Goods', 'Installments', 'Payment Schedule', 'Transfer Date'

4. Sale and Purchase: Core agreement for the sale and purchase of goods, including description and specifications

5. Purchase Price and Payment Terms: Total purchase price, down payment, number of installments, payment amounts and dates

6. Delivery and Acceptance: Terms regarding delivery of goods, inspection rights, and acceptance procedures

7. Title and Risk: Provisions regarding when ownership transfers and who bears risk during the installment period

8. Seller's Representations and Warranties: Warranties regarding goods' quality, condition, and fitness for purpose

9. Buyer's Obligations: Key obligations including maintenance, insurance, and usage restrictions during the installment period

10. Default and Remedies: Consequences of payment default and other breaches, including repossession rights

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

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

13. Notices: How formal communications between parties should be made and delivered

14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability