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Sales And Purchase Agreement Of Goods for United Arab Emirates

Sales And Purchase Agreement Of Goods Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes the terms and conditions for the sale and purchase of goods between parties. This document incorporates requirements from the UAE Civil Code and Commercial Transactions Law, ensuring compliance with local regulations while defining key aspects such as price, payment terms, delivery conditions, warranties, and risk transfer. It includes specific provisions addressing UAE commercial practices and can be adapted for both domestic and international transactions, with consideration for Sharia law principles where applicable.

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Sales And Purchase Agreement Of Goods

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What is a Sales And Purchase Agreement Of Goods?

The Sales and Purchase Agreement of Goods is a fundamental commercial contract used in the United Arab Emirates for transactions involving the transfer of goods from a seller to a buyer. This document is essential for both domestic and international trade, incorporating requirements from UAE Federal Law No. 5 of 1985 (Civil Code) and Federal Law No. 18 of 1993 (Commercial Transactions Law). It is particularly important in the UAE market where international trade forms a significant portion of commercial activity. The agreement typically covers crucial elements including price, payment terms, delivery conditions, quality specifications, warranties, and risk transfer. It can be customized for various transaction sizes and types, from simple one-time purchases to complex ongoing supply arrangements, while maintaining compliance with UAE legal requirements and commercial practices.

What sections should be included in a Sales And Purchase Agreement Of Goods?

1. Parties: Identification and details of the seller and buyer, including full legal names, registration numbers, and registered addresses

2. Background: Context of the transaction and brief description of the parties' intentions

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

4. Sale and Purchase: Core agreement to sell and purchase the goods, including basic description and quantity

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

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

7. Title and Risk: Transfer of ownership and risk in the goods

8. Quality and Description: Specifications, quality standards, and warranties regarding the goods

9. Inspection and Testing: Rights and procedures for inspecting and testing the goods

10. Warranties and Representations: Standard warranties and representations by both parties

11. Termination: Circumstances allowing termination and consequences thereof

12. Force Majeure: Events excusing performance and procedures for handling such events

13. Confidentiality: Obligations regarding confidential information

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

15. Notices: Method and addresses for formal communications between parties

16. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

What sections are optional to include in a Sales And Purchase Agreement Of Goods?

1. Import/Export: Required when goods cross international borders, covering licenses, permits, and compliance

2. Insurance: Include when specific insurance requirements are needed beyond standard delivery terms

3. Installation: Required when seller must install or commission the goods

4. Training: Include when seller must provide training on use of goods

5. Intellectual Property: Required when goods involve patents, trademarks, or other IP rights

6. After-Sales Service: Include when maintenance or support services are part of the deal

7. Bank Guarantee: Required when payment security or performance security is needed

8. Compliance with Sharia: Include specific provisions when transaction must be Sharia-compliant

What schedules should be included in a Sales And Purchase Agreement Of Goods?

1. Schedule 1 - Specification of Goods: Detailed technical specifications, drawings, and requirements

2. Schedule 2 - Price Breakdown: Detailed pricing information including unit prices and any additional charges

3. Schedule 3 - Delivery Schedule: Detailed timeline for delivery, including any multiple shipments

4. Schedule 4 - Quality Standards: Specific quality requirements, certificates, and standards to be met

5. Schedule 5 - Testing Procedures: Detailed procedures for inspection and testing of goods

6. Schedule 6 - Warranty Terms: Detailed warranty terms, conditions, and claim procedures

7. Appendix A - Form of Acceptance Certificate: Template for formal acceptance of goods

8. Appendix B - Form of Bank Guarantee: Template for any required bank guarantees

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

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions



















































Clauses










































Relevant Industries

Manufacturing

Retail

Wholesale Trade

Consumer Goods

Industrial Equipment

Electronics

Automotive

Construction Materials

Textiles

Food and Beverage

Healthcare Equipment

Agriculture

Chemical Products

Technology Hardware

Energy Equipment

Relevant Teams

Legal

Procurement

Sales

Commercial

Supply Chain

Operations

Finance

Compliance

Business Development

Contract Administration

Relevant Roles

Procurement Manager

Sales Director

Commercial Manager

Supply Chain Manager

Legal Counsel

Contract Manager

Business Development Manager

Operations Manager

Import/Export Manager

Chief Commercial Officer

Purchasing Officer

Sales Executive

General Manager

Finance Manager

Compliance Officer

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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