This Truck Purchase Agreement is designed for use in the United Arab Emirates when conducting transactions involving commercial trucks. The document is essential for both commercial and individual buyers acquiring trucks for business purposes, ensuring compliance with UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) and UAE Federal Law No. 21 of 1995 (Traffic Law). The agreement covers crucial aspects including vehicle specifications, payment terms, delivery conditions, warranties, and necessary documentation for vehicle registration and transfer. It incorporates UAE-specific requirements such as ESMA certification and local technical standards, making it suitable for domestic and international transactions within UAE jurisdiction.
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1. Parties: Identification of the seller and buyer with full legal names, addresses, and registration details as per UAE requirements
2. Background: Context of the transaction and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including the specific truck(s) being sold and purchase price
5. Payment Terms: Details of payment method, timing, and any installment arrangements
6. Delivery: Terms regarding delivery location, timing, and responsibilities
7. Title and Risk: Transfer of ownership and risk provisions in accordance with UAE law
8. Seller's Representations and Warranties: Warranties regarding truck condition, ownership, and compliance with UAE regulations
9. Registration and Documentation: Requirements for vehicle registration transfer and necessary documentation under UAE traffic laws
10. Inspection and Acceptance: Procedures for inspection and acceptance of the truck
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction details
12. Force Majeure: Provisions for unforeseen circumstances affecting contract performance
13. Notices: Communication procedures between parties
14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Financing Terms: Include when purchase involves external financing or installment payments
2. Insurance Requirements: Specific insurance provisions when required by financing terms or buyer's request
3. Training and Support: Include when seller provides additional driver training or technical support
4. Maintenance Agreement: Optional terms for ongoing maintenance services
5. Trade-in Provisions: Include when transaction involves a trade-in vehicle
6. Special Usage Conditions: Include for trucks intended for specific purposes requiring special permits
7. Environmental Compliance: Include when truck requires specific environmental certifications
8. Export/Import Provisions: Include when truck will be exported/imported across UAE borders
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the truck including make, model, year, VIN, and features
2. Schedule 2 - Pricing Details: Breakdown of purchase price, taxes, fees, and any additional charges
3. Schedule 3 - Delivery Schedule: Detailed timeline for delivery and acceptance
4. Schedule 4 - Required Documentation: List of all required documents for registration and transfer in UAE
5. Schedule 5 - Warranty Terms: Detailed warranty terms and conditions
6. Appendix A - Vehicle Inspection Report: Pre-purchase inspection report and condition assessment
7. Appendix B - Registration Documents: Copies of current registration and transfer documents
8. Appendix C - Compliance Certificates: ESMA certificates and other regulatory compliance documents
Authors
Relevant legal definitions
Clauses
Relevant Industries
Transportation
Logistics
Construction
Manufacturing
Retail
Mining
Agriculture
Waste Management
Infrastructure Development
Commercial Fleet Services
Industrial Services
Import/Export
Relevant Teams
Legal
Procurement
Operations
Finance
Compliance
Sales
Supply Chain
Fleet Management
Contract Administration
Risk Management
Relevant Roles
Fleet Manager
Procurement Manager
Operations Director
Legal Counsel
Commercial Director
Supply Chain Manager
Finance Manager
Compliance Officer
Sales Manager
Business Owner
Transport Manager
Logistics Coordinator
Contract Administrator
Chief Operating Officer
Purchase Manager
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