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Private Sale Contract

Private Sale Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Private Sale Contract

"I need a Private Sale Contract for selling my manufacturing equipment to a local business in Dubai, with payment in three installments and final delivery by March 2025."

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Document background
A Private Sale Contract is essential for documenting sale transactions between parties in the UAE, whether they are individuals or businesses. This document is particularly important as it ensures compliance with UAE Civil Code (Federal Law No. 5 of 1985) and related commercial regulations while protecting both parties' interests. The contract should be used whenever there is a private sale of goods, assets, or property that requires formal documentation of terms and conditions. It typically includes detailed information about the parties involved, description of items being sold, purchase price, payment terms, delivery arrangements, warranties, and dispute resolution procedures. The document's structure and content reflect UAE legal requirements and commercial practices, making it suitable for both domestic and international transactions within UAE jurisdiction.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and any registration numbers if companies are involved

2. Background: Context of the sale and brief description of the parties' intention to enter into the sale transaction

3. Definitions: Key terms used throughout the agreement defined for clarity and consistency

4. Subject Matter of Sale: Detailed description of the item(s) being sold, including specifications, condition, and quantity

5. Purchase Price: The agreed price, currency, and payment terms including method and timing of payment

6. Delivery Terms: Specifications for how and when the item(s) will be delivered, including location and responsibility for delivery costs

7. Title and Risk: When and how ownership transfers, and which party bears risk at different stages

8. Seller's Warranties: Guarantees regarding ownership, condition, and quality of the item(s) being sold

9. Buyer's Obligations: Key responsibilities of the buyer including payment and acceptance of delivery

10. Termination: Circumstances under which either party may terminate the agreement

11. Governing Law and Jurisdiction: Specification that UAE law governs the agreement and jurisdiction for dispute resolution

Optional Sections

1. Condition Precedents: Include when the sale is subject to specific conditions being met before completion

2. Inspection Rights: Include when the buyer requires pre-delivery inspection rights

3. Intellectual Property: Include when the sale involves items with associated intellectual property rights

4. Confidentiality: Include when sensitive information will be exchanged during the sale process

5. Insurance: Include when specific insurance requirements are needed during transit or storage

6. Force Majeure: Include when parties want specific provisions for unforeseeable circumstances

7. Assignment: Include when either party may need to transfer their rights or obligations

8. Warranties and After-Sales Service: Include for sales of technical equipment or items requiring ongoing support

Suggested Schedules

1. Schedule 1 - Item Specification: Detailed technical specifications, photographs, or descriptions of the sale items

2. Schedule 2 - Payment Schedule: If payment is in installments, detailed breakdown of payment amounts and dates

3. Schedule 3 - Delivery Schedule: For multiple items or staged delivery, detailed delivery timeline and requirements

4. Schedule 4 - Condition Report: Current condition of items being sold, particularly for used goods or valuable items

5. Appendix A - Related Documents: Copies of relevant certificates, permits, or registrations

6. Appendix B - Warranty Terms: Detailed warranty terms and conditions if applicable

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

Retail

Manufacturing

Real Estate

Automotive

Technology

Consumer Goods

Industrial Equipment

Art and Collectibles

Luxury Goods

Agriculture

Construction

Electronics

Furniture and Home Goods

Medical Equipment

Professional Services

Relevant Teams

Legal

Sales

Procurement

Commercial

Operations

Finance

Risk and Compliance

Business Development

Asset Management

Contract Administration

Relevant Roles

Sales Manager

Procurement Manager

Legal Counsel

Business Development Manager

Contract Administrator

Commercial Director

Operations Manager

General Manager

Chief Executive Officer

Finance Manager

Risk Manager

Compliance Officer

Asset Manager

Property Manager

Business Owner

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Primary legislation governing contracts, civil transactions, and obligations between parties. Contains provisions on contract formation, validity, termination, and general principles of contractual relationships.
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Governs commercial transactions and business dealings, including sales between merchants or for commercial purposes.
UAE Consumer Protection Law (Federal Law No. 24 of 2006): Protects consumer rights in sales transactions, particularly relevant if one party is a consumer rather than a business entity.
UAE Electronic Transactions and Commerce Law (Federal Law No. 1 of 2006): Relevant if the sale contract involves electronic communications or digital signatures in the formation or execution of the contract.
UAE Civil Procedures Law (Federal Law No. 11 of 1992): Contains provisions regarding dispute resolution, jurisdiction, and enforcement of contracts.
Local Emirate-specific Laws: Depending on the emirate where the sale takes place, local laws and regulations may apply, particularly for real estate or specific types of goods.
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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