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Purchase Agreement Between Buyer And Seller for United Arab Emirates

Purchase Agreement Between Buyer And Seller Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formalizes the terms and conditions of a sale transaction between a buyer and seller. This agreement outlines the essential elements of the sale including price, payment terms, delivery conditions, warranties, and risk transfer, while ensuring compliance with UAE Civil Code and Commercial Transactions Law. The document incorporates necessary provisions for consumer protection, commercial agency regulations, and Sharia compliance where applicable, making it suitable for both domestic UAE transactions and international trade arrangements involving UAE entities.

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What is a Purchase Agreement Between Buyer And Seller?

The Purchase Agreement Between Buyer And Seller is a fundamental commercial contract used to formalize sales transactions in the United Arab Emirates. This document is essential for businesses engaging in the sale and purchase of goods, whether in domestic or international trade contexts. It must comply with the UAE Civil Code (Federal Law No. 5 of 1985) and the Commercial Transactions Law (Federal Law No. 18 of 1993), while also considering Sharia principles. The agreement is particularly important when the transaction involves significant value, requires detailed specifications, or needs specific delivery arrangements. It provides comprehensive coverage of all aspects of the sale, including payment terms, delivery conditions, warranties, and dispute resolution mechanisms, while incorporating necessary protections for both parties under UAE law.

What sections should be included in a Purchase Agreement Between Buyer And Seller?

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

2. Background: Context of the transaction and relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core transaction terms including description of goods, quantity, and basic purchase commitment

5. Price and Payment: Purchase price, payment terms, method of payment, and VAT considerations

6. Delivery: Delivery terms, timing, location, and transfer of risk provisions

7. Title and Risk: Transfer of ownership and risk provisions in accordance with UAE law

8. Quality and Inspection: Quality standards, inspection rights, and acceptance procedures

9. Warranties: Seller's warranties regarding goods and standard commercial warranties

10. Limitation of Liability: Limitations on liability and damages in compliance with UAE law

11. Term and Termination: Duration of agreement and termination rights

12. Force Majeure: Events constituting force majeure and consequences

13. Confidentiality: Protection of confidential information exchanged during the transaction

14. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions

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

What sections are optional to include in a Purchase Agreement Between Buyer And Seller?

1. Intellectual Property: Required when the goods involve IP rights or licensed technology

2. Export/Import Controls: Necessary for international transactions or restricted goods

3. Insurance: Detailed insurance requirements for high-value or high-risk goods

4. Security Interest: Required when seller retains security interest in goods until full payment

5. Training and Support: Needed for technical equipment or complex products requiring user training

6. Compliance with Laws: Detailed compliance provisions for regulated products or industries

7. Product Returns: Return procedures and policies for defective or unwanted goods

8. Spare Parts and Maintenance: Required for mechanical or technical equipment requiring ongoing support

What schedules should be included in a Purchase Agreement Between Buyer And Seller?

1. Schedule 1 - Product Specifications: Detailed technical specifications of the goods

2. Schedule 2 - Pricing Schedule: Detailed pricing information, including any volume discounts or price adjustment mechanisms

3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and locations

4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures

5. Schedule 5 - Warranty Terms: Detailed warranty terms and claim procedures

6. Appendix A - Required Certifications: Copies of required certifications or compliance documents

7. Appendix B - Form of Purchase Order: Standard form for placing orders under the agreement

8. Appendix C - Acceptance Testing Procedures: Detailed procedures for testing and accepting goods

Authors

Alex Denne

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

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions















































Clauses









































Relevant Industries

Retail

Manufacturing

Technology

Consumer Goods

Industrial Equipment

Automotive

Electronics

Textiles

Construction Materials

Food and Beverage

Medical Supplies

Agriculture

Energy

Telecommunications

Chemical Products

Relevant Teams

Legal

Procurement

Sales

Finance

Operations

Supply Chain

Compliance

Commercial

Business Development

Risk Management

Relevant Roles

Procurement Manager

Commercial Director

Legal Counsel

Contract Manager

Supply Chain Manager

Sales Director

Business Development Manager

Operations Manager

Chief Financial Officer

Purchasing Officer

Commercial Manager

Compliance Officer

General Manager

Chief Executive Officer

Import/Export 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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