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Agreement For Sale Of Motor Vehicle
"I need an Agreement For Sale Of Motor Vehicle for my car dealership in Dubai, where we're selling a fleet of 10 luxury vehicles to a corporate client with payment in installments over 6 months starting March 2025, including dealer warranty and after-sales service provisions."
1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law
2. Background: Brief context of the sale transaction and confirmation that the Seller owns the vehicle free from encumbrances
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', and other relevant terms
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, chassis number, engine number, and registration details
5. Purchase Price and Payment: Agreed purchase price, payment terms, method of payment, and timing of payments
6. Completion and Transfer of Ownership: Process and requirements for transferring ownership, including RTA procedures and documentation
7. Seller's Warranties: Warranties regarding vehicle ownership, condition, absence of encumbrances, and compliance with UAE traffic laws
8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
9. Handover: Details of physical handover of vehicle, keys, documents, and timing
10. Governing Law and Jurisdiction: Confirmation that UAE law governs the agreement and UAE courts have jurisdiction
1. Vehicle Condition Report: Detailed section describing the current condition of the vehicle - recommended for used vehicles or high-value sales
2. Payment in Installments: Section detailing installment payment terms - used when purchase price is not paid as a single payment
3. Bank Finance: Terms relating to bank financing - included when buyer is obtaining bank finance for the purchase
4. Agency Warranty: Details of remaining manufacturer warranty - included for newer vehicles with valid warranty
5. Post-Sale Services: Any after-sale services agreed between parties - optional for dealer sales
6. Trade-In Terms: Details of any vehicle trade-in arrangement - used when part of purchase price is paid through vehicle trade-in
7. Insurance Transfer: Terms regarding transfer of existing insurance - included if existing insurance is being transferred
1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle
2. Schedule 2 - Vehicle Documents: List of all documents provided with the vehicle (registration card, service history, etc.)
3. Schedule 3 - Condition Report: Detailed report of vehicle condition including photographs
4. Schedule 4 - Payment Schedule: If applicable, detailed schedule of installment payments
5. Appendix A - RTA Requirements: Checklist of RTA requirements for vehicle transfer
6. Appendix B - Vehicle History: Vehicle history report and maintenance records
Authors
Automotive
Transportation
Fleet Management
Car Rental
Automotive Retail
Vehicle Leasing
Automotive Finance
Insurance
Logistics
Corporate Services
Private Transportation
Legal
Sales
Procurement
Operations
Finance
Compliance
Administrative Services
Risk Management
Corporate Services
Fleet Operations
Contract Management
Sales Manager
Fleet Manager
Procurement Manager
Legal Counsel
Compliance Officer
Car Dealer
Business Owner
Operations Manager
Contract Administrator
Finance Manager
Automotive Sales Executive
Corporate Services Manager
Risk Manager
Administrative Officer
Vehicle Registration Officer
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