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Vehicle Sale Agreement

Vehicle Sale Agreement Generator for United Arab Emirates

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Key Requirements PROMPT example:

Vehicle Sale Agreement

"I need a Vehicle Sale Agreement for a used Mercedes-Benz G-Class being sold by my car dealership in Dubai to a private buyer, with a trade-in option and a 12-month warranty, scheduled for completion in March 2025."

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Document background
The Vehicle Sale Agreement is a crucial legal document used in the United Arab Emirates for documenting and formalizing the sale and purchase of vehicles. This agreement is essential for both private sales and commercial transactions, ensuring compliance with UAE Federal Law No. 5 of 1985 (Civil Code), Federal Traffic Law No. 21 of 1995, and relevant consumer protection regulations. The document covers critical aspects including vehicle specifications, ownership transfer procedures, warranty terms, and payment conditions. It's designed to protect both sellers' and buyers' interests while meeting regulatory requirements for vehicle registration transfer in the UAE. The agreement is particularly important given the UAE's strict vehicle registration and transfer procedures, and it includes provisions for VAT compliance and necessary documentation for local transport authority requirements.
Suggested Sections

1. Parties: Identifies the seller and buyer with full legal names, addresses, and identification details as required by UAE law

2. Background: Establishes the context of the sale and confirms the seller's ownership and right to sell the vehicle

3. Definitions: Defines key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

4. Sale and Purchase: Details the core transaction, including the seller's obligation to sell and the buyer's obligation to purchase

5. Purchase Price: Specifies the agreed price, VAT details, and payment terms

6. Completion: Outlines the completion process, including timing and location of vehicle handover

7. Seller's Representations and Warranties: Lists seller's warranties regarding vehicle condition, ownership, and encumbrances

8. Vehicle Registration and Transfer: Details the process for transferring vehicle registration in accordance with UAE traffic laws

9. Buyer's Acknowledgments: Confirms buyer's inspection of the vehicle and acceptance of its condition

10. Governing Law and Jurisdiction: Specifies UAE law as governing law and establishes jurisdiction for disputes

Optional Sections

1. Financing Arrangements: Include when the purchase involves third-party financing or installment payments

2. Insurance: Include when the agreement covers interim insurance arrangements

3. Trade-in Provisions: Include when the transaction involves a vehicle trade-in

4. Dealer Warranty: Include for dealer sales offering additional warranties beyond manufacturer warranty

5. Post-Sale Services: Include when the seller provides additional services like maintenance packages

6. Export/Import Provisions: Include when the vehicle will be exported/imported between Emirates or internationally

Suggested Schedules

1. Vehicle Specifications: Detailed description of the vehicle including make, model, year, VIN, color, mileage, and features

2. Condition Report: Detailed report of vehicle condition including photographs and noted defects or damage

3. Service History: Documentation of vehicle maintenance and service history

4. Required Documents Checklist: List of documents required for transfer including registration card, insurance certificates, and technical inspection reports

5. Payment Schedule: If applicable, breakdown of payment installments and dates

6. Warranty Terms: Details of manufacturer's warranty and/or additional warranty terms

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

Automotive

Retail

Financial Services

Insurance

Transportation

Fleet Management

Luxury Goods

Manufacturing

Logistics

Public Sector

Relevant Teams

Legal

Sales

Finance

Procurement

Operations

Compliance

Risk Management

Corporate Services

Fleet Management

Customer Service

Administrative Services

Relevant Roles

Sales Manager

Fleet Manager

Legal Counsel

Procurement Officer

Finance Manager

Compliance Officer

Operations Manager

Contract Administrator

Business Development Manager

Risk Manager

Dealership Manager

Vehicle Registration Officer

Corporate Services Manager

Asset Manager

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Governs general contract principles, including formation, validity, termination, and obligations of contracting parties
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Regulates commercial transactions and business dealings between parties, including sales contracts
UAE Federal Traffic Law No. 21 of 1995: Covers vehicle registration, transfer of ownership, and related requirements for vehicle transactions
UAE Federal Law No. 24 of 2006 (Consumer Protection Law): Protects consumer rights in transactions, including warranties and disclosure requirements
Federal Decree-Law No. 8 of 2017 on Value Added Tax: Governs VAT obligations in vehicle sales transactions, including registration and payment requirements
UAE Federal Law No. 15 of 2020 (Consumer Protection Law - Updated): Latest consumer protection regulations affecting sales contracts and consumer rights
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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