The Purchasing Agent Agreement is a crucial document for companies operating in Saudi Arabia who wish to delegate their procurement activities to a specialized agent. This agreement is particularly important in the Saudi Arabian context due to specific requirements under the Commercial Agencies Law and Sharia principles. It is commonly used when a company needs local market expertise, wants to streamline their procurement process, or requires a dedicated agent to handle purchasing activities in specific territories. The agreement covers essential elements such as the agent's authority limits, compensation structure, compliance requirements, and reporting obligations. It must be carefully drafted to ensure compliance with Saudi regulations while protecting both parties' interests and maintaining operational efficiency. The document becomes especially relevant for international companies seeking to establish or maintain procurement operations in Saudi Arabia, as it helps navigate local business practices and regulatory requirements.
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 the Principal and the Purchasing Agent, including full legal names, addresses, and commercial registration details as required under Saudi law
2. Background: Context of the agreement, business purpose, and confirmation that parties have capacity to contract under Saudi law
3. Definitions and Interpretation: Definitions of key terms used in the agreement, including 'Products', 'Territory', 'Purchase Orders', etc., and rules of interpretation
4. Appointment and Scope: Formal appointment of the agent, territory coverage, and detailed scope of purchasing authority
5. Agent's Rights and Obligations: Detailed responsibilities including purchasing procedures, reporting requirements, and compliance with Sharia principles
6. Principal's Rights and Obligations: Principal's commitments, including provision of information, support, and payment terms
7. Financial Terms: Commission structure, payment terms, expenses, and currency (ensuring compliance with Sharia financial principles)
8. Compliance and Records: Compliance with Saudi laws, record-keeping requirements, and audit rights
9. Confidentiality: Protection of confidential information and trade secrets
10. Term and Termination: Duration of agreement, renewal terms, and grounds for termination
11. Post-Termination: Obligations and rights of parties after termination
12. General Provisions: Standard clauses including notices, amendments, governing law, and dispute resolution under Saudi jurisdiction
1. Training and Support: Include when the Principal needs to provide specific training or ongoing support to the Agent
2. Exclusivity: Include when the Agent is granted exclusive purchasing rights in specific territories or for specific products
3. Performance Targets: Include when specific purchasing targets or KPIs need to be met
4. Insurance: Include when specific insurance requirements are needed beyond standard coverage
5. Force Majeure: Include when parties want specific provisions for unforeseen circumstances (ensuring Sharia compliance)
6. Anti-Corruption: Include for enhanced compliance requirements or international transactions
7. Data Protection: Include when handling sensitive data or personal information
8. Non-Competition: Include when restricting Agent's activities with competitors (ensuring enforceability under Saudi law)
1. Schedule 1 - Products: List of products or services the Agent is authorized to purchase
2. Schedule 2 - Territory: Detailed description of geographical areas covered by the agreement
3. Schedule 3 - Commission Structure: Detailed breakdown of commission calculations and payment terms
4. Schedule 4 - Purchasing Procedures: Step-by-step procedures for making purchases, including approval processes
5. Schedule 5 - Reporting Requirements: Templates and timing for required reports
6. Schedule 6 - Key Contacts: List of key personnel and their roles for both parties
7. Appendix A - Power of Attorney: If required, formal power of attorney document compliant with Saudi law
8. Appendix B - Compliance Checklist: Checklist of regulatory requirements and compliance procedures
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Retail
Construction
Oil and Gas
Healthcare
Technology
Automotive
Industrial Equipment
Consumer Goods
Telecommunications
Pharmaceuticals
Food and Beverage
Mining
Agriculture
Textiles
Relevant Teams
Legal
Procurement
Supply Chain
Operations
Finance
Compliance
Commercial
Business Development
Risk Management
Vendor Management
Relevant Roles
Procurement Manager
Supply Chain Director
Commercial Director
Legal Counsel
Contracts Manager
Purchasing Director
Chief Procurement Officer
Business Development Manager
Operations Manager
Compliance Officer
Regional Manager
General Manager
Chief Financial Officer
Supply Chain Manager
Vendor Relations Manager
Find the exact document you need
Installment Sales Contract (Real Estate)
A Sharia-compliant real estate installment sales agreement under Saudi Arabian law, establishing terms for property sale through structured payments.
Download
Forward Purchase Agreement (Real Estate)
A Saudi Arabian law-governed agreement for the future purchase of real estate property, typically used for off-plan or under-construction properties, incorporating local regulatory and Shariah requirements.
Download
Discount Agreement
A Saudi Arabian law-governed agreement establishing discount arrangements between commercial parties, including discount structures, qualification criteria, and compliance requirements.
Download
Sellers Agreement (Real Estate)
A Saudi Arabian law-governed agreement for real estate property sale and purchase, incorporating both civil and Shariah law requirements.
Download
Investment Agreement Between Individual And Individual
A Saudi Arabian law-governed agreement between two individual investors establishing terms for investment cooperation in compliance with Sharia principles.
Download
Asset Sale And Purchase Agreement
A legal agreement governing asset transfers between parties in Saudi Arabia, compliant with local laws and Sharia principles.
Download
For Sale By Owner Purchase Contract
A Saudi Arabian compliant purchase agreement for direct property sales between private individuals, covering all essential elements required for legal property transfer under Saudi law.
Download
Binding Purchase Agreement
A Saudi law-governed agreement that establishes legally binding terms for purchase transactions, ensuring Sharia compliance and commercial certainty.
Download
Equity Investment Contract
A Saudi Arabian law-governed agreement detailing terms and conditions for equity investment in a company, including shareholder rights and governance arrangements.
Download
Car Transfer Agreement
A legally binding agreement for transferring vehicle ownership between parties under Saudi Arabian law, incorporating local Traffic Department requirements and Sharia principles.
Download
Car Purchase Contract
A Saudi Arabian law-governed contract for the sale and purchase of a motor vehicle, ensuring legal compliance and protecting both parties' interests.
Download
Car Sale By Owner Contract
A contract for private vehicle sales in Saudi Arabia, governing the transfer of vehicle ownership between individuals in compliance with Saudi law and Sharia principles.
Download
Shares Agreement
A legally binding agreement governing the sale and transfer of shares between parties under Saudi Arabian law, incorporating local regulatory requirements and Sharia compliance.
Download
Sell Agreement
A Sharia-compliant sale agreement under Saudi Arabian law documenting the transfer of goods or assets between parties with associated terms and conditions.
Download
Offer To Purchase Agreement
A legally binding offer to purchase property in Saudi Arabia, compliant with Saudi law and Sharia principles, outlining purchase terms and conditions.
Download
Second Hand Car Purchase Agreement
A Saudi Arabian law-governed agreement for the sale and purchase of used vehicles, ensuring compliant transfer of ownership and protecting both parties' interests.
Download
Public Offer Agreement
A Saudi Arabian law-compliant agreement setting out terms and conditions for public offers of products or services to potential customers.
Download
Buyback Agreement
A Shariah-compliant agreement under Saudi Arabian law governing the sale of an asset with a commitment to repurchase it at a specified future date and price.
Download
Vehicle Hire Purchase Agreement
A Sharia-compliant vehicle financing agreement under Saudi Arabian law enabling purchase through installment payments while the seller retains ownership until full payment.
Download
Simple Home Purchase Agreement
A Sharia-compliant residential property purchase agreement for use in Saudi Arabia, facilitating legal transfer of home ownership.
Download
Letter Of Intent To Purchase Residential Property
A preliminary agreement outlining the intent to purchase residential property in Saudi Arabia, setting forth key terms and conditions in compliance with Saudi law and Sharia principles.
Download
Lease With Option To Purchase Agreement
Saudi Arabian lease agreement template with purchase option, compliant with local law and Sharia principles.
Download
Conditional Purchase Agreement
A Saudi Arabian law-governed agreement setting out terms for a conditional purchase transaction, compliant with Sharia and local commercial law requirements.
Download
Advance Agreement For Land Purchase
A preliminary land purchase agreement under Saudi law, setting terms and conditions for future land transfer while ensuring compliance with local regulations and Shariah principles.
Download
Sales Agreement For A Car
A Saudi Arabian law-compliant agreement documenting the sale and transfer of ownership of a vehicle between parties, incorporating both civil and Sharia law requirements.
Download
Personal Property Purchase Agreement
A Saudi Arabian law-compliant agreement for the sale and purchase of personal property, incorporating Sharia principles and local commercial regulations.
Download
Option To Purchase Contract
A Sharia-compliant agreement under Saudi Arabian law granting an exclusive right to purchase specified property or assets under predetermined terms and conditions.
Download
Land Sales Agreement
A Saudi Arabian law-compliant agreement for the sale and purchase of land, incorporating all necessary legal requirements and Sharia principles.
Download
Flat Buying Agreement
A legal agreement for the purchase and sale of residential flats in Saudi Arabia, outlining terms, conditions, and requirements under Saudi law.
Download
Option Purchase Contract Car
A Saudi Arabian law-governed agreement granting the right to purchase a specified vehicle at a predetermined price within an agreed timeframe, compliant with both commercial and Sharia law.
Download
Truck Purchase Agreement
A Saudi Arabian law-governed agreement for the purchase and sale of commercial trucks, ensuring compliance with local regulations and Sharia principles.
Download
As Is Real Estate Contract Form
A Saudi Arabian real estate purchase agreement for properties sold in their current condition, compliant with Shariah law and local regulations.
Download
House Offer Contract
A Saudi Arabian law-compliant contract presenting a formal offer to purchase residential property, outlining key terms and conditions of the proposed transaction.
Download
Purchasers Agreement
A Sharia-compliant Purchase Agreement under Saudi Arabian law governing the sale and purchase of goods or assets, detailing terms, conditions, and obligations of all parties.
Download
Buy In Agreement
A Sharia-compliant agreement under Saudi Arabian law governing the acquisition of an ownership stake in an existing business by a new investor.
Download
Asset Purchase Form
A Saudi Arabian law-compliant document facilitating the legal transfer of assets between parties, incorporating local commercial and Shariah law requirements.
Download
Used Vehicle Purchase Agreement
A legally binding agreement for used vehicle sales in Saudi Arabia, compliant with Saudi law and Sharia principles, detailing sale terms and ownership transfer requirements.
Download
Simple Offer To Purchase Land Form
A Saudi Arabian legal document presenting a formal offer to purchase land property, incorporating local legal requirements and Shariah compliance.
Download
Stock Buyout Agreement
A Saudi law-governed agreement detailing terms and conditions for share purchase from existing shareholders, ensuring compliance with local regulations and Shariah principles.
Download
Real Estate Purchase Agreement With Seller Financing
A Saudi Arabian law-governed agreement for real estate purchase with seller-provided financing, incorporating Islamic finance principles and local property regulations.
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)