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The Offer To Purchase And Sale Agreement is a crucial document used in UAE property transactions to formalize property sales between parties. It serves as both an initial offer and, upon acceptance, the binding agreement for the property transfer. This document is essential in the UAE real estate market, where specific legal requirements and regulations govern property transactions. It includes detailed information about the property, purchase price, payment terms, conditions precedent, and completion requirements. The agreement must comply with UAE Civil Code, local property laws, and registration requirements, making it suitable for both residential and commercial property transactions. It's particularly important in the UAE context where property transactions often involve international parties and require strict adherence to local regulations, including those related to foreign ownership and property registration.

1. Parties: Identification of the seller and purchaser with full legal names, addresses, and relevant registration details as per UAE requirements

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

3. Definitions: Definitions of key terms used throughout the agreement, including specific UAE legal and property terminology

4. Property Description: Detailed description of the property including location, size, registration details, and any included fixtures/fittings

5. Purchase Price: Specified purchase price, payment terms, deposit requirements, and payment schedule in compliance with UAE regulations

6. Payment Terms: Detailed payment structure, including deposit, installments, and final payment requirements

7. Conditions Precedent: Conditions that must be satisfied before the sale can proceed, including necessary approvals and registrations

8. Completion: Terms and process for completing the sale, including timing and requirements for transfer of ownership

9. Seller's Warranties: Warranties regarding property ownership, condition, and absence of encumbrances

10. Purchaser's Warranties: Warranties regarding capacity to purchase and financial ability

11. Property Registration: Requirements and process for registering the property transfer with relevant UAE authorities

12. Termination: Circumstances under which either party may terminate the agreement and consequences

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

14. Notices: Process for serving formal notices between parties