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As Is Sale Contract

As Is Sale Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

As Is Sale Contract

"I need an As Is Sale Contract under UAE law for the sale of used industrial equipment (three manufacturing machines) from my company to a buyer in Dubai, with completion scheduled for March 2025 and including specific provisions for technical inspection and training during handover."

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Document background
The "As Is" Sale Contract is essential for transactions in the UAE where assets are sold in their existing condition without standard warranties. This document type is particularly relevant for used assets, distressed sales, or situations where the seller wishes to limit future liability. The contract must comply with UAE Civil Code (Federal Law No. 5 of 1985) and related commercial legislation, while balancing the seller's desire to limit liability with mandatory consumer protection requirements. An "As Is" Sale Contract typically includes detailed asset descriptions, condition reports, buyer acknowledgments, and specific disclaimers, while maintaining necessary disclosure requirements under UAE law. It's commonly used in both commercial and private transactions, requiring careful consideration of federal and emirate-specific regulations.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal names and addresses as required under UAE law

2. Background: Context of the sale and confirmation that the buyer has inspected the asset

3. Definitions: Key terms used in the agreement, including 'As Is' definition under UAE law

4. Sale and Purchase: Core transaction terms including price, payment method, and explicit 'As Is' basis of sale

5. Condition of Asset: Description of asset condition and explicit acknowledgment of 'As Is' status

6. Buyer's Acknowledgments: Buyer's confirmation of inspection and acceptance of asset condition

7. Seller's Disclosures: Known material defects that seller must disclose under UAE law

8. Transfer of Title: Provisions regarding transfer of ownership and risk

9. Completion: Details of closing process and requirements

10. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

Optional Sections

1. Warranties: Any limited warranties that may apply despite 'As Is' sale - used when seller wishes to provide specific limited warranties

2. Registration Requirements: Required for vehicles or real estate transactions to comply with local registration laws

3. Intellectual Property: Used when the asset includes IP components

4. Inspection Period: Optional additional inspection rights - used for complex assets or when buyer requires technical evaluation

5. Export/Import Requirements: Used for international sales or when asset requires special permits

6. Maintenance Records: Used for mechanical equipment or vehicles to document history

7. Insurance Requirements: Used when asset requires insurance during transition period

8. Third Party Consents: Used when transfer requires approval from authorities or other parties

Suggested Schedules

1. Asset Description Schedule: Detailed description of asset including specifications, condition reports, and photographs

2. Disclosure Schedule: List of known defects and issues disclosed by seller

3. Price and Payment Schedule: Detailed breakdown of purchase price and payment terms

4. Inspection Report: Third-party or buyer inspection findings and acknowledgments

5. Transfer Documents: Forms and documents required for legal transfer of asset

6. Existing Warranties: Any transferable third-party warranties that may exist

7. Compliance Certificates: Required regulatory or safety certificates

8. Historical Documentation: Service history, previous ownership records, and relevant documentation

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Asset
As Is Condition
Business Day
Completion
Completion Date
Confidential Information
Consideration
Defects
Delivery
Delivery Location
Deposit
Effective Date
Encumbrance
Force Majeure
Governing Law
Inspection Period
Known Defects
Liabilities
Material Adverse Change
Outstanding Payment
Payment Terms
Purchase Price
Related Documents
Representatives
Sale
Seller's Disclosure
Signing Date
Specification
Term
Third Party Rights
Title Documents
Transfer Documents
UAE
UAE Business Day
Warranties
Relevant Industries

Automotive

Real Estate

Industrial Equipment

Manufacturing

Construction

Maritime

Aviation

Electronics

Machinery

Retail

Agriculture

Mining

Oil & Gas

Transportation

Telecommunications

Relevant Teams

Legal

Procurement

Sales

Operations

Risk Management

Compliance

Commercial

Finance

Business Development

Asset Management

Property Management

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Sales Manager

Business Development Manager

Asset Manager

Property Manager

Operations Manager

Commercial Director

Risk Manager

Compliance Officer

General Manager

CEO

CFO

Legal Director

Purchase Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Contains fundamental contract principles, sales provisions, and warranty obligations. Articles 489-532 specifically deal with sales contracts.
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Governs commercial sales between merchants and contains specific provisions about commercial transactions and warranties.
Consumer Protection Law (Federal Law No. 24 of 2006): Provides mandatory consumer protection provisions that cannot be contracted out of, even in 'As Is' sales.
UAE Electronic Commerce Law (Federal Law No. 1 of 2006): Relevant if the sale contract will be executed electronically or if any part of the transaction occurs online.
Local Property Laws (e.g., Dubai Law No. 7 of 2006): Relevant for real estate transactions, including registration requirements and transfer procedures if the 'As Is' sale involves property.
Federal Law No. 19 of 2016 on Commercial Fraud: Important for disclosure requirements and fraud prevention, even in 'As Is' sales where the seller must still disclose known material defects.
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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