The Buyer Seller Contract is a fundamental commercial document used in Saudi Arabia to formalize transactions between parties engaged in the sale and purchase of goods. This document is essential for both domestic and international trade transactions within the Saudi Arabian jurisdiction, providing a legally enforceable framework that complies with Islamic Sharia principles and Saudi commercial law. The contract is particularly important as it helps prevent disputes by clearly defining the terms of sale, including product specifications, pricing, delivery terms, and quality standards. It serves businesses of all sizes and can be adapted for various industries while maintaining compliance with local regulations. The document is structured to protect both parties' interests and typically includes provisions for dispute resolution through Saudi commercial courts or alternative dispute resolution mechanisms.
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1. Parties: Identification and details of the buyer and seller, including full legal names, addresses, and commercial registration numbers
2. Background: Context of the transaction and relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter of Sale: Detailed description of the goods or products being sold
5. Price and Payment Terms: Purchase price, payment schedule, and payment methods
6. Delivery Terms: Delivery timeline, location, and responsibilities
7. Title and Risk: Transfer of ownership and risk in the goods
8. Warranties and Representations: Warranties regarding the goods and general representations by both parties
9. Quality and Inspection: Quality standards, inspection procedures, and acceptance criteria
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law
12. Force Majeure: Provisions for unforeseen circumstances preventing contract performance
13. Notices: Methods and addresses for official communications between parties
14. General Provisions: Standard legal provisions including amendments, waiver, and severability
1. International Shipping Terms: Required for international sales, including Incoterms and customs requirements
2. Letter of Credit: Details of letter of credit arrangements when applicable as payment method
3. Product Support: Post-sale support terms when dealing with technical or complex products
4. Intellectual Property: IP rights and licenses when products involve intellectual property
5. Confidentiality: Required when sensitive information is shared during the transaction
6. Insurance: Specific insurance requirements for high-value or high-risk goods
7. Training and Implementation: Required for products needing installation or user training
8. Compliance with Sharia: Detailed Sharia compliance provisions for specific Islamic financing structures
1. Schedule 1 - Product Specifications: Detailed technical specifications of the products
2. Schedule 2 - Pricing Schedule: Detailed pricing information, including any volume discounts or special pricing terms
3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and milestones
4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures
5. Schedule 5 - Warranty Terms: Detailed warranty terms and procedures
6. Appendix A - Required Documents: List of required documentation for the transaction
7. Appendix B - Contact Information: Key contacts for both parties for various aspects of the contract
8. Appendix C - Payment Procedures: Detailed payment procedures and banking information
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Trading
Import/Export
Consumer Goods
Industrial Equipment
Technology
Automotive
Construction Materials
Food and Beverage
Electronics
Textiles
Healthcare Products
Agricultural Products
Relevant Teams
Legal
Procurement
Sales
Finance
Operations
Compliance
Supply Chain
Commercial
Risk Management
Contract Administration
Business Development
Relevant Roles
Procurement Manager
Sales Director
Legal Counsel
Commercial Director
Supply Chain Manager
Contract Administrator
Business Development Manager
Finance Manager
Operations Manager
Compliance Officer
Import/Export Manager
Chief Commercial Officer
General Counsel
Trading Manager
Risk Manager
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