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Buy Sale Agreement Form for United Arab Emirates

Buy Sale Agreement Form Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formalizes the transfer of ownership of goods, assets, or property from a seller to a buyer. This agreement outlines the essential terms and conditions of the sale, including purchase price, payment terms, delivery arrangements, warranties, and risk transfer provisions. Compliant with UAE Civil Code and Commercial Transactions Law, it provides legal protection for both parties while ensuring clarity in commercial transactions. The document includes provisions for dispute resolution under UAE jurisdiction and incorporates necessary compliance requirements for local commercial practices.

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What is a Buy Sale Agreement Form?

The Buy Sale Agreement Form serves as a fundamental legal instrument in UAE commercial transactions, essential for documenting the transfer of ownership between parties. This document type is particularly crucial in the UAE market, where commercial transactions must comply with both Federal and Emirate-specific regulations. The agreement is designed to accommodate various transaction types, from simple goods purchases to complex asset transfers, ensuring compliance with UAE Civil Code (Federal Law No. 5 of 1985) and Commercial Transactions Law (Federal Law No. 18 of 1993). It provides a structured framework for capturing all essential elements of a sale, including detailed descriptions of the subject matter, payment terms, delivery arrangements, and warranty provisions, while incorporating necessary protections and obligations under UAE law.

What sections should be included in a Buy Sale Agreement Form?

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. Sale and Purchase: Core agreement to sell and purchase, including description of goods/property

5. Purchase Price: Amount and currency of purchase price

6. Payment Terms: Payment schedule, method, and any conditions for payment

7. Delivery: Delivery terms, timing, and location

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

9. Seller's Warranties: Standard warranties regarding ownership, condition, and quality

10. Buyer's Warranties: Warranties regarding authority to enter agreement and funding

11. Condition of Goods/Property: Description of current condition and any accepted defects

12. Termination: Circumstances allowing contract termination

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

14. Notices: Process for formal communications between parties

15. General Provisions: Standard boilerplate clauses including severability and entire agreement

What sections are optional to include in a Buy Sale Agreement Form?

1. Intellectual Property: Required for sales involving IP rights or licensed content

2. Due Diligence: For complex assets requiring investigation period

3. Conditions Precedent: When completion is subject to certain conditions being met

4. Post-Completion Obligations: For transactions requiring actions after main completion

5. Confidentiality: For transactions involving sensitive information

6. Non-Competition: When selling a business or commercial rights

7. Tax Provisions: For high-value transactions with specific tax implications

8. Insurance: When specific insurance requirements apply to the sale

9. Force Majeure: For long-term delivery obligations or complex performances

10. Assignment Rights: When transfer rights need specific regulation

What schedules should be included in a Buy Sale Agreement Form?

1. Schedule 1 - Asset Description: Detailed description of goods/property being sold

2. Schedule 2 - Payment Schedule: Detailed payment terms and installments if applicable

3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and specifications

4. Schedule 4 - Warranties: Comprehensive list of specific warranties

5. Schedule 5 - Encumbrances: List of any existing encumbrances on the property/goods

6. Schedule 6 - Required Consents: List of third-party consents needed for completion

7. Appendix A - Documents List: List of documents to be delivered at completion

8. Appendix B - Form of Transfer: Template for transfer documentation if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Document Type

Sales Contract

Sector

Sales

Cost

Free to use
Relevant legal definitions








































Clauses







































Relevant Industries

Real Estate

Retail

Manufacturing

Automotive

Technology

Consumer Goods

Industrial Equipment

Construction

Agriculture

Healthcare

Professional Services

Energy

Telecommunications

Relevant Teams

Legal

Procurement

Sales

Commercial

Finance

Operations

Risk & Compliance

Business Development

Supply Chain

Asset Management

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Sales Director

Business Development Manager

Commercial Director

Chief Financial Officer

Operations Manager

General Manager

CEO

Risk Manager

Compliance Officer

Property Manager

Asset Manager

Supply Chain 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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