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Old Vehicle Sale Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formalizes the sale and purchase of a used vehicle between two parties. This agreement complies with UAE Federal Traffic Law and relevant emirate-specific regulations, detailing the vehicle's specifications, condition, and sale terms. It includes essential provisions for ownership transfer, seller warranties, and buyer acknowledgments, while ensuring adherence to local registration requirements and consumer protection laws. The document serves as both a record of the transaction and a legally binding agreement that protects the interests of both parties in the UAE jurisdiction.

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What is a Old Vehicle Sale Agreement?

The Old Vehicle Sale Agreement is a crucial legal document used in the United Arab Emirates for documenting the transfer of ownership of used vehicles. This agreement is essential for both private sales and commercial transactions, ensuring compliance with UAE Federal Traffic Law, Consumer Protection Law, and relevant emirate-specific regulations. It should be used whenever a used vehicle is being sold, whether between private individuals or commercial entities. The document includes comprehensive details about the vehicle, parties involved, purchase price, payment terms, and specific conditions of the sale. It also addresses the vehicle's condition, known defects, and the process for ownership transfer through the relevant traffic department. This agreement is particularly important in the UAE context, where specific documentation and procedures are required for vehicle ownership transfer and registration.

What sections should be included in a Old Vehicle Sale Agreement?

1. Parties: Identification and details of the Seller and Buyer, including full names, Emirates ID numbers, and contact information

2. Background: Brief context of the sale transaction and confirmation that the Seller owns the vehicle

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, chassis number, engine number, and registration details

5. Purchase Price: Agreed purchase price and payment terms including method and timing of payment

6. Seller's Representations: Seller's warranties regarding vehicle ownership, condition, and absence of encumbrances

7. Transfer of Ownership: Process and obligations for transferring vehicle ownership through the relevant traffic department

8. Vehicle Condition: Statement of the vehicle's current condition and acknowledgment of its 'as-is' sale status

9. Completion Requirements: Steps to be taken by each party to complete the sale, including documentation and registration requirements

10. Governing Law and Jurisdiction: Confirmation that the agreement is governed by UAE law and specification of jurisdiction for disputes

What sections are optional to include in a Old Vehicle Sale Agreement?

1. Payment Plan: Details of installment payments if the purchase price is not paid in full at completion

2. Known Defects: Specific listing of known mechanical issues or damage, used when the vehicle has documented problems

3. Post-Sale Obligations: Any agreements about post-sale repairs or maintenance, used when seller agrees to specific fixes

4. Insurance Transfer: Provisions regarding transfer or cancellation of existing insurance, used when existing insurance policy is involved

5. Third-Party Rights: Provisions regarding any third-party interests or claims, used when relevant

6. Export Provisions: Special provisions if the vehicle is intended for export, including required documentation

What schedules should be included in a Old Vehicle Sale Agreement?

1. Vehicle Inspection Report: Recent technical inspection report from authorized testing center

2. Vehicle History Report: Detailed service history and accident report if available

3. Photographic Schedule: Current photographs of the vehicle showing its condition and any damage

4. Maintenance Records: Details of past maintenance and repairs

5. List of Accessories: Inventory of additional features and accessories included in the sale

6. Payment Schedule: If applicable, detailed breakdown of installment payments and due dates

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

Document Type

Use Agreement

Cost

Free to use

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