A trading contract, also known as a sales contract or purchase agreement, is a legally binding document that outlines the terms and conditions of a transaction between two parties involved in the exchange of goods or services. In the UAE, trading contracts are fundamental to conducting business activities smoothly and efficiently. These contracts typically cover aspects such as the nature of goods or services, quantity, quality standards, delivery schedules, payment terms, and dispute resolution mechanisms.
One of the most critical considerations in trading contracts is adhering to the UAE’s civil and commercial laws. Engaging legal experts who are well-versed in local regulations can help businesses avoid drawbacks and ensure compliance.