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Sale Purchase Form Template for United Arab Emirates

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Key Requirements PROMPT example:

Sale Purchase Form

"I need a UAE Sale Purchase Form for acquiring a retail business in Dubai, including inventory and equipment valued at AED 5 million, with completion scheduled for March 2025 and payment to be made in three installments."

Document background
The Sale Purchase Form is a vital legal instrument used in the United Arab Emirates for documenting the transfer of ownership in various types of transactions. This document is essential when conducting sales of assets, property, or goods within the UAE jurisdiction, whether for commercial or private purposes. The form incorporates all necessary elements required under UAE law, including provisions from the UAE Civil Code and Commercial Transactions Law. It is structured to protect both parties' interests while ensuring compliance with local regulations, including VAT requirements and property registration procedures where applicable. The Sale Purchase Form is particularly important as it serves as official documentation of the transaction terms, conditions, and warranties, providing legal certainty and enforceability under UAE law.
Suggested Sections

1. Parties: Identification of the seller and purchaser with full legal names and details as required under UAE law

2. Background: Context of the sale and brief description of the transaction

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

4. Sale and Purchase: Core transaction terms including description of items/property being sold and purchase price

5. Payment Terms: Payment schedule, method of payment, and currency specifications

6. Completion: Details of when and how the sale will be completed, including transfer of ownership

7. Seller's Warranties: Warranties regarding ownership, condition, and quality of the sale item

8. Purchaser's Warranties: Warranties regarding capacity to purchase and fund the transaction

9. Title and Risk: When and how title and risk pass from seller to purchaser

10. Taxes and Costs: Responsibility for VAT, registration fees, and other transaction costs

11. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction

12. Notices: How formal communications between parties should be made

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

Optional Sections

1. Conditions Precedent: Used when completion is subject to certain conditions being met first

2. Due Diligence: Include when purchaser requires a due diligence period before completion

3. Installment Payments: Required when payment is to be made in multiple installments

4. Property Registration: Necessary for real estate transactions requiring registration with relevant authorities

5. Intellectual Property: Include when the sale involves transfer of IP rights

6. Employees and Personnel: Required for business sales involving transfer of employees

7. Post-Completion Obligations: Include when parties have continuing obligations after completion

8. Non-Compete Provisions: Used in business sales to restrict seller's future activities

9. Force Majeure: Optional protection against unforeseen events preventing completion

Suggested Schedules

1. Schedule 1 - Asset Description: Detailed description of items/property being sold

2. Schedule 2 - Purchase Price Breakdown: Itemized breakdown of the purchase price

3. Schedule 3 - Payment Schedule: Detailed payment terms and installment dates if applicable

4. Schedule 4 - Completion Requirements: Checklist of documents and actions required for completion

5. Schedule 5 - Warranties: Detailed warranties given by the seller

6. Schedule 6 - Encumbrances: List of any existing encumbrances on the sale items

7. Appendix A - Required Forms: Standard UAE government forms required for the transaction

8. Appendix B - Property Documents: Copies of relevant property documentation and certificates

Authors

Alex Denne

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

Relevant legal definitions

































Clauses





























Relevant Industries

Real Estate

Retail

Manufacturing

Technology

Automotive

Construction

Professional Services

Consumer Goods

Industrial Equipment

Healthcare

Hospitality

Trading & Distribution

Relevant Teams

Legal

Commercial

Procurement

Sales

Business Development

Contract Administration

Finance

Operations

Compliance

Risk Management

Property Management

Asset Management

Relevant Roles

Legal Counsel

Commercial Director

Procurement Manager

Sales Manager

Business Development Manager

Contract Administrator

Property Manager

Asset Manager

Chief Financial Officer

Operations Director

Real Estate Manager

Compliance Officer

Risk Manager

General Manager

Company Secretary

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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