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Used Equipment Sales Agreement

Used Equipment Sales Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Used Equipment Sales Agreement Template

"I need a Used Equipment Sales Agreement Template for selling three used construction cranes to a Dubai-based company, with specific provisions for phased delivery throughout March 2025 and including maintenance history requirements."

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The Used Equipment Sales Agreement Template is specifically designed for transactions governed by UAE law, serving as a comprehensive framework for the sale and purchase of pre-owned equipment. This template is essential when businesses or individuals need to document the transfer of used equipment ownership while ensuring compliance with UAE commercial regulations, consumer protection laws, and industry standards. It includes provisions for equipment description, condition disclosure, pricing, delivery terms, and warranty limitations, making it suitable for both simple and complex equipment transactions. The template addresses specific UAE legal requirements while maintaining flexibility to accommodate various types of equipment and industry-specific needs.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal names, addresses, and registration details as per UAE requirements

2. Background: Context of the sale and brief description of the transaction

3. Definitions: Key terms used throughout the agreement, including technical specifications and industry-specific terminology

4. Equipment Description: Detailed description of the used equipment including make, model, serial numbers, year of manufacture, and current condition

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

6. Delivery and Transfer of Title: Terms of delivery, timing, location, and process for transfer of ownership

7. Condition of Equipment: Detailed description of current condition, known defects, wear and tear, and operational status

8. Seller's Representations: Seller's statements regarding ownership, authority to sell, and equipment condition

9. Buyer's Acknowledgments: Buyer's confirmation of equipment inspection and acceptance of condition

10. Risk and Insurance: Transfer of risk and insurance requirements during transfer

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

12. Execution: Signature blocks and execution requirements as per UAE law

Optional Sections

1. Warranties: Any specific warranties provided by seller, used when seller is willing to provide certain guarantees

2. Maintenance Records: Details of previous maintenance and repairs, included when comprehensive maintenance history is available

3. Training and Support: Terms for any operational training or support provided by seller, included for complex equipment

4. Export/Import Requirements: Specific requirements if equipment is being exported/imported, used for international sales

5. Inspection Period: Terms for post-delivery inspection period, used when buyer requires testing time

6. Financing Terms: Details of any financing arrangements, included when seller provides financing options

7. Escrow Arrangements: Terms for use of escrow services, included for high-value transactions

8. Environmental Compliance: Environmental requirements and compliance statements, used for equipment with environmental impacts

Suggested Schedules

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

2. Schedule 2 - Condition Report: Detailed report on current condition including any defects or wear

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

4. Schedule 4 - Delivery Protocol: Procedures and checklist for delivery and acceptance

5. Schedule 5 - Pricing and Payment Schedule: Detailed breakdown of pricing and payment terms if installment payments are involved

6. Appendix A - Equipment Documentation: Operating manuals, certificates, and other relevant documentation

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

8. Appendix C - Required Certifications: Copies of relevant safety or operational certifications

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
Acceptance Certificate
Acceptance Date
Applicable Laws
Business Day
Completion Date
Confidential Information
Delivery Date
Delivery Location
Deposit
Documentation
Effective Date
Equipment
Equipment Records
Excluded Items
Existing Conditions
Force Majeure Event
Governmental Authority
Included Items
Inspection Period
Installation
Intellectual Property Rights
Known Defects
Maintenance Records
Material Adverse Change
Operating Manual
Parties
Payment Schedule
Performance Standards
Purchase Price
Regulatory Approvals
Related Services
Representatives
Safety Requirements
Seller's Warranty
Specifications
Technical Standards
Term
Testing Period
Title Documents
Transfer Date
UAE
Used Condition
Warranties
Clauses
Parties and Recitals
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Equipment Description
Condition of Equipment
Title and Risk
Delivery
Inspection and Testing
Warranties
Seller Representations
Buyer Acknowledgments
Maintenance Records
Documentation Transfer
Confidentiality
Force Majeure
Liability Limitations
Insurance
Indemnification
Export Compliance
Assignment
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Waiver
Counterparts
Language
Term and Termination
Taxes and Duties
Compliance with Laws
Health and Safety
Environmental Compliance
Third Party Rights
Further Assurance
Time of Essence
Costs and Expenses
Relevant Industries

Manufacturing

Construction

Industrial Equipment

Mining

Oil & Gas

Transportation

Logistics

Agriculture

Warehouse & Storage

Heavy Machinery

Marine Equipment

Aviation Ground Equipment

Facilities Management

Energy

Automotive

Relevant Teams

Procurement

Operations

Asset Management

Sales

Legal

Finance

Supply Chain

Risk Management

Commercial Operations

Technical Operations

Contract Administration

Business Development

Relevant Roles

Procurement Manager

Operations Director

Asset Manager

Equipment Manager

Facilities Manager

Commercial Director

Sales Manager

Technical Manager

Fleet Manager

Business Development Manager

Contract Administrator

Chief Operations Officer

Supply Chain Manager

Equipment Broker

Industrial Sales Representative

Risk Manager

Legal Counsel

Finance Manager

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Governs general contract principles, formation of contracts, validity conditions, and obligations between parties in civil transactions
UAE Federal Law No. 18 of 1993 (Commercial Code): Regulates commercial transactions and business dealings between merchants, including sales contracts and commercial obligations
UAE Federal Law No. 24 of 2006 (Consumer Protection Law): Provides framework for consumer protection, including regulations on product quality, warranties, and seller obligations
UAE Cabinet Resolution No. 12 of 2007: Implementing regulations of the Consumer Protection Law, detailing specific requirements for warranties and product information
UAE Federal Law No. 4 of 2012 (Competition Law): Regulates fair competition and market practices, which may affect pricing and sales terms
UAE Federal Law No. 19 of 2016 (Commercial Fraud): Addresses issues related to misrepresentation and fraud in commercial transactions, including requirements for accurate description of used goods
Dubai Executive Council Resolution No. 35 of 2009: Local regulations for Dubai specifically, governing commercial activities and sales within the emirate
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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