Ƶ

Price Agreement for Saudi Arabia

Price Agreement Template for Saudi Arabia

A Price Agreement governed by Saudi Arabian law is a comprehensive commercial contract that establishes the pricing terms, conditions, and mechanisms between parties for goods or services. This document complies with Saudi commercial regulations and Sharia law principles, providing a framework for pricing arrangements, payment terms, adjustment mechanisms, and related commercial conditions. It includes provisions for price modifications, volume commitments, and dispute resolution while ensuring compliance with local regulatory requirements and commercial practices.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Price Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Price Agreement?

A Price Agreement is essential for businesses operating in Saudi Arabia who need to establish clear, legally compliant pricing arrangements for ongoing commercial relationships. This document type is particularly relevant when parties need to formalize pricing terms, volume commitments, and payment conditions over an extended period. The agreement must comply with Saudi Arabian commercial law and Sharia principles, which require clarity in pricing and prohibition of excessive uncertainty (gharar). It's commonly used in supply relationships, distribution arrangements, and service contracts where regular pricing reviews or volume-based pricing are needed. The document typically includes detailed pricing mechanisms, adjustment formulas, and compliance requirements specific to Saudi jurisdiction, making it suitable for both private sector transactions and government procurement arrangements.

What sections should be included in a Price Agreement?

1. Parties: Identification of all contracting parties 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. Scope of Agreement: Clear delineation of products/services covered under the pricing agreement

5. Pricing Structure: Detailed explanation of agreed prices, pricing mechanisms, and any adjustment formulas

6. Payment Terms: Payment conditions, timing, method, and currency of payment

7. Duration and Renewal: Term of the agreement and conditions for renewal

8. Obligations of the Parties: Key responsibilities and commitments of each party

9. Price Adjustment Mechanisms: Procedures and conditions for price modifications during the agreement term

10. Compliance with Laws: Commitment to comply with relevant Saudi laws and regulations

11. Confidentiality: Protection of confidential information exchanged during the agreement

12. Termination: Conditions and procedures for termination of the agreement

13. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes

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

What sections are optional to include in a Price Agreement?

1. Volume Commitments: Used when the agreement includes minimum purchase or supply commitments

2. Exclusivity: Included when there are exclusive dealing arrangements between the parties

3. Force Majeure: Provisions for unforeseeable circumstances preventing performance

4. Insurance: Required when specific insurance coverage is necessary for the agreement

5. Quality Standards: Included when specific quality requirements are essential to the pricing structure

6. Audit Rights: Used when parties require rights to audit pricing and payment records

7. Anti-Corruption: Required for compliance with anti-corruption laws, especially in government-related contracts

8. Assignment: Included when transfer of rights needs to be addressed

9. Dispute Resolution: Alternative dispute resolution mechanisms if preferred over court jurisdiction

What schedules should be included in a Price Agreement?

1. Schedule A - Price List: Detailed listing of all prices for products/services covered by the agreement

2. Schedule B - Price Adjustment Formula: Specific formulas and mechanisms for price adjustments

3. Schedule C - Service Level Requirements: Performance metrics and standards tied to pricing, if applicable

4. Schedule D - Product/Service Specifications: Detailed specifications of products/services covered by the pricing

5. Schedule E - Reporting Requirements: Templates and requirements for price-related reporting

6. Schedule F - Key Performance Indicators: Metrics used to measure performance and impact on pricing

7. Appendix 1 - Contact Details: List of key contacts for pricing and contract administration

8. Appendix 2 - Required Documentation: Forms and documents required for price adjustments or payments

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Saudi Arabia

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions



































Clauses



































Relevant Industries

Manufacturing

Oil & Gas

Construction

Retail

Healthcare

Technology

Telecommunications

Transportation & Logistics

Consumer Goods

Industrial Equipment

Energy

Mining

Petrochemicals

Food & Beverage

Automotive

Relevant Teams

Legal

Procurement

Commercial

Finance

Sales

Operations

Supply Chain

Risk & Compliance

Business Development

Contract Administration

Pricing

Category Management

Relevant Roles

Commercial Director

Procurement Manager

Legal Counsel

Contract Manager

Sales Director

Business Development Manager

Supply Chain Manager

Finance Manager

Operations Director

Pricing Analyst

Category Manager

Commercial Operations Manager

Chief Financial Officer

Compliance Officer

Risk Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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
See more related templates

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