Document background
The Agreement To Sell And Contract Of Sale is a vital commercial document used in the United Arab Emirates for facilitating the transfer of ownership of goods, assets, or property. This dual-purpose document serves both as an initial agreement outlining the parties' intention to enter into a sale transaction and as the final contract of sale, streamlining the documentation process. It is particularly useful in complex commercial transactions where parties need to document both their preliminary commitment and the final terms of sale in a single, comprehensive document. The agreement must comply with UAE Civil Code (Federal Law No. 5 of 1985) requirements and may need to address additional regulatory requirements depending on the subject matter of the sale. This document type is commonly used when parties want to ensure a smooth transition from initial agreement to final sale, while maintaining legal certainty throughout the process.
