Ƶ

Sales And Purchase Agreement Spa for United Arab Emirates

Sales And Purchase Agreement Spa Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formalizes the transfer of ownership of assets, goods, or property from a seller to a buyer. The agreement details the terms and conditions of the sale, including purchase price, payment terms, warranties, and completion requirements, while ensuring compliance with UAE Federal Laws, including the Civil Code and Commercial Code. The document incorporates specific UAE legal requirements, such as execution formalities and necessary government approvals, while providing a clear framework for the rights and obligations of all parties involved in the transaction.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Sales And Purchase Agreement Spa

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Sales And Purchase Agreement Spa?

The Sales and Purchase Agreement (SPA) is a fundamental legal document used in the United Arab Emirates for documenting the transfer of ownership of assets, goods, or property between parties. This agreement type is essential for both commercial and private transactions, providing a legally binding framework that complies with UAE Federal Law No. 5 of 1985 (Civil Code) and other relevant legislation. The SPA details crucial elements including asset description, purchase price, payment terms, warranties, and completion requirements. It's particularly important in the UAE context where specific legal requirements must be met for the agreement to be enforceable, including proper execution, potential requirement for Arabic translations, and compliance with local commercial regulations. The document serves as both a record of the transaction and a protective mechanism for all parties involved, clearly outlining their rights, obligations, and remedies under UAE law.

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

1. Parties: Identification of buyer and seller with full legal names, addresses, and registration details if companies

2. Background: Context of the transaction and brief description of what is being sold and purchased

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

4. Sale and Purchase: Core transaction terms including description of assets/goods being sold and purchased

5. Purchase Price: Price, payment terms, method of payment, and payment schedule if applicable

6. Completion: Details of when and how the transfer of ownership will occur

7. Seller's Warranties: Warranties regarding ownership, condition, and quality of the sale items

8. Buyer's Warranties: Warranties regarding ability to pay and complete the transaction

9. Pre-Completion Obligations: Obligations of both parties before completion of the sale

10. Post-Completion Obligations: Ongoing obligations after the sale is completed

11. Termination: Circumstances under which the agreement can be terminated and consequences

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

13. Notices: How formal communications between parties should be made

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

15. Execution: Signature blocks and execution formalities

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

1. Conditions Precedent: Used when completion is subject to certain conditions being met first

2. Due Diligence: Include when buyer needs to conduct investigations before completion

3. Intellectual Property: Required when the sale includes IP rights

4. Employee Matters: Necessary when the sale involves transfer of employees

5. Tax Matters: Include detailed tax provisions for complex commercial transactions

6. Environmental Matters: Required for sales involving real estate or industrial assets

7. Regulatory Approvals: Include when the transaction requires government or regulatory approval

8. Confidentiality: Optional detailed confidentiality provisions for sensitive transactions

9. Force Majeure: Detailed force majeure provisions for long-term or complex transactions

10. Islamic Finance Compliance: Required when transaction needs to comply with Shariah principles

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

1. Schedule 1 - Asset Description: Detailed description of assets/goods being sold

2. Schedule 2 - Purchase Price Calculation: Detailed breakdown of purchase price components

3. Schedule 3 - Completion Requirements: Checklist of documents and actions required for completion

4. Schedule 4 - Warranties: Detailed warranties beyond those in main agreement

5. Schedule 5 - Existing Encumbrances: List of any existing liens, charges or encumbrances

6. Appendix A - Form of Transfer Documents: Template transfer documents required for completion

7. Appendix B - Technical Specifications: Detailed technical specifications of goods/assets

8. Appendix C - Required Consents: List of third-party consents required

9. Appendix D - Disclosure Letter: Seller's disclosures against warranties

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 Contract

Sector

Sales

Cost

Free to use
Relevant legal definitions






































Clauses












































Relevant Industries

Real Estate

Manufacturing

Retail

Technology

Energy

Construction

Healthcare

Automotive

Professional Services

Consumer Goods

Industrial

Agriculture

Hospitality

Education

Financial Services

Relevant Teams

Legal

Finance

Procurement

Sales

Commercial

Operations

Risk and Compliance

Business Development

Property Management

Asset Management

Corporate Secretariat

Executive Leadership

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Contract Manager

Procurement Manager

Sales Director

Business Development Manager

Commercial Director

Property Manager

Asset Manager

Finance Manager

Operations Director

Risk Manager

Compliance Officer

Company Secretary

General Manager

Project 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

Find the exact document you need

Used Equipment Sales Agreement

UAE-compliant agreement template for the sale and purchase of used equipment, incorporating local commercial law requirements and transaction specifics.

Download

Product Contract

UAE-compliant product contract template covering sales, distribution, and quality standards under UAE commercial law.

Download

Restaurant Sale Agreement

A UAE legal template for transferring restaurant ownership, ensuring compliance with federal and local regulations.

Download

Purchase Agreement

A UAE legal template for purchase agreements, ensuring compliance with local commercial and civil laws.

Download

Vehicle Purchase Agreement

A UAE legal document facilitating vehicle sale and ownership transfer, ensuring compliance with federal laws and RTA regulations.

Download

Simple Asset Sale Agreement

A UAE legal template for asset sale agreements, ensuring compliance with local laws and transaction clarity.

Download

Sale Of Goods Agreement

A UAE legal template for sale of goods, ensuring compliance with local commercial laws and transaction clarity.

Download

Stock Sale Agreement

A UAE legal template for share transfer transactions, ensuring compliance with local corporate governance and ownership laws.

Download

Business Buy Sell Agreement

UAE-governed agreement template for business sale and purchase transactions, compliant with UAE Commercial Companies Law and related regulations.

Download

Sales Manager Contract

A UAE legal template for hiring sales managers, ensuring compliance with Federal Law No. 33 of 2021.

Download

Purchase Agreement For House

A UAE legal template for residential property transactions, ensuring compliance with federal and emirate-specific real estate regulations.

Download

Used Car Contract

UAE-compliant contract template for used vehicle sales, incorporating all necessary legal requirements and RTA regulations.

Download

Home Purchase Agreement

A UAE legal document outlining terms for residential property sales, ensuring compliance with local property laws and regulations.

Download

Independent Contractor Sales Commission Agreement

A UAE legal template for engaging independent sales contractors, detailing commission terms and compliance with local laws.

Download

Sale Of Shares Agreement

A UAE legal document template for documenting share sales, ensuring compliance with Commercial Companies Law and transaction specifics.

Download

Sales Rep Contract

A UAE legal template for engaging sales reps, ensuring compliance with labor and commercial agency laws.

Download

Vehicle Selling Contract

A UAE law-governed agreement for vehicle sale and ownership transfer, incorporating RTA requirements and local regulations.

Download

Private Car Sale Contract

A UAE legal template for private car sales, detailing transaction terms and ensuring compliance with local traffic laws.

Download

Sale Leaseback Agreement

A UAE legal document facilitating property sale and leaseback, ensuring compliance with federal and emirate-specific regulations.

Download

Offer To Sell

UAE-compliant template for formalizing offers to sell goods, assets, or property, structured to meet UAE Civil Code and Commercial Law requirements.

Download

International Sales Contract

A UAE-law governed template for international sales contracts, detailing essential terms for cross-border trade compliance.

Download

Deed Of Sale Property

A UAE legal document template for property sale, detailing transaction terms and complying with federal and emirate-specific laws.

Download

Absolute Deed Of Sale Car

A UAE-compliant legal document that records and facilitates the complete transfer of vehicle ownership from seller to buyer, meeting all RTA requirements.

Download

Vehicle Purchase Form

UAE-compliant legal form for documenting vehicle purchase transactions, meeting all local regulatory requirements for ownership transfer and registration.

Download

Master Sales Agreement

A UAE-law governed template for ongoing sales agreements, incorporating local legal requirements and international practices.

Download

Pre Sale Agreement

A UAE legal document outlining terms for off-plan property sales, ensuring compliance with local real estate regulations.

Download

Installment Sale Agreement

A UAE legal template for documenting installment sales, ensuring compliance with local laws and Sharia principles.

Download

Contract To Sell Land

A UAE law-governed agreement for the sale and transfer of land ownership, complying with federal and emirate-specific property regulations.

Download

Sales Partnership Agreement

A UAE legal template for establishing sales partnerships, ensuring compliance with local commercial agency laws.

Download

Product Sales Agreement

A UAE-law governed template for product sales agreements, ensuring compliance with local commercial and consumer protection laws.

Download

Private Sale Contract

A UAE legal template for private sale transactions, ensuring compliance with local civil and commercial laws.

Download

Consignment Sales Agreement

A UAE consignment sales agreement template outlining legal terms for inventory distribution without ownership transfer.

Download

Art Sale Contract

UAE-law governed art sale contract template ensuring compliance with local regulations and international transaction standards.

Download

Buyer Seller Agreement

A UAE legal template for buyer-seller agreements, covering commercial transactions under federal laws and local practices.

Download

Software Sales Contract

A UAE legal template for software sales and licensing agreements, ensuring compliance with local electronic commerce laws.

Download

Lease To Purchase Contract

UAE-governed agreement combining property lease terms with a future purchase option, compliant with UAE federal and emirate-specific property laws.

Download

Deed Of Sale Property

A UAE-compliant legal document facilitating property ownership transfer, detailing terms and conditions while meeting local registration requirements.

Download

Buy Sell Agreement

A UAE legal template for formalizing asset or business sales, aligning with local laws and commercial practices.

Download

Simple Asset Sale Agreement

A UAE-compliant template for documenting the sale and transfer of assets between parties, incorporating essential legal requirements and protections under UAE law.

Download

Software Sales Contract

UAE-compliant Software Sales Contract Template covering software licensing, implementation, and maintenance agreements under UAE Federal laws.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it