The Car Buying Contract is a crucial legal document used in the United Arab Emirates for facilitating vehicle sales transactions between parties. It is designed to comply with UAE Federal Laws, including the Civil Code, Consumer Protection Law, and specific RTA regulations governing vehicle transfers. This document is essential for both private sales and dealership transactions, providing a legally binding framework that covers vehicle specifications, payment terms, warranties, and ownership transfer procedures. The contract should be used whenever a vehicle is being sold or purchased in the UAE, whether between private individuals, through dealerships, or in corporate fleet transactions. It includes provisions for various payment methods, financing options, and necessary declarations for UAE vehicle registration requirements.
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1. Parties: Identification of the seller and buyer with complete details including Emirates ID numbers
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Key terms used throughout the contract
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, and current mileage
5. Purchase Price and Payment Terms: Agreed purchase price, payment method, and payment schedule if applicable
6. Seller's Representations and Warranties: Seller's declarations regarding vehicle condition, ownership, and absence of encumbrances
7. Transfer of Ownership: Process and obligations for transferring vehicle ownership through RTA
8. Delivery Terms: Details of vehicle handover including timing and location
9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
10. Registration and Insurance: Requirements and responsibilities for vehicle registration and insurance
11. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction
12. Execution: Signature blocks and execution requirements
1. Financing Terms: Include when the purchase involves bank financing or installment payments
2. Trade-in Details: Include when there is a vehicle trade-in as part of the transaction
3. Extended Warranty: Include when an extended warranty is being purchased or provided
4. Post-Sale Services: Include when specific after-sale services or maintenance agreements are part of the deal
5. Condition Report Disclaimer: Include for used vehicles to detail known issues or defects
6. Agency Authorization: Include when either party is represented by an agent or proxy
1. Schedule 1 - Vehicle Technical Specifications: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Vehicle Condition Report: Comprehensive report on vehicle condition with photographs
3. Schedule 3 - Payment Schedule: Detailed payment terms and installments if applicable
4. Appendix A - Vehicle Registration Documents: Copies of current registration card and other official documents
5. Appendix B - Service History: Vehicle maintenance and service history records
6. Appendix C - Insurance Documents: Relevant insurance certificates and policies
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