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Bill Of Sale Contract For Car Template for United Arab Emirates

A Bill of Sale Contract for Car is a legally binding document used in the United Arab Emirates to formalize and document the transfer of ownership of a motor vehicle from seller to buyer. This document, governed by UAE Federal Law No. 21 of 1995 (Traffic Law) and related regulations, serves as official proof of sale and includes essential details such as vehicle specifications, parties' information, purchase price, and warranties. It must comply with UAE legal requirements and RTA (Roads and Transport Authority) regulations for vehicle ownership transfer, making it a crucial document for both private and commercial vehicle transactions in the UAE.

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What is a Bill Of Sale Contract For Car?

The Bill of Sale Contract For Car is an essential legal document used in the United Arab Emirates when transferring ownership of a motor vehicle. This document is required for both private and commercial vehicle sales, serving as official evidence of the transaction and transfer of ownership. It must comply with UAE Federal Law No. 21 of 1995 (Traffic Law), UAE Federal Law No. 24 of 2006 (Consumer Protection Law), and local RTA regulations. The contract includes crucial information such as vehicle specifications, seller and buyer details, purchase price, warranties, and transfer conditions. It is particularly important for protecting both parties' interests, facilitating vehicle registration transfer, and ensuring compliance with UAE legal requirements for vehicle sales. The document is widely used by individuals, car dealerships, corporate fleet managers, and vehicle leasing companies operating in the UAE.

What sections should be included in a Bill Of Sale Contract For Car?

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

2. Background: Brief context of the sale transaction and confirmation that the Seller is the legal owner of the vehicle

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

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

5. Sale and Purchase: Core terms of the sale including purchase price, payment terms, and confirmation of transfer of ownership

6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, absence of liens, and legal right to sell

7. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition 'as is'

8. Transfer Process: Steps for completing the ownership transfer at the relevant transport authority

9. Payment Terms: Details of payment method, timing, and any installment arrangements if applicable

10. Governing Law and Jurisdiction: Confirmation that UAE law governs the agreement and jurisdiction for dispute resolution

What sections are optional to include in a Bill Of Sale Contract For Car?

1. Condition Report: Detailed description of the vehicle's current condition, recommended when selling used vehicles

2. Outstanding Loans: Details of any outstanding loans or financial obligations, required if the vehicle has existing finance

3. Insurance Transfer: Terms regarding transfer or cancellation of existing insurance, relevant when existing insurance is being handled as part of the sale

4. Maintenance History: Details of service history and maintenance records, recommended for premium or high-value vehicles

5. Export/Import Requirements: Additional requirements if the vehicle is being sold for export, needed for international sales

6. Agent Authorization: Required when either party is represented by an authorized agent

7. Payment Security: Additional terms for securing payment, recommended for high-value transactions or installment payments

What schedules should be included in a Bill Of Sale Contract For Car?

1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the vehicle including all modifications and accessories

2. Schedule 2 - Vehicle Inspection Report: Recent inspection report from authorized testing center or dealership

3. Schedule 3 - Vehicle Documents: List of all documents being transferred including registration card, service history, etc.

4. Schedule 4 - Payment Schedule: If applicable, detailed schedule of installment payments with dates and amounts

5. Schedule 5 - Photographs: Recent photographs of the vehicle showing its current condition and any damage

6. Appendix A - Required Transfer Documents: Checklist of documents required by RTA or relevant transport authority for transfer

7. Appendix B - Handover Checklist: List of items to be handed over with the vehicle (keys, documents, accessories, etc.)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Publisher

Genie AI

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use

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