The On Sale Agreement is a fundamental commercial document used in the United Arab Emirates to formalize sales transactions between parties. It is particularly relevant when businesses or individuals need to document the transfer of goods or assets with clearly defined terms and conditions. This agreement type is structured to comply with UAE federal laws, including the UAE Civil Code (Federal Law No. 5 of 1985) and the Commercial Transactions Law (Federal Law No. 18 of 1993), making it suitable for both domestic and international transactions within the UAE jurisdiction. The document typically includes comprehensive details about the sale object, pricing, payment terms, delivery arrangements, warranties, and risk allocation, while incorporating necessary provisions to protect both parties' interests and ensure legal enforceability under UAE law.
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1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and registration details
2. Background: Context of the sale, including brief description of the business relationship and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including description of goods/assets being sold
5. Purchase Price: Details of the purchase price, payment terms, and payment method
6. Delivery: Terms and conditions for delivery, including timing, location, and shipping arrangements
7. Title and Risk: Transfer of ownership and risk in the goods
8. Warranties and Representations: Standard warranties regarding ownership, quality, and condition of goods
9. Inspection and Acceptance: Procedures for inspecting and accepting the goods
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction details
12. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Intellectual Property Rights: Include when the sale involves transfer of IP rights or licensing
2. Confidentiality: Include when sensitive information will be exchanged during the transaction
3. Export Control: Include for international sales or restricted goods
4. Training and Support: Include when seller must provide training or ongoing support
5. Insurance: Include when specific insurance requirements apply to the goods
6. Force Majeure: Include when there's need to address potential extraordinary circumstances
7. Anti-Money Laundering: Include for high-value transactions or when required by UAE regulations
8. Compliance with Regulations: Include when specific regulatory compliance is required
1. Schedule 1 - Product Specifications: Detailed technical specifications of the goods being sold
2. Schedule 2 - Price List and Payment Schedule: Detailed breakdown of prices and payment milestones
3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and locations
4. Schedule 4 - Warranty Terms: Detailed warranty terms and conditions
5. Schedule 5 - Quality Standards: Applicable quality standards and certification requirements
6. Appendix A - Required Documentation: List of required certificates, permits, and documentation
7. Appendix B - After-Sales Service Terms: Details of any after-sales service arrangements
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Technology
Construction
Automotive
Consumer Goods
Industrial Equipment
Electronics
Real Estate
Energy
Healthcare
Telecommunications
Relevant Teams
Legal
Commercial
Sales
Procurement
Business Development
Compliance
Risk Management
Finance
Supply Chain
Operations
Relevant Roles
Legal Counsel
Commercial Director
Sales Manager
Procurement Manager
Business Development Manager
Contract Administrator
Chief Operating Officer
Compliance Officer
Risk Manager
Finance Manager
Supply Chain Manager
General Manager
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