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Seller And Buyer Agreement for United Arab Emirates

Seller And Buyer Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formalizes the terms and conditions of a sale transaction between a seller and a buyer. This agreement encompasses essential elements required under UAE Civil Code and Commercial Transactions Law, including detailed specifications of the goods or property being sold, purchase price, payment terms, delivery conditions, warranties, and the rights and obligations of both parties. The document ensures compliance with UAE consumer protection regulations and commercial practices while providing a clear framework for the transfer of ownership and risk.

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What is a Seller And Buyer Agreement?

The Seller and Buyer Agreement is a fundamental commercial document used in the United Arab Emirates to formalize sales transactions between parties. This document is essential when conducting business in the UAE market, whether for one-time sales or ongoing supply arrangements. It incorporates key requirements from UAE Civil Code, Commercial Transactions Law, and Consumer Protection Law, making it suitable for both commercial and consumer transactions. The agreement provides comprehensive coverage of sale terms, including product specifications, pricing, delivery terms, warranties, and dispute resolution mechanisms. It's particularly important in the UAE context where written contracts are strongly encouraged for enforcement purposes and where specific legal requirements must be met for various types of sales transactions.

What sections should be included in a Seller And Buyer Agreement?

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

2. Background: Context of the sale and relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Subject Matter of Sale: Detailed description of the goods or property being sold

5. Purchase Price: Agreement on price, payment terms, and payment method

6. Delivery Terms: Timing, location, and method of delivery

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: Buyer's rights to inspect goods and acceptance procedures

10. Seller's Obligations: Detailed listing of all seller's obligations under the agreement

11. Buyer's Obligations: Detailed listing of all buyer's obligations under the agreement

12. Term and Termination: Duration of agreement and circumstances for termination

13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

14. Notices: Process for formal communications between parties

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

What sections are optional to include in a Seller And Buyer Agreement?

1. Intellectual Property Rights: Required when sale involves goods with associated IP rights

2. Confidentiality: Needed when sensitive information will be exchanged during the transaction

3. Insurance: Required for high-value goods or when specific risks need to be covered

4. Export/Import Compliance: Necessary for international sales or restricted goods

5. Installation and Training: Required when goods need professional installation or user training

6. Maintenance and Support: Relevant for technical equipment or ongoing service requirements

7. Force Majeure: Optional but recommended for protection against unforeseen circumstances

8. Assignment and Subcontracting: Required when either party might need to transfer rights or obligations

9. Data Protection: Necessary when personal data is involved in the transaction

What schedules should be included in a Seller And Buyer Agreement?

1. Schedule 1 - Product Specifications: Detailed technical specifications of the goods

2. Schedule 2 - Price List: Detailed breakdown of prices if multiple items or pricing components

3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and milestones

4. Schedule 4 - Quality Standards: Specific quality requirements and standards to be met

5. Schedule 5 - Warranty Terms: Detailed warranty terms and conditions

6. Schedule 6 - Payment Schedule: Payment installments and timing if not a single payment

7. Appendix A - Required Documents: List of documents required for completion of sale

8. Appendix B - Testing Procedures: Procedures for testing and acceptance of goods if applicable

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 | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions








































Clauses









































Relevant Industries

Retail

Manufacturing

Real Estate

Consumer Goods

Electronics

Automotive

Industrial Equipment

Textiles

Food and Beverage

Construction Materials

Technology

Medical Equipment

Luxury Goods

Agriculture

Energy

Relevant Teams

Legal

Procurement

Sales

Commercial

Operations

Supply Chain

Risk and Compliance

Finance

Business Development

Contract Administration

Relevant Roles

Commercial Director

Procurement Manager

Sales Manager

Legal Counsel

Contract Administrator

Business Development Manager

Supply Chain Manager

Operations Manager

General Manager

Chief Commercial Officer

Purchasing Officer

Sales Director

Compliance Officer

Risk Manager

Trade Finance Manager

Industries





Teams

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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