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Buyer And Seller Contract Template for United Arab Emirates

This document is a comprehensive Buyer and Seller Contract governed by the laws of the United Arab Emirates, specifically incorporating provisions from the UAE Civil Code (Federal Law No. 5 of 1985) and the Commercial Transactions Law (Federal Law No. 18 of 1993). The agreement establishes the legal framework for the sale and purchase of goods or property, detailing essential elements such as payment terms, delivery conditions, warranties, and dispute resolution mechanisms. It ensures compliance with UAE regulatory requirements while protecting both parties' interests in accordance with local commercial practices and Sharia principles.

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What is a Buyer And Seller Contract?

The Buyer and Seller Contract is a fundamental legal document used in the United Arab Emirates for documenting commercial transactions between parties engaged in the sale and purchase of goods or property. This agreement is essential for businesses and individuals operating in the UAE market, providing a clear framework for commercial relationships while ensuring compliance with local laws and regulations. The document incorporates key provisions required under UAE Civil Code and Commercial Transactions Law, including detailed specifications of the sale item, payment terms, delivery conditions, and warranty provisions. It can be customized for various transaction types, from simple retail sales to complex commercial deals, while maintaining adherence to UAE legal requirements and Sharia principles. The contract serves as a vital tool for risk management and dispute prevention in commercial transactions within the UAE jurisdiction.

What sections should be included in a Buyer And Seller Contract?

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

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

3. Definitions: Definitions of key terms used throughout the agreement

4. Subject Matter of Sale: Detailed description of the goods or property being sold

5. Purchase Price and Payment Terms: Price, payment schedule, and payment methods

6. Delivery Terms: Timing, location, and method of delivery

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

8. Warranties and Representations: Warranties regarding the goods/property and parties' authority to enter into the contract

9. Inspection and Acceptance: Buyer's rights to inspect goods and acceptance procedures

10. Default and Remedies: Consequences of breach and available remedies

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

12. Force Majeure: Provisions for unforeseen circumstances preventing performance

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

14. Entire Agreement: Confirmation that the document represents the complete agreement between parties

What sections are optional to include in a Buyer And Seller Contract?

1. Quality Standards: Specific quality requirements and standards - used for technical or regulated products

2. Intellectual Property: IP rights and transfers - relevant for sales involving software, branded goods, or technology

3. Confidentiality: Provisions for protecting sensitive information - used when transaction involves proprietary information

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

5. Import/Export: International trade provisions - used for cross-border sales

6. Training and Support: Post-sale support obligations - relevant for technical equipment or systems

7. Return Policy: Terms for returns and refunds - particularly important for retail contracts

8. Compliance with Sharia: Specific provisions ensuring Sharia compliance - used when parties require Islamic finance principles

What schedules should be included in a Buyer And Seller Contract?

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

2. Schedule 2 - Price Breakdown: Itemized pricing and payment schedule

3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and locations

4. Schedule 4 - Quality Standards and Testing Procedures: Specific quality requirements and testing protocols

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

6. Appendix A - Required Documents: List of documents required for the transaction

7. Appendix B - Contact Details: Key contact persons for both parties

8. Appendix C - Acceptance Criteria: Detailed criteria for acceptance of goods

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

Cost

Free to use

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