The Advance Purchase Agreement is essential in Saudi Arabian commercial transactions where advance payments are required to secure goods or services. This document is particularly relevant in industries requiring significant capital investment or custom-manufactured items, where suppliers need upfront funding to commence production or secure materials. The agreement must comply with both Saudi commercial law and Sharia principles, particularly regarding the certainty of obligations and the permissibility of advance payments. It typically includes detailed specifications of goods/services, payment terms, delivery schedules, and quality requirements, along with appropriate security mechanisms such as bank guarantees or documentary credits to protect the buyer's advance payment. The document is structured to provide clear rights and obligations while ensuring enforceability under Saudi jurisdiction.
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.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all contracting parties with full legal names and addresses
2. Background: Context of the agreement and general commercial intent of the parties
3. Definitions: Key terms used throughout the agreement
4. Subject Matter: Detailed description of goods/services being purchased, including specifications and quantities
5. Purchase Price and Payment Terms: Total price, advance payment amount, payment schedule, and payment methods
6. Delivery Terms: Delivery schedule, location, and conditions
7. Quality Specifications: Quality standards, inspection rights, and acceptance criteria
8. Warranties and Representations: Warranties regarding goods/services, capacity to contract, and Sharia compliance
9. Risk and Title: Transfer of risk and ownership provisions
10. Term and Termination: Duration of agreement and termination rights
11. Force Majeure: Events excusing performance and their consequences
12. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanism
13. Notices: Communication procedures between parties
14. Entire Agreement: Integration clause and relationship to other documents
1. Intellectual Property Rights: Include when the purchase involves technology, software, or branded products
2. Confidentiality: Include when sensitive information will be exchanged
3. Insurance: Include when specific insurance requirements are needed for high-value or high-risk goods
4. Security Arrangements: Include when additional security for advance payment is required (bank guarantees, letters of credit)
5. Import/Export Provisions: Include for international transactions
6. Change Control: Include when specifications or requirements might need modification during the contract period
7. Step-In Rights: Include for critical supply arrangements where alternative supply arrangements might be needed
1. Schedule 1 - Product Specifications: Detailed technical specifications of goods/services
2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, including any variable components
3. Schedule 3 - Delivery Schedule: Detailed timeline for deliveries or performance
4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures
5. Schedule 5 - Form of Bank Guarantee: Template for any required bank guarantees
6. Schedule 6 - Key Personnel: List of key contacts and responsible personnel from each party
7. Appendix A - Technical Documents: Supporting technical documentation and drawings
8. Appendix B - Compliance Certificates: Required regulatory or quality certifications
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Construction
Technology
Industrial Equipment
Automotive
Energy
Consumer Goods
Healthcare
Agriculture
Mining
Real Estate Development
Infrastructure
Relevant Teams
Legal
Procurement
Finance
Supply Chain
Operations
Risk & Compliance
Commercial
Project Management
Relevant Roles
Procurement Manager
Commercial Director
Supply Chain Manager
Legal Counsel
Contract Manager
Chief Financial Officer
Operations Director
Project Manager
Finance Manager
Purchasing Officer
Risk Manager
Compliance Officer
Find the exact document you need
Installment Sales Contract (Real Estate)
A Sharia-compliant real estate installment sales agreement under Saudi Arabian law, establishing terms for property sale through structured payments.
Download
Forward Purchase Agreement (Real Estate)
A Saudi Arabian law-governed agreement for the future purchase of real estate property, typically used for off-plan or under-construction properties, incorporating local regulatory and Shariah requirements.
Download
Discount Agreement
A Saudi Arabian law-governed agreement establishing discount arrangements between commercial parties, including discount structures, qualification criteria, and compliance requirements.
Download
Sellers Agreement (Real Estate)
A Saudi Arabian law-governed agreement for real estate property sale and purchase, incorporating both civil and Shariah law requirements.
Download
Investment Agreement Between Individual And Individual
A Saudi Arabian law-governed agreement between two individual investors establishing terms for investment cooperation in compliance with Sharia principles.
Download
Asset Sale And Purchase Agreement
A legal agreement governing asset transfers between parties in Saudi Arabia, compliant with local laws and Sharia principles.
Download
For Sale By Owner Purchase Contract
A Saudi Arabian compliant purchase agreement for direct property sales between private individuals, covering all essential elements required for legal property transfer under Saudi law.
Download
Binding Purchase Agreement
A Saudi law-governed agreement that establishes legally binding terms for purchase transactions, ensuring Sharia compliance and commercial certainty.
Download
Equity Investment Contract
A Saudi Arabian law-governed agreement detailing terms and conditions for equity investment in a company, including shareholder rights and governance arrangements.
Download
Car Transfer Agreement
A legally binding agreement for transferring vehicle ownership between parties under Saudi Arabian law, incorporating local Traffic Department requirements and Sharia principles.
Download
Car Purchase Contract
A Saudi Arabian law-governed contract for the sale and purchase of a motor vehicle, ensuring legal compliance and protecting both parties' interests.
Download
Car Sale By Owner Contract
A contract for private vehicle sales in Saudi Arabia, governing the transfer of vehicle ownership between individuals in compliance with Saudi law and Sharia principles.
Download
Shares Agreement
A legally binding agreement governing the sale and transfer of shares between parties under Saudi Arabian law, incorporating local regulatory requirements and Sharia compliance.
Download
Sell Agreement
A Sharia-compliant sale agreement under Saudi Arabian law documenting the transfer of goods or assets between parties with associated terms and conditions.
Download
Offer To Purchase Agreement
A legally binding offer to purchase property in Saudi Arabia, compliant with Saudi law and Sharia principles, outlining purchase terms and conditions.
Download
Second Hand Car Purchase Agreement
A Saudi Arabian law-governed agreement for the sale and purchase of used vehicles, ensuring compliant transfer of ownership and protecting both parties' interests.
Download
Public Offer Agreement
A Saudi Arabian law-compliant agreement setting out terms and conditions for public offers of products or services to potential customers.
Download
Buyback Agreement
A Shariah-compliant agreement under Saudi Arabian law governing the sale of an asset with a commitment to repurchase it at a specified future date and price.
Download
Vehicle Hire Purchase Agreement
A Sharia-compliant vehicle financing agreement under Saudi Arabian law enabling purchase through installment payments while the seller retains ownership until full payment.
Download
Simple Home Purchase Agreement
A Sharia-compliant residential property purchase agreement for use in Saudi Arabia, facilitating legal transfer of home ownership.
Download
Letter Of Intent To Purchase Residential Property
A preliminary agreement outlining the intent to purchase residential property in Saudi Arabia, setting forth key terms and conditions in compliance with Saudi law and Sharia principles.
Download
Lease With Option To Purchase Agreement
Saudi Arabian lease agreement template with purchase option, compliant with local law and Sharia principles.
Download
Conditional Purchase Agreement
A Saudi Arabian law-governed agreement setting out terms for a conditional purchase transaction, compliant with Sharia and local commercial law requirements.
Download
Advance Agreement For Land Purchase
A preliminary land purchase agreement under Saudi law, setting terms and conditions for future land transfer while ensuring compliance with local regulations and Shariah principles.
Download
Sales Agreement For A Car
A Saudi Arabian law-compliant agreement documenting the sale and transfer of ownership of a vehicle between parties, incorporating both civil and Sharia law requirements.
Download
Personal Property Purchase Agreement
A Saudi Arabian law-compliant agreement for the sale and purchase of personal property, incorporating Sharia principles and local commercial regulations.
Download
Option To Purchase Contract
A Sharia-compliant agreement under Saudi Arabian law granting an exclusive right to purchase specified property or assets under predetermined terms and conditions.
Download
Land Sales Agreement
A Saudi Arabian law-compliant agreement for the sale and purchase of land, incorporating all necessary legal requirements and Sharia principles.
Download
Flat Buying Agreement
A legal agreement for the purchase and sale of residential flats in Saudi Arabia, outlining terms, conditions, and requirements under Saudi law.
Download
Option Purchase Contract Car
A Saudi Arabian law-governed agreement granting the right to purchase a specified vehicle at a predetermined price within an agreed timeframe, compliant with both commercial and Sharia law.
Download
Truck Purchase Agreement
A Saudi Arabian law-governed agreement for the purchase and sale of commercial trucks, ensuring compliance with local regulations and Sharia principles.
Download
As Is Real Estate Contract Form
A Saudi Arabian real estate purchase agreement for properties sold in their current condition, compliant with Shariah law and local regulations.
Download
House Offer Contract
A Saudi Arabian law-compliant contract presenting a formal offer to purchase residential property, outlining key terms and conditions of the proposed transaction.
Download
Purchasers Agreement
A Sharia-compliant Purchase Agreement under Saudi Arabian law governing the sale and purchase of goods or assets, detailing terms, conditions, and obligations of all parties.
Download
Buy In Agreement
A Sharia-compliant agreement under Saudi Arabian law governing the acquisition of an ownership stake in an existing business by a new investor.
Download
Asset Purchase Form
A Saudi Arabian law-compliant document facilitating the legal transfer of assets between parties, incorporating local commercial and Shariah law requirements.
Download
Used Vehicle Purchase Agreement
A legally binding agreement for used vehicle sales in Saudi Arabia, compliant with Saudi law and Sharia principles, detailing sale terms and ownership transfer requirements.
Download
Simple Offer To Purchase Land Form
A Saudi Arabian legal document presenting a formal offer to purchase land property, incorporating local legal requirements and Shariah compliance.
Download
Stock Buyout Agreement
A Saudi law-governed agreement detailing terms and conditions for share purchase from existing shareholders, ensuring compliance with local regulations and Shariah principles.
Download
Real Estate Purchase Agreement With Seller Financing
A Saudi Arabian law-governed agreement for real estate purchase with seller-provided financing, incorporating Islamic finance principles and local property regulations.
Download
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
.png)