Scrap Vehicle Sale Agreement Template for United Arab Emirates

The Scrap Vehicle Sale Agreement is essential for transactions involving end-of-life vehicles in the United Arab Emirates. This document is typically used when a vehicle owner wishes to sell a vehicle that is no longer roadworthy or is intended for dismantling and recycling. It ensures compliance with UAE Federal Law No. 24 of 1999 on Environmental Protection, UAE Traffic Law, and relevant emirate-level regulations regarding scrap dealing. The agreement includes crucial details such as vehicle identification, condition assessment, transfer procedures, and environmental compliance requirements. It protects both parties by clearly defining their rights and obligations, particularly regarding proper vehicle disposal and environmental responsibilities. This agreement is commonly used by scrap dealers, automotive businesses, insurance companies handling written-off vehicles, and individual vehicle owners.

1. Parties: Identification of the seller and buyer, including full legal names, addresses, and relevant license numbers for scrap dealing

2. Background: Context of the sale, including brief description of the vehicle's scrap status and purpose of the agreement

3. Definitions: Definitions of key terms used in the agreement including 'Scrap Vehicle', 'Completion Date', 'Purchase Price', etc.

4. Sale and Purchase: Core terms of the transaction, including confirmation of sale and purchase of the scrap vehicle

5. Vehicle Description and Condition: Detailed description of the vehicle being sold as scrap, including its current condition

6. Purchase Price and Payment: Amount to be paid and payment terms, including method and timing of payment

7. Completion and Transfer: Process and requirements for completing the sale and transferring ownership

8. Seller's Warranties: Warranties regarding ownership, right to sell, and vehicle status

9. Buyer's Obligations: Responsibilities of the buyer regarding vehicle collection, dismantling, and disposal

10. Environmental Compliance: Requirements for environmentally responsible handling and disposal of the vehicle

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