The "As Is" Sale Contract is essential for transactions in the UAE where assets are sold in their existing condition without standard warranties. This document type is particularly relevant for used assets, distressed sales, or situations where the seller wishes to limit future liability. The contract must comply with UAE Civil Code (Federal Law No. 5 of 1985) and related commercial legislation, while balancing the seller's desire to limit liability with mandatory consumer protection requirements. An "As Is" Sale Contract typically includes detailed asset descriptions, condition reports, buyer acknowledgments, and specific disclaimers, while maintaining necessary disclosure requirements under UAE law. It's commonly used in both commercial and private transactions, requiring careful consideration of federal and emirate-specific regulations.
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1. Parties: Identification of seller and buyer with full legal names and addresses as required under UAE law
2. Background: Context of the sale and confirmation that the buyer has inspected the asset
3. Definitions: Key terms used in the agreement, including 'As Is' definition under UAE law
4. Sale and Purchase: Core transaction terms including price, payment method, and explicit 'As Is' basis of sale
5. Condition of Asset: Description of asset condition and explicit acknowledgment of 'As Is' status
6. Buyer's Acknowledgments: Buyer's confirmation of inspection and acceptance of asset condition
7. Seller's Disclosures: Known material defects that seller must disclose under UAE law
8. Transfer of Title: Provisions regarding transfer of ownership and risk
9. Completion: Details of closing process and requirements
10. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
1. Warranties: Any limited warranties that may apply despite 'As Is' sale - used when seller wishes to provide specific limited warranties
2. Registration Requirements: Required for vehicles or real estate transactions to comply with local registration laws
3. Intellectual Property: Used when the asset includes IP components
4. Inspection Period: Optional additional inspection rights - used for complex assets or when buyer requires technical evaluation
5. Export/Import Requirements: Used for international sales or when asset requires special permits
6. Maintenance Records: Used for mechanical equipment or vehicles to document history
7. Insurance Requirements: Used when asset requires insurance during transition period
8. Third Party Consents: Used when transfer requires approval from authorities or other parties
1. Asset Description Schedule: Detailed description of asset including specifications, condition reports, and photographs
2. Disclosure Schedule: List of known defects and issues disclosed by seller
3. Price and Payment Schedule: Detailed breakdown of purchase price and payment terms
4. Inspection Report: Third-party or buyer inspection findings and acknowledgments
5. Transfer Documents: Forms and documents required for legal transfer of asset
6. Existing Warranties: Any transferable third-party warranties that may exist
7. Compliance Certificates: Required regulatory or safety certificates
8. Historical Documentation: Service history, previous ownership records, and relevant documentation
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