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Used Equipment Sale Agreement

Used Equipment Sale Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Used Equipment Sale Agreement

"I need a Used Equipment Sale Agreement under UAE law for selling three used industrial printing machines to a manufacturing company in Dubai, with installation and 30-day training period to be included, planned for delivery in March 2025."

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Document background
The Used Equipment Sale Agreement is essential for businesses and individuals engaging in the purchase or sale of pre-owned equipment in the United Arab Emirates. This document is particularly crucial in commercial and industrial contexts where significant investments are involved in acquiring used machinery, vehicles, or technical equipment. The agreement ensures compliance with UAE Federal Laws, including the Civil Code (Federal Law No. 5 of 1985) and Commercial Code (Federal Law No. 18 of 1993), while providing comprehensive protection for both parties. It details the equipment's condition, operational history, and any known defects, establishing clear expectations and responsibilities. The document is commonly used in various industries where equipment transfers are frequent, helping prevent disputes by clearly documenting the terms of sale, warranty provisions, and transfer procedures.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal names and addresses

2. Background: Context of the sale and brief description of the equipment being sold

3. Definitions: Key terms used throughout the agreement

4. Equipment Description: Detailed description of the used equipment being sold, including make, model, year, and serial numbers

5. Purchase Price and Payment: Purchase price, payment terms, method of payment, and payment schedule if applicable

6. Condition of Equipment: Current condition, known defects, wear and tear, and operational status

7. Warranties and Representations: Seller's warranties regarding equipment condition, ownership, and any remaining manufacturer warranties

8. Inspection and Acceptance: Buyer's right to inspect equipment and acceptance procedures

9. Title and Risk: Transfer of title and risk provisions

10. Delivery and Collection: Arrangements for delivery or collection of the equipment

11. Seller's Obligations: Specific obligations of the seller including documentation provision

12. Buyer's Obligations: Specific obligations of the buyer including payment and collection

13. Termination: Circumstances under which the agreement can be terminated

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

15. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement

Optional Sections

1. Training and Support: Include when seller agrees to provide training or support for equipment operation

2. Installation: Include when seller is responsible for installing the equipment

3. Maintenance History: Include when detailed maintenance records are available and form part of the agreement

4. Environmental Compliance: Include when equipment contains hazardous materials or requires special handling

5. Export/Import Requirements: Include when equipment requires cross-border transportation

6. Intellectual Property: Include when software or proprietary technology is involved

7. Insurance: Include when specific insurance requirements apply during transit or installation

8. Security Interest: Include when seller maintains security interest until full payment

9. Third-Party Claims: Include when addressing potential third-party claims or liens

Suggested Schedules

1. Schedule 1 - Equipment Specifications: Detailed technical specifications of the equipment

2. Schedule 2 - Equipment Photographs: Recent photographs showing equipment condition

3. Schedule 3 - Maintenance Records: Historical maintenance and repair records

4. Schedule 4 - Test Reports: Recent test or inspection reports

5. Schedule 5 - Existing Warranties: Documentation of any transferable warranties

6. Appendix A - Delivery Protocol: Procedures for delivery and acceptance testing

7. Appendix B - Spare Parts List: List of included spare parts or available spare parts

8. Appendix C - Operating Manual: Equipment operating instructions and safety procedures

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 legal definitions
Agreement
Equipment
Acceptance Certificate
Acceptance Tests
Applicable Laws
Business Day
Commencement Date
Completion Date
Confidential Information
Defect
Delivery Date
Delivery Location
Delivery Protocol
Documentation
Effective Date
Environmental Laws
Equipment Records
Force Majeure Event
Intellectual Property Rights
Inspection Period
Installation
Liabilities
Maintenance Records
Material Adverse Effect
Operating Manual
Purchase Price
Representatives
Risk Transfer Date
Seller's Warranties
Spare Parts
Specifications
Technical Standards
Term
Testing Procedures
Title
Training Period
UAE
Warranty Period
Working Hours
Clauses
Interpretation
Sale and Purchase
Purchase Price
Payment Terms
Condition of Equipment
Title and Risk
Delivery
Inspection and Testing
Acceptance
Warranties
Representations
Equipment Documentation
Training and Support
Installation
Maintenance Records
Insurance
Liability and Indemnification
Intellectual Property
Confidentiality
Force Majeure
Termination
Assignment
Notices
Amendments
Entire Agreement
Severability
Waiver
Governing Law
Dispute Resolution
Language
Counterparts
Compliance with Laws
Environmental Compliance
Health and Safety
Export Control
Third Party Rights
Further Assurance
Costs
Time of Essence
Relationship of Parties
Relevant Industries

Manufacturing

Construction

Industrial Equipment

Mining

Oil & Gas

Logistics

Agriculture

Automotive

Machinery Trading

Waste Management

Facilities Management

Heavy Industry

Transportation

Warehousing

Energy

Relevant Teams

Procurement

Operations

Legal

Commercial

Technical

Asset Management

Facilities Management

Supply Chain

Maintenance

Sales

Risk Management

Finance

Compliance

Relevant Roles

Procurement Manager

Operations Director

Facilities Manager

Asset Manager

Equipment Manager

Technical Director

Commercial Manager

Supply Chain Manager

Chief Operations Officer

Plant Manager

Maintenance Manager

Sales Director

Legal Counsel

Contract Manager

Business Development Manager

Industrial Equipment Specialist

Fleet Manager

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Primary legislation governing contracts, including formation, validity, terms, and general obligations between parties
UAE Federal Law No. 18 of 1993 (Commercial Code): Regulates commercial transactions and business dealings, including sales between merchants
UAE Federal Law No. 24 of 2006 (Consumer Protection Law): Provides framework for consumer protection, including regulations on used goods and warranty obligations
UAE Cabinet Resolution No. 12 of 2007: Implementing regulations of the Consumer Protection Law, including specific provisions about disclosure of defects in used goods
UAE Federal Law No. 4 of 2012 (Competition Law): Relevant for pricing and fair competition aspects of commercial sales
Federal Law No. 24 of 1999 (Environmental Protection): May be applicable if the equipment contains hazardous materials or has environmental implications
UAE Federal Law No. 1 of 2006 (Electronic Transactions): Relevant if any part of the transaction or agreement is conducted electronically
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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