Used Car Sale Agreement

Document Summary

This template is used to record a used car purchase transaction. This agreement sets out the necessary clauses to finalize a car purchase transaction including the description of the car, purchase price and ownership transfer.

Description

There are certain documents that must be presented before the Roads and Transport Authority in the Emirate of Dubai to transfer the ownership of a car, being the emirates ID of the seller and the buyer in the case of individuals, the car insurance policy and the technical inspection of the car. There are also other requirements in case the seller or buyer is a company.

This Agreement contains the following sections:

1. Preamble
2. Description of the Car
3. Purchase Amount and Payment Terms
4. Insurance Policy
5. Traffic Fines
6. Technical Inspection Report
7. Car Plate
8. Mortgage
9. Effective Date of Transfer
10. Delivery of the Car
11. Assignment
12. Release of Liability
13. Termination
14. Counterparts
15. Entire Agreement
16. Severability
17. Language
18. Governing Law and Jurisdiction

Jurisdiction

This document is intended for use in the Emirate of Dubai.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.