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Deed Of Conditional Sale

Deed Of Conditional Sale Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Conditional Sale Template

"I need a Deed of Conditional Sale Template for UAE that covers the sale of a commercial warehouse in Dubai Industrial City, where the completion is conditional upon obtaining necessary industrial licenses by March 2025 and securing regulatory approvals from the Dubai Municipality."

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Document background
The Deed of Conditional Sale Template is a crucial legal instrument used in the United Arab Emirates for transactions where the transfer of ownership is contingent upon meeting specific conditions. This document type is commonly used in real estate, asset sales, and commercial transactions where parties wish to ensure certain requirements are met before finalizing the transfer. The template complies with UAE Civil Code (Federal Law No. 5 of 1985), relevant emirate-specific property laws, and registration requirements. It provides comprehensive coverage of essential elements including property details, payment terms, conditions precedent, completion mechanisms, and party obligations. The Deed of Conditional Sale Template is particularly valuable in complex transactions requiring phased completion or where regulatory approvals, financing arrangements, or specific performance criteria must be satisfied before the sale is completed.
Suggested Sections

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

2. Background: Context of the transaction, including brief description of the property/asset and intention to enter into a conditional sale

3. Definitions: Definitions of key terms used in the deed, including 'Completion Date', 'Conditions', 'Property', 'Purchase Price'

4. Sale and Purchase: Core agreement to sell and purchase subject to conditions, including property/asset description

5. Purchase Price: Detailed breakdown of the purchase price, payment terms, and payment schedule

6. Conditions: Specific conditions that must be satisfied before the sale becomes final

7. Completion: Process and requirements for completion of the sale once conditions are met

8. Seller's Warranties: Warranties regarding ownership, authority to sell, and property condition

9. Purchaser's Warranties: Warranties regarding capacity to purchase and financial ability

10. Risk and Insurance: Allocation of risk and insurance requirements during the conditional period

11. Default and Termination: Consequences of default and termination rights

12. Notices: Process for serving notices between parties

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

14. Execution: Formal execution block meeting UAE requirements for deeds

Optional Sections

1. Islamic Finance Compliance: Required when the transaction needs to be Sharia-compliant, including relevant structuring and certificates

2. Property Management: Used when the property needs management during the conditional period

3. Assignment: Include when either party may need to assign their rights

4. Tax Provisions: Required when specific tax implications need to be addressed

5. Third Party Rights: Include when third parties may have enforcement rights

6. Escrow Arrangements: Used when purchase price or documents need to be held in escrow

7. Powers of Attorney: Include when specific powers need to be granted for completion

Suggested Schedules

1. Property Description: Detailed legal description of the property including title details and plan

2. Purchase Price Schedule: Detailed breakdown of purchase price and payment milestones

3. Conditions Precedent: Detailed list of conditions to be satisfied before completion

4. Completion Requirements: Checklist of documents and actions required for completion

5. Form of Transfer: Template transfer document to be used at completion

6. Warranties: Detailed warranties given by the seller regarding the property

7. Property Certificates: Copies of relevant property certificates and permits

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Commercial Property

Residential Property

Industrial

Retail

Hospitality

Manufacturing

Automotive

Construction

Infrastructure

Agriculture

Technology

Healthcare

Relevant Teams

Legal

Real Estate

Compliance

Commercial

Business Development

Investment

Asset Management

Sales

Finance

Risk Management

Property Development

Corporate Affairs

Relevant Roles

Legal Counsel

Property Manager

Real Estate Director

Compliance Officer

Contract Manager

Commercial Director

Chief Legal Officer

Business Development Manager

Investment Manager

Asset Manager

Transaction Manager

Corporate Lawyer

Property Developer

Sales Director

Finance Manager

Industries







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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