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Purchase Sale Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Purchase Sale Agreement Template

I need a Purchase Sale Agreement Template for a UAE-based technology company selling enterprise software licenses to government entities, with specific provisions for data protection, source code escrow, and ongoing maintenance services to be completed by March 2025.

What is a Purchase Sale Agreement?

This Purchase Sale Agreement Template is designed for use in the United Arab Emirates commercial context, providing a standardized framework for documenting sales transactions while ensuring compliance with UAE federal and emirate-specific laws. The template is suitable for various transaction types, from straightforward goods purchases to complex asset acquisitions, and includes provisions addressing local regulatory requirements, including Sharia compliance where necessary. It can be customized based on transaction value, complexity, and subject matter, while maintaining core elements required under UAE law. The document incorporates key provisions from the UAE Civil Code, Commercial Transactions Law, and relevant emirate-specific regulations, making it suitable for both local and international parties conducting business in the UAE.

What sections should be included in a Purchase Sale Agreement?

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

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

3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation

4. Sale and Purchase: Core transaction terms including description of goods/property being sold

5. Purchase Price: Agreed price, currency, and payment structure

6. Payment Terms: Payment schedule, method of payment, and consequences of late payment

7. Delivery and Transfer of Title: Delivery terms, timing, location, and process for transfer of ownership

8. Seller's Representations and Warranties: Seller's guarantees regarding the goods/property, ownership, and authority to sell

9. Purchaser's Representations and Warranties: Purchaser's guarantees regarding authority and capacity to purchase

10. Conditions Precedent: Conditions that must be satisfied before completion

11. Completion: Process and requirements for closing the transaction

12. Risk and Insurance: Allocation of risk and insurance requirements

13. Default and Termination: Events of default, remedies, and termination rights

14. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law

15. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

What sections are optional to include in a Purchase Sale Agreement?

1. Due Diligence: Used for complex transactions requiring detailed investigation of the goods/property

2. Intellectual Property Rights: Required when the sale involves IP assets or licensing

3. Confidentiality: Important for transactions involving sensitive commercial information

4. Post-Completion Obligations: Used when parties have continuing obligations after completion

5. Tax Provisions: Required for transactions with significant tax implications

6. Environmental Matters: Necessary for sales involving real estate or industrial equipment

7. Employees and Transfer of Staff: Required when the sale involves transfer of employees

8. Compliance with Sharia: Required for explicitly Sharia-compliant transactions

9. Force Majeure: Optional but recommended for long-term or high-value transactions

10. Anti-Money Laundering Provisions: Required for high-value transactions or real estate deals

What schedules should be included in a Purchase Sale Agreement?

1. Schedule 1 - Description of Goods/Property: Detailed technical specifications or property description

2. Schedule 2 - Purchase Price Calculation: Breakdown of purchase price components and calculations

3. Schedule 3 - Payment Schedule: Detailed payment terms and installment schedule

4. Schedule 4 - Completion Requirements: List of documents and actions required for completion

5. Schedule 5 - Form of Transfer Documents: Templates for transfer documentation

6. Schedule 6 - Disclosed Matters: List of disclosed issues affecting warranties

7. Appendix A - Required Approvals: List of regulatory or third-party approvals needed

8. Appendix B - Property Documents: Copies of relevant property documentation or certificates

9. Appendix C - Due Diligence Reports: Summary of due diligence findings if applicable

10. Appendix D - Encumbrances: List of any existing liens, charges or encumbrances

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

Relevant legal definitions














































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Relevant Industries

Real Estate

Retail

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Technology

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Relevant Teams

Legal

Procurement

Sales

Finance

Operations

Risk Management

Compliance

Business Development

Commercial

Supply Chain

Property Management

Asset Management

Contract Administration

Relevant Roles

Legal Counsel

Commercial Director

Procurement Manager

Sales Manager

Contract Administrator

Business Development Manager

Chief Financial Officer

Operations Manager

Risk Manager

Compliance Officer

General Manager

Property Manager

Asset Manager

Supply Chain Manager

Chief Executive Officer

Industries







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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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