Private Sale Contract for United Arab Emirates

Private Sale Contract Template for United Arab Emirates

This document serves as a comprehensive template for private sale transactions in the United Arab Emirates, structured in accordance with UAE Civil Code (Federal Law No. 5 of 1985) and related commercial legislation. The template provides a framework for documenting the sale of goods or assets between private parties, whether individuals or businesses, incorporating essential elements required under UAE law including clear identification of parties, detailed description of sale items, pricing terms, delivery conditions, and warranty provisions. It includes both mandatory and optional clauses to accommodate various types of private sales while ensuring legal compliance and protection for all parties involved.

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What is a Private Sale Contract?

The Private Sale Contract Template is designed for use in the United Arab Emirates to facilitate private sale transactions between parties, whether individuals or businesses. This template is specifically structured to comply with UAE Civil Code requirements and related commercial legislation, making it suitable for various types of asset or goods sales. It includes essential sections covering party identification, sale terms, payment conditions, delivery requirements, and warranties, along with optional sections that can be customized based on specific transaction needs. The template is particularly valuable for transactions requiring formal documentation and legal protection, incorporating best practices from UAE commercial law while remaining adaptable to different sale scenarios.

What sections should be included in a Private Sale Contract?

1. Parties: Identification of seller and buyer with full legal names and addresses

2. Background: Context of the sale and brief description of the transaction

3. Definitions: Key terms used throughout the agreement

4. Subject Matter of Sale: Detailed description of the item(s) being sold

5. Purchase Price: Amount, currency, and payment terms

6. Payment Terms: Schedule of payments, method of payment, and payment conditions

7. Delivery: Timing, location, and method of delivery

8. Title and Risk: Transfer of ownership and risk in the goods

9. Seller's Warranties: Warranties regarding ownership, condition, and quality of goods

10. Buyer's Obligations: Responsibilities of the buyer including inspection and acceptance

11. Termination: Circumstances under which the contract may be terminated

12. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction details

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

14. Entire Agreement: Contract represents complete understanding between parties

What sections are optional to include in a Private Sale Contract?

1. Condition Precedents: Include when sale is subject to specific conditions being met before completion

2. Installation: Include when seller is responsible for installing the sold item

3. Training: Include when seller must provide training on use of sold item

4. Intellectual Property: Include when sale involves transfer of IP rights

5. Confidentiality: Include when sensitive information will be shared during transaction

6. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

7. Insurance: Include when specific insurance requirements apply during transition period

8. Maintenance and Support: Include when post-sale support is part of agreement

What schedules should be included in a Private Sale Contract?

1. Schedule 1 - Product Specification: Detailed technical specifications of items being sold

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

3. Schedule 3 - Delivery Schedule: Detailed timeline for delivery if multiple items/phases

4. Schedule 4 - Warranty Terms: Detailed warranty conditions and procedures

5. Appendix A - Condition Report: Current condition of items being sold if pre-owned

6. Appendix B - Required Documents: List of documents to be provided with the sold items

7. Appendix C - Acceptance Criteria: Specific criteria for accepting the goods

8. Appendix D - Registration Documents: Copies of relevant registration or ownership documents

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

Publisher

Genie AI

Document Type

Sales Contract

Sector

Sales

Cost

Free to use
Relevant legal definitions
Relevant Industries

Retail

Manufacturing

Automotive

Real Estate

Technology

Consumer Goods

Industrial Equipment

Luxury Goods

Art and Collectibles

Electronics

Furniture and Home Goods

Medical Equipment

Agricultural Equipment

Construction Equipment

Relevant Teams

Legal

Sales

Procurement

Commercial

Operations

Risk and Compliance

Finance

Business Development

Contract Administration

Asset Management

Relevant Roles

Legal Counsel

Contract Manager

Sales Manager

Procurement Manager

Business Development Manager

Commercial Director

Operations Manager

General Manager

CEO

Managing Director

Risk Manager

Compliance Officer

Finance Manager

Asset Manager

Industries
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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