Conditional Deed Of Sale Of Motor Vehicle Template for United Arab Emirates

The Conditional Deed of Sale of Motor Vehicle is a specialized agreement used in the United Arab Emirates when transferring ownership of a vehicle subject to specific conditions that must be fulfilled before the sale becomes final. This document is particularly useful when the completion of the sale depends on factors such as payment installments, vehicle inspections, or regulatory approvals. The agreement ensures compliance with UAE Federal Law No. 21 of 1995 (Traffic Law) and related regulations, incorporating mandatory requirements for vehicle registration and transfer through the Roads and Transport Authority (RTA). It provides comprehensive protection for both parties by clearly defining the conditions precedent, payment terms, warranties, and completion procedures, while addressing specific UAE requirements for vehicle documentation and ownership transfer.

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details

2. Background: Brief context of the transaction and acknowledgment of the parties' intention to enter into a conditional sale agreement

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', and 'Conditions Precedent'

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and current registration details

5. Sale and Purchase: Core agreement to sell and purchase the vehicle subject to conditions

6. Purchase Price: Agreed purchase price, payment structure, and payment methods

7. Conditions Precedent: Specific conditions that must be met before the sale becomes final

8. Completion: Process and requirements for completing the sale and transfer of ownership

9. Seller's Warranties: Warranties regarding vehicle ownership, condition, and absence of encumbrances

10. Buyer's Warranties: Warranties regarding ability to purchase and compliance with laws

11. Risk and Insurance: Transfer of risk and insurance requirements during the conditional period

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes