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Product Sales Agreement

Product Sales Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Product Sales Agreement

"I need a Product Sales Agreement for selling luxury watches to retail stores in Dubai, with specific provisions for product authentication certificates and minimum purchase quantities, starting from January 2025."

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Document background
The Product Sales Agreement is essential for businesses operating in the UAE market who engage in the sale and purchase of goods. This document is structured to comply with UAE Federal Law No. 5 of 1985 (Civil Code) and Federal Law No. 18 of 1993 (Commercial Code), addressing both domestic and international trade requirements. It's particularly relevant given the UAE's position as a major global trading hub, with specific provisions for various commercial arrangements including B2B and B2C transactions. The agreement includes crucial elements such as product specifications, pricing mechanisms, delivery terms, warranty provisions, and dispute resolution procedures, all aligned with UAE legal requirements and commercial practices.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal names, addresses, and registration details as required by UAE law

2. Background: Context of the agreement and brief description of the business relationship

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

4. Product Description and Specifications: Detailed description of products being sold, including quality standards and specifications

5. Price and Payment Terms: Product pricing, payment schedule, method of payment, and currency

6. Delivery Terms: Delivery schedule, method, location, and transfer of risk provisions

7. Title and Risk: Transfer of ownership and risk provisions in accordance with UAE law

8. Warranties and Representations: Product warranties, quality guarantees, and compliance with UAE standards

9. Term and Termination: Duration of agreement and circumstances for termination

10. Force Majeure: Events excusing performance under UAE law

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

12. Notices: Process for formal communications between parties

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

Optional Sections

1. Intellectual Property Rights: Required when products involve patents, trademarks, or other IP rights

2. Confidentiality: Include when sharing sensitive business information or trade secrets

3. Product Training and Support: Necessary for technical or complex products requiring after-sales support

4. Insurance Requirements: Include for high-value products or where specific risks need coverage

5. Import/Export Compliance: Required for international sales or restricted products

6. Product Returns and Refunds: Include for consumer products or when specific return policies apply

7. Quality Control and Inspection: Important for manufacturing or industrial products

8. Minimum Purchase Requirements: Include when establishing ongoing supply relationships

Suggested Schedules

1. Schedule 1 - Product Specifications: Detailed technical specifications and requirements for each product

2. Schedule 2 - Pricing Schedule: Detailed pricing information, including volume discounts and price adjustment mechanisms

3. Schedule 3 - Delivery Schedule: Specific delivery timeframes and locations

4. Schedule 4 - Warranty Terms: Detailed warranty terms and conditions

5. Schedule 5 - Service Level Agreement: Support and maintenance requirements if applicable

6. Appendix A - Quality Standards: Applicable quality standards and certification requirements

7. Appendix B - Product Documentation: User manuals, technical documentation, and safety instructions

8. Appendix C - Return and Refund Procedures: Detailed procedures for product returns and refunds

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

Consumer Goods

Electronics

Automotive

Industrial Equipment

Fashion and Luxury

Food and Beverage

Construction Materials

Medical Supplies

Technology

Telecommunications

Home and Garden

Sports and Leisure

Relevant Teams

Legal

Commercial

Sales

Procurement

Supply Chain

Operations

Compliance

Business Development

Finance

Risk Management

Relevant Roles

Commercial Director

Sales Manager

Procurement Manager

Legal Counsel

Contract Manager

Business Development Manager

Supply Chain Manager

Operations Director

Chief Commercial Officer

Compliance Officer

General Manager

Managing Director

Sales Representative

Purchasing Officer

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Primary legislation governing contracts, including formation, validity, and general obligations between parties
UAE Federal Law No. 18 of 1993 (Commercial Code): Regulates commercial transactions and business dealings between merchants, including sales contracts
UAE Federal Law No. 24 of 2006 (Consumer Protection Law): Protects consumer rights, including product quality, warranties, and after-sales service obligations
UAE Federal Law No. 1 of 2006 (Electronic Commerce Law): Governs electronic transactions and digital signatures if the sales agreement involves online commerce
UN Convention on Contracts for the International Sale of Goods (CISG): Applies to international sales contracts between parties from contracting states, including the UAE
UAE Federal Law No. 19 of 2016 (Anti-Commercial Fraud Law): Ensures product authenticity and prevents counterfeit goods, affecting product warranties and representations
UAE Cabinet Resolution No. 40 of 2017: Regulations regarding VAT implementation on product sales and commercial transactions
UAE Federal Law No. 4 of 2012 (Competition Law): Regulates anti-competitive practices and affects pricing and distribution arrangements
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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