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Agreement To Sell Contract
"I need an Agreement to Sell Contract governed by UAE law for the sale of industrial machinery worth AED 2.5 million, with payment in three installments and delivery scheduled for March 2025, including detailed warranties and maintenance terms."
1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and legal status
2. Background: Sets out the context of the sale and brief description of what each party aims to achieve
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Subject Matter of Sale: Detailed description of the goods/property being sold, including specifications, quantity, and condition
5. Purchase Price: Specifies the agreed price, currency, and payment terms
6. Payment Terms: Details the method, timing, and conditions of payment
7. Delivery: Specifies delivery terms, timeline, location, and responsibilities
8. Title and Risk: Determines when ownership and risk transfer from seller to buyer
9. Warranties and Representations: Lists warranties given by each party regarding the sale
10. Termination: Outlines circumstances under which the agreement can be terminated
11. Governing Law and Jurisdiction: Specifies UAE law as governing law and determines jurisdiction for disputes
12. Notices: Details how formal communications between parties should be made
13. Execution: Signature blocks and execution formalities
1. Conditions Precedent: Used when completion is subject to certain conditions being met
2. Installment Terms: Required when payment is to be made in installments
3. Security Arrangements: Included when there are guarantees or security for payment
4. Insurance: Required when specific insurance arrangements need to be maintained
5. Intellectual Property: Included when the sale involves IP rights or licenses
6. Confidentiality: Used when sensitive information will be exchanged
7. Force Majeure: Optional clause defining circumstances beyond parties' control
8. Anti-corruption: Important for high-value or international transactions
9. Assignment: Used when transfer rights need to be specified
10. Language: Required when contract is bilingual or involves international parties
1. Technical Specifications: Detailed technical description of the goods/property being sold
2. Payment Schedule: Breakdown of payment installments and due dates
3. Delivery Schedule: Detailed timeline for delivery or completion
4. Form of Notice: Template for formal notices under the agreement
5. Due Diligence Results: Summary of any due diligence findings
6. Required Documents: List of documents to be provided by each party
7. Warranty Terms: Detailed warranty conditions and claims procedure
Authors
Real Estate
Retail
Manufacturing
Technology
Automotive
Consumer Goods
Industrial Equipment
Agriculture
Construction
Energy
Healthcare
Hospitality
Legal
Commercial
Sales
Procurement
Business Development
Compliance
Risk Management
Operations
Corporate Affairs
Finance
Legal Counsel
Contract Manager
Commercial Director
Sales Manager
Procurement Manager
Business Development Manager
Corporate Lawyer
Compliance Officer
Risk Manager
Operations Manager
General Manager
Chief Legal Officer
Chief Commercial Officer
Transaction Manager
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