The Discount Agreement is a crucial commercial document used in Saudi Arabian business relationships to formalize preferential pricing arrangements between trading partners. It is particularly valuable when establishing long-term business relationships involving regular transactions where volume-based or performance-linked discounts are offered. The agreement ensures compliance with Saudi Arabian commercial laws, including the Commercial Courts Law and Anti-Commercial Fraud Law, while adhering to Shariah principles. This document is essential for businesses looking to structure their pricing incentives transparently and legally, providing clear frameworks for discount calculations, qualification criteria, and implementation procedures. The Discount Agreement typically includes detailed schedules for discount rates, calculation methodologies, and operational procedures, making it a comprehensive tool for managing commercial discount programs in the Saudi Arabian market.
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1. Parties: Identification of the parties entering into the agreement, including full legal names, commercial registration numbers, and authorized representatives
2. Background: Context of the agreement, existing business relationship, and purpose of the discount arrangement
3. Definitions: Key terms used throughout the agreement, including types of discounts, calculation methods, and relevant business terminology
4. Discount Structure: Detailed explanation of discount types, rates, tiers, and calculation methodologies
5. Qualification Criteria: Conditions and requirements that must be met to qualify for various discount levels
6. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
7. Payment Terms: Process and timing for applying discounts, invoicing, and settlement procedures
8. Compliance: Adherence to Saudi regulations, including pricing transparency and consumer protection requirements
9. Confidentiality: Protection of sensitive commercial information exchanged under the agreement
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution procedures
1. Volume Commitments: Used when discounts are tied to specific purchase volumes or commitments
2. Marketing Cooperation: Include when parties agree to joint promotional activities or marketing requirements
3. E-commerce Provisions: Required when discounts apply to online sales channels
4. Audit Rights: Include when regular verification of discount calculations is needed
5. Force Majeure: Optional protection against unforeseen circumstances affecting discount program
6. Anti-corruption: Include for high-value agreements or when dealing with government entities
7. Data Protection: Required when customer data processing is involved in discount program administration
1. Discount Rate Card: Detailed breakdown of all discount rates, tiers, and applicable products/services
2. Calculation Examples: Practical examples showing how different discounts are calculated
3. Operational Procedures: Step-by-step process for implementing and claiming discounts
4. Reporting Templates: Standard forms for tracking and reporting discount-related activities
5. Product/Service List: Comprehensive list of items covered under the discount agreement
6. Contact Details: Key personnel responsible for discount program administration
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Distribution
Fast-Moving Consumer Goods
Electronics
Automotive
Healthcare
Construction Materials
Food and Beverage
Telecommunications
Professional Services
Industrial Equipment
Relevant Teams
Legal
Commercial
Sales
Procurement
Finance
Compliance
Operations
Business Development
Supply Chain
Risk Management
Account Management
Relevant Roles
Commercial Director
Sales Manager
Procurement Manager
Legal Counsel
Finance Director
Commercial Contract Manager
Business Development Manager
Pricing Analyst
Operations Manager
Compliance Officer
Account Manager
Chief Financial Officer
Supply Chain Manager
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