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The Offer To Purchase Contract is a crucial document in Saudi Arabian real estate transactions, serving as the initial binding agreement between a prospective buyer and seller. It is typically used when a serious buyer wishes to formalize their intent to purchase a property, whether commercial, residential, or industrial. The document includes essential elements required under Saudi law, such as clear property identification, purchase price, payment terms, and conditions precedent. It must comply with both Sharia principles and modern commercial regulations, including recent reforms under Vision 2030. This contract type is particularly important in the Saudi market as it helps secure the buyer's position while allowing for necessary due diligence and financing arrangements. The document also addresses specific requirements of the Saudi legal system, such as property registration procedures and any necessary governmental approvals.

1. Parties: Identification of the buyer (purchaser) and seller, including full legal names, addresses, and commercial registration numbers if applicable

2. Background: Context of the transaction and brief description of the property being offered for purchase

3. Definitions: Key terms used throughout the document, including technical and legal terminology

4. Property Description: Detailed description of the property, including location, dimensions, and registration details

5. Purchase Price: Specified amount and currency of the purchase offer, including payment structure and terms

6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and method of payment

7. Conditions Precedent: Conditions that must be satisfied before the contract becomes binding

8. Due Diligence: Buyer's right to inspect and investigate the property and related documents

9. Seller's Representations and Warranties: Statements and guarantees regarding the property's condition, ownership, and legal status

10. Closing Process: Steps and requirements for completing the transaction

11. Title Transfer: Process and requirements for transferring property ownership

12. Default and Remedies: Consequences and available remedies in case of breach by either party

13. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction for disputes

14. Notices: Methods and addresses for official communications between parties

15. Execution: Signature requirements and execution process