The Buyer's Agreement Form is a fundamental commercial document used in Saudi Arabia to establish and formalize purchasing arrangements between parties. This document is essential when organizations or individuals engage in significant procurement activities and require a formal, legally-binding agreement that complies with Saudi Arabian law and Sharia principles. The agreement covers crucial aspects including product specifications, payment terms, delivery conditions, warranties, and dispute resolution mechanisms. It is particularly important in the Saudi Arabian context as it must incorporate specific provisions required by local commercial regulations, consumer protection laws, and Islamic financial principles. The document serves as a comprehensive framework for protecting both buyer and seller interests while ensuring compliance with local legal requirements and business practices.
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1. Parties: Identification of the buyer and seller, including full legal names, addresses, and commercial registration details
2. Background: Context of the agreement and general purpose of the transaction
3. Definitions: Key terms used throughout the agreement defined in accordance with Saudi commercial practice
4. Subject Matter of Sale: Detailed description of the goods or services being purchased
5. Purchase Price and Payment Terms: Price, payment schedule, and payment methods, including VAT considerations
6. Delivery Terms: Delivery schedule, location, and conditions for acceptance of delivery
7. Quality and Specifications: Required standards, specifications, and quality requirements of the goods
8. Warranties and Representations: Seller's warranties regarding the goods and buyer's acknowledgments
9. Term and Termination: Duration of the agreement and circumstances for termination
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanisms
11. Force Majeure: Events beyond parties' control affecting contract performance
12. Notices: Method and addresses for official communications between parties
13. Entire Agreement: Statement confirming the document represents the complete agreement between parties
1. Inspection Rights: Used when buyer requires right to inspect goods before acceptance
2. Islamic Finance Provisions: Required when purchase involves Islamic financing arrangements
3. Intellectual Property Rights: Included when purchase involves software, technology or branded products
4. Confidentiality: Added for transactions involving sensitive commercial information
5. Insurance Requirements: Include when specific insurance coverage is required for high-value goods
6. Training and Support: Used when purchase includes technical equipment requiring seller support
7. Export/Import Compliance: Required for international transactions
8. Assignment Rights: Include when either party may need to transfer rights under the agreement
1. Schedule 1 - Product Specifications: Detailed technical specifications of goods being purchased
2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, including any volume discounts
3. Schedule 3 - Delivery Schedule: Detailed timeline for delivery of goods or services
4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures
5. Schedule 5 - Warranty Terms: Detailed warranty terms and claim procedures
6. Appendix A - Required Documents: List of documents required for the transaction
7. Appendix B - Contact Details: Key contact persons for both parties
8. Appendix C - Compliance Certificates: Copies of required regulatory certificates and permits
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Construction
Technology
Healthcare
Energy
Automotive
Industrial Equipment
Consumer Goods
Electronics
Telecommunications
Food and Beverage
Pharmaceuticals
Real Estate
Relevant Teams
Legal
Procurement
Finance
Operations
Supply Chain
Compliance
Risk Management
Commercial Operations
Contract Administration
Business Development
Relevant Roles
Procurement Manager
Contract Manager
Legal Counsel
Commercial Director
Supply Chain Manager
Purchasing Officer
Chief Financial Officer
Operations Manager
Business Development Manager
Compliance Officer
Risk Manager
General Counsel
Finance Director
Project Manager
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