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Gift Agreement Between Individuals

Gift Agreement Between Individuals Generator for United Arab Emirates

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Gift Agreement Between Individuals

"I need a Gift Agreement Between Individuals for transferring my Dubai Marina apartment to my daughter, with the handover planned for March 2025, including all necessary provisions for property registration under UAE law."

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Document background
The Gift Agreement Between Individuals is a crucial document in the United Arab Emirates legal framework, designed to formalize and document gratuitous transfers of property or assets between individuals. It serves as essential documentation for valuable gifts, ensuring compliance with UAE Civil Code (Federal Law No. 5 of 1985) and Islamic law principles. The agreement is particularly important for high-value gifts, real estate transfers, or situations requiring official registration. It includes comprehensive details about the gift, parties involved, delivery arrangements, and any conditions attached to the gift. This document type is commonly used in family wealth transfers, cultural gift-giving practices, and situations where formal documentation of a gift is necessary for legal or tax purposes. The agreement helps prevent future disputes by clearly documenting the donor's intention and the recipient's acceptance, while ensuring adherence to UAE legal requirements for gift transfers.
Suggested Sections

1. Parties: Identification of the donor and recipient, including full legal names, Emirates ID numbers, and contact details

2. Background: Context of the gift-giving, relationship between parties, and general purpose of the gift

3. Definitions: Key terms used in the agreement, including definition of the Gift, Delivery Date, and other relevant terms

4. Gift Details: Precise description of the gift, including all relevant characteristics, specifications, or identifying features

5. Declaration of Gift: Clear statement of donor's intention to give and recipient's acceptance of the gift

6. Delivery: Terms and method of delivery or transfer of the gift to the recipient

7. Acknowledgment: Recipient's acknowledgment of receiving the gift and donor's acknowledgment of transferring ownership

8. Representations and Warranties: Donor's confirmation of ownership and right to give the gift, free from encumbrances

9. Governing Law: Confirmation that UAE law governs the agreement and reference to relevant UAE Civil Code provisions

10. Execution: Signature blocks for both parties and witnesses if required

Optional Sections

1. Conditions: Used when the gift is subject to specific conditions as permitted under UAE law

2. Temporary Possession: Include when donor retains temporary possession of the gift after the agreement

3. Registration Requirements: Required for gifts of real estate or certain valuable movable assets

4. Tax Implications: Include when there are specific tax considerations, especially for high-value gifts

5. Dispute Resolution: Optional clause for specifying method of resolving any disputes

6. Language: Required when agreement is bilingual Arabic/English, specifying prevailing language

7. Religious Considerations: Include when gift is made in accordance with Islamic principles or has religious significance

Suggested Schedules

1. Schedule 1 - Gift Description: Detailed description of the gift, including photographs, serial numbers, or other identifying features

2. Schedule 2 - Valuation Report: Professional valuation of the gift if required for registration or documentation purposes

3. Schedule 3 - Delivery Protocol: Specific procedures and timeline for gift delivery or transfer

4. Appendix A - Required Documents: List of documents required for transfer or registration of the gift

5. Appendix B - Condition Report: Description of the current condition of the gift, particularly for valuable items

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 Industries

Private Wealth Management

Real Estate

Luxury Goods

Financial Services

Legal Services

Private Banking

Family Business

Art and Collectibles

Jewelry and Precious Metals

Religious Institutions

Relevant Teams

Legal

Wealth Management

Private Banking

Compliance

Document Administration

Property Services

Islamic Banking

Client Advisory

Risk Management

Personal Banking

Relevant Roles

Private Wealth Manager

Legal Counsel

Property Lawyer

Personal Banking Manager

Estate Planning Advisor

Family Office Manager

Compliance Officer

Legal Documentation Specialist

Notary Public

Property Registration Officer

Islamic Finance Advisor

Asset Manager

Private Client Advisor

Wealth Planning Consultant

Industries
UAE Civil Code (Federal Law No. 5 of 1985) - Articles 667-692: Primary legislation governing gifts (Hiba) in the UAE, defining the essential elements of a valid gift, conditions for completion, revocation rights, and delivery requirements
UAE Personal Status Law (Federal Law No. 28 of 2005): Relevant for gifts between family members and application of Islamic law principles to gift-giving, particularly regarding inheritance implications
UAE Property Law (Law No. 7 of 2006): Applicable when the gift involves real estate property, covering registration requirements and transfer procedures
Federal Law No. 4 of 2020 on Securing Interest with Movable Property: Relevant when the gift involves movable property, establishing registration requirements for certain valuable movable assets
UAE Federal Law No. 11 of 1992 (Civil Procedure Law): Governs the procedural aspects of documenting and authenticating gift agreements, especially for high-value gifts requiring official documentation
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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