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The Contract of Deed of Sale is a crucial legal instrument in Saudi Arabian property transactions, used to formalize and document the transfer of property ownership between parties. This document is essential when any real estate property is being sold in Saudi Arabia, whether it's residential, commercial, or industrial property. The contract must strictly comply with Saudi law and Sharia principles, containing detailed information about the property, parties involved, purchase price, and payment terms. It serves as the primary evidence of the transaction and is required for official registration of the property transfer with Saudi authorities. The document is particularly important as it must incorporate specific elements required under Saudi law while ensuring the transaction meets Islamic finance principles, making it significantly different from property sale contracts in non-Islamic jurisdictions.

1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and identification numbers as per Saudi requirements

2. Background: Context of the sale and confirmation that the property is owned free and clear by the Seller

3. Definitions: Key terms used throughout the agreement, including Property, Purchase Price, Completion Date, and other relevant terms

4. Sale and Purchase: Core provision stating the Seller's agreement to sell and Buyer's agreement to purchase, including the Islamic requirement of immediate transfer of ownership

5. Description of Property: Detailed description of the property including location, boundaries, size, and registration details as per Saudi land registry requirements

6. Purchase Price and Payment: Specification of the purchase price, payment terms, and method of payment in compliance with Sharia principles

7. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and compliance with Sharia principles

8. Completion: Details of the completion process, including documentation, registration requirements, and handover procedures

9. Registration and Transfer: Procedures for registering the transfer with relevant Saudi authorities

10. Taxes and Fees: Allocation of responsibility for various taxes, registration fees, and other costs

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction of Saudi courts

12. Execution: Signature blocks and attestation requirements as per Saudi law