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Basic Purchase And Sale Agreement

Basic Purchase And Sale Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Basic Purchase And Sale Agreement

"I need a Basic Purchase and Sale Agreement for selling industrial machinery to a UAE-based company, with delivery scheduled for March 2025, including warranty terms and after-sales support provisions."

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Document background
The Basic Purchase And Sale Agreement is a fundamental commercial document used in the United Arab Emirates for transactions involving the transfer of goods or assets between parties. This template is designed to comply with UAE Civil Code (Federal Law No. 5 of 1985) and Commercial Transactions Law (Federal Law No. 18 of 1993), making it suitable for both domestic and international transactions within UAE jurisdiction. The agreement is typically used when parties need a straightforward but comprehensive framework for a sale transaction, covering essential elements such as product specifications, pricing, delivery terms, warranties, and risk transfer. It can be customized for various industries while maintaining compliance with UAE legal requirements, including provisions for Arabic/English language requirements and Sharia law principles where relevant. This document serves as a crucial tool for businesses engaged in regular commercial transactions in the UAE market.
Suggested Sections

1. Parties: Identification of buyer and seller 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: Key terms used throughout the agreement, including specific UAE legal terminology where relevant

4. Subject Matter of Sale: Detailed description of goods/assets being sold, including specifications and quantity

5. Purchase Price: Amount, currency, and payment terms including VAT considerations as per UAE law

6. Payment Terms: Payment schedule, method of payment, and banking details

7. Delivery Terms: Timing, location, and method of delivery, including risk transfer provisions

8. Title and Risk: Point of transfer of ownership and risk in accordance with UAE Civil Code

9. Warranties and Representations: Standard warranties about ownership, quality, and condition of goods

10. Inspection and Acceptance: Buyer's rights to inspect goods and acceptance procedures

11. Termination: Circumstances allowing contract termination and consequences

12. Governing Law and Jurisdiction: Explicit reference to UAE law and jurisdiction of UAE courts

13. Force Majeure: Events excusing performance under UAE law

14. Notices: Communication methods and addresses for formal notices

15. Execution: Signature blocks and execution requirements as per UAE law

Optional Sections

1. Import/Export Requirements: Required for international sales, including customs and documentation requirements

2. Insurance: Insurance requirements when significant value goods are involved

3. Intellectual Property: Required when the sale involves products with IP components

4. Confidentiality: Required for transactions involving sensitive commercial information

5. Assignment: Include when transfer rights need to be restricted

6. Dispute Resolution: Alternative dispute resolution procedures, required for complex transactions

7. Language Precedence: Required when agreement is in both Arabic and English

8. Training and Support: Required for technical equipment or complex products

9. Compliance with Laws: Required for regulated products or specific industry requirements

Suggested Schedules

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

2. Schedule 2 - Pricing Structure: Detailed breakdown of prices, including any volume discounts or special terms

3. Schedule 3 - Delivery Schedule: Detailed timeline for delivery if multiple shipments are involved

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

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

6. Appendix A - Required Documents: List of documents required for the transaction (e.g., certificates of origin, quality certificates)

7. Appendix B - Testing Procedures: Detailed procedures for product testing and acceptance

8. Appendix C - After-Sales Support: Details of any after-sales service or support provisions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



























Clauses






























Relevant Industries

Retail

Manufacturing

Wholesale Trade

Information Technology

Construction

Automotive

Consumer Goods

Industrial Equipment

Electronics

Food and Beverage

Textiles

Healthcare

Logistics

Real Estate

Energy

Relevant Teams

Legal

Procurement

Sales

Finance

Operations

Supply Chain

Compliance

Commercial

Business Development

Contract Administration

Relevant Roles

Procurement Manager

Sales Director

Commercial Manager

Legal Counsel

Supply Chain Manager

Business Development Manager

Contract Administrator

Chief Financial Officer

Operations Manager

Purchasing Officer

Sales Executive

Compliance Officer

General Manager

Finance Director

Chief Executive Officer

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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