The Conditional Agreement is a crucial legal instrument in Saudi Arabian business transactions where parties wish to establish binding commitments that are contingent upon specific events or requirements being fulfilled. This document type is particularly valuable in complex commercial arrangements where certain prerequisites must be met before the main obligations take effect. The agreement must comply with both Saudi Arabian law and Sharia principles, making it distinct from conditional agreements in other jurisdictions. It typically includes detailed conditions precedent, mechanisms for verification, specific timelines, and consequences of condition fulfillment or failure. Common applications include real estate transactions, corporate acquisitions, project development, and investment agreements where regulatory approvals, due diligence, or specific commercial conditions must be satisfied before proceeding with the main transaction.
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 parties to the agreement with full legal names and addresses
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Conditions Precedent: Clear statement of all conditions that must be satisfied before the agreement becomes effective
5. Condition Fulfillment Process: Process for determining and declaring when conditions have been met
6. Rights and Obligations: Parties' rights and obligations both before and after conditions are met
7. Time Periods: Deadlines for satisfaction of conditions and consequences of non-satisfaction
8. Representations and Warranties: Standard and specific representations and warranties from each party
9. Termination: Circumstances under which the agreement may be terminated, including failure of conditions
10. Governing Law and Jurisdiction: Confirmation of Saudi law as governing law and jurisdiction for disputes
11. Notices: Process for formal communications between parties
12. Execution: Signature blocks and execution formalities
1. Confidentiality: Required if parties will exchange sensitive information during the conditional period
2. Force Majeure: Include if external events could impact the satisfaction of conditions
3. Assignment: Include if rights under the agreement may need to be transferred
4. Costs and Expenses: Include if there are significant costs associated with satisfying conditions
5. Third Party Rights: Include if any third parties have rights under the agreement
6. Islamic Finance Compliance: Required if the agreement involves financial transactions that must comply with Sharia principles
7. Language: Include if the agreement will be executed in multiple languages
1. Conditions Precedent Checklist: Detailed list of all required conditions and their status
2. Form of Condition Satisfaction Notice: Template for formal notification of condition satisfaction
3. Required Documents: List of documents required to satisfy conditions
4. Timeline: Detailed timeline for satisfaction of conditions
5. Form of Power of Attorney: If required for execution or condition satisfaction
6. Related Agreements: List and copies of any related agreements referenced in main agreement
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Financial Services
Energy
Manufacturing
Technology
Healthcare
Infrastructure
Mining
Telecommunications
Retail
Transportation
Agriculture
Education
Relevant Teams
Legal
Compliance
Commercial
Business Development
Corporate Affairs
Risk Management
Operations
Finance
Project Management
Executive Leadership
Investment
Regulatory Affairs
Relevant Roles
Legal Counsel
Contract Manager
Business Development Manager
Chief Legal Officer
Commercial Director
Project Manager
Corporate Secretary
Compliance Officer
Risk Manager
Chief Executive Officer
Chief Financial Officer
Investment Manager
Operations Director
General Counsel
Transaction Manager
Find the exact document you need
Selling Real Estate Contract
A Saudi Arabian real estate sales contract template compliant with local laws and Sharia principles, facilitating property transfers and ensuring regulatory compliance.
Download
Wholesaling Real Estate Contract
A Saudi Arabia-compliant wholesale real estate contract governing bulk property transactions under local law and Shariah principles.
Download
Non Binding Agreement
A non-binding agreement template for use under Saudi Arabian jurisdiction, combining Sharia law principles with modern commercial practices to document parties' intentions without creating legal obligations.
Download
Non Compete Form
A Saudi Arabian legal document restricting post-employment competitive activities, governed by Saudi Labor Law and Sharia principles.
Download
Agreement For Job Work
A Saudi Arabian law-governed agreement between client and contractor defining terms and conditions for specific job work or project-based services.
Download
Non Disclosure Form
Saudi Arabia-compliant Non-Disclosure Agreement template for protecting confidential information exchange under Saudi law and Shariah principles.
Download
Videography Contract
A Saudi Arabian law-governed agreement for professional videography services, ensuring compliance with local regulations while defining service terms and deliverables.
Download
Subscription Agreement
A Saudi law-governed agreement establishing terms for subscription-based services, compliant with local regulations and Shariah principles.
Download
Production Contract
A Saudi Arabian law-governed agreement establishing terms and conditions for manufacturing or production activities, ensuring compliance with local regulations and Sharia principles.
Download
Novation Agreement (Real Estate)
A Saudi Arabian law-governed agreement transferring real estate contract rights and obligations from one party to another, ensuring compliance with Shariah principles and local property regulations.
Download
Option Contract (Real Estate)
A Sharia-compliant agreement under Saudi Arabian law granting the right to purchase specified real estate at predetermined terms within an agreed timeframe.
Download
Labor Contract
A Saudi Arabian employment agreement that establishes terms and conditions of employment while ensuring compliance with Saudi Labor Law and regulations.
Download
Franchise Agreement
A Saudi Arabian law-governed agreement establishing a franchise relationship, granting business operational rights while ensuring compliance with local regulations and Sharia principles.
Download
Common Agreement
A general-purpose legal agreement template compliant with Saudi Arabian law and Sharia principles, suitable for establishing business relationships in Saudi Arabia.
Download
Barter Agreement
A Saudi Arabian law-governed agreement facilitating the direct exchange of goods/services between parties, structured to comply with both Sharia and commercial law requirements.
Download
Unregistered Sale Agreement With Possession
A Saudi Arabian agreement facilitating property sale and possession transfer without immediate registration, compliant with local law and Sharia principles.
Download
Master Contract
A Saudi law-governed framework agreement establishing terms for ongoing business relationships, compliant with Shariah principles and local regulations.
Download
Notarial Contract
A legally authenticated contract under Saudi Arabian law, officially verified and certified by a licensed notary public, providing enhanced legal security and evidential value.
Download
House Rent Agreement Form
A Saudi Arabian residential lease agreement that establishes rental terms between landlord and tenant, compliant with local laws and Ejar system requirements.
Download
Partnership Agreement Form
A Saudi Arabian law-governed agreement establishing and regulating a business partnership, ensuring compliance with local regulations and Sharia principles.
Download
Landscape Contract
A Saudi Arabian law-governed contract for landscape construction and maintenance services, including works specifications and environmental compliance requirements.
Download
Guarantee Contract
A Saudi Arabian law-governed contract where a guarantor assumes responsibility for another party's obligations to a beneficiary, structured in compliance with Sharia principles and local commercial laws.
Download
Tenancy Agreement Form
A Saudi Arabian lease agreement template that establishes property rental terms between landlord and tenant, compliant with Saudi Tenancy Law and Sharia principles.
Download
Simple Rental Agreement Form
A Saudi Arabia-compliant rental agreement template for residential and commercial properties, incorporating local legal requirements and Shariah principles.
Download
Money Agreement Between Two Parties
A Sharia-compliant money agreement under Saudi Arabian law establishing financial arrangements between two parties with specific terms and conditions.
Download
Side Agreement
A supplementary agreement under Saudi Arabian law that modifies or adds to the terms of a primary agreement while ensuring Shariah compliance.
Download
Novation Contract
A Saudi Arabian law-governed agreement transferring contractual rights and obligations from one party to another, with consent of all parties involved.
Download
Mutual Agreement Between Two Parties
A bilateral agreement template compliant with Saudi Arabian law and Sharia principles, establishing mutual rights and obligations between two contracting parties.
Download
Contract For Selling A Car
A Saudi Arabian law-compliant agreement for the sale and transfer of vehicle ownership, incorporating local regulatory requirements and Sharia principles.
Download
Business Transfer Agreement
A Saudi law-governed agreement for transferring business ownership, including assets, liabilities, and operational elements from one entity to another.
Download
Tooling Agreement
A Saudi Arabian law-governed agreement establishing terms for industrial tooling supply, ownership, and usage, compliant with local commercial and Sharia law requirements.
Download
Representation Agreement
A Saudi law-governed agreement establishing the terms and conditions for commercial representation between a principal company and its Saudi representative.
Download
Notary Rent Agreement
A notarized rental agreement compliant with Saudi Arabian law and Ejar system requirements, establishing terms for property lease.
Download
Non Compete Agreement Between Companies
A Saudi Arabian law-compliant agreement restricting competitive activities between companies within specified parameters and timeframes.
Download
Land Agreement Between Two Parties
A Saudi Arabian land agreement document that formalizes property rights transfer between two parties, compliant with Sharia law and local regulations.
Download
Buyer Agency Agreement
A Saudi Arabian law-governed agreement establishing the relationship between a property buyer and their real estate agent, outlining services, obligations, and compensation terms.
Download
Commercial Lease Form
A Saudi Arabian commercial lease agreement template that establishes terms for leasing business properties, compliant with local laws and Shariah principles.
Download
Vending Machine Contract
A Saudi Arabia-governed agreement for vending machine installation and operation, compliant with local commercial law and Sharia principles.
Download
Contra Agreement
A Saudi Arabian law-governed agreement facilitating the exchange of goods/services between parties without primary monetary consideration, compliant with Sharia and local commercial regulations.
Download
Catering Contract
A Saudi Arabian law-governed agreement establishing terms for catering services provision, incorporating local regulatory requirements and Halal compliance.
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)