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The Vehicle Agreement Between Two Parties serves as a crucial legal instrument in Saudi Arabia for documenting and formalizing vehicle transactions between sellers and buyers. This agreement is essential for both private and commercial vehicle transfers, ensuring compliance with Saudi Arabian law, including the Saudi Traffic Law, Civil Transactions Law, and mandatory insurance requirements. The document is designed to protect both parties' interests by clearly stating the vehicle's specifications, condition, payment terms, and transfer procedures. It includes provisions for warranties, registration requirements, and other essential elements required under Saudi jurisdiction. Particularly important in a market where vehicle transactions must adhere to both civil law and Sharia principles, this agreement helps prevent disputes and ensures smooth transfer of ownership while maintaining regulatory compliance.

1. Parties: Identification of seller and buyer with full legal names, addresses, and national ID/commercial registration numbers as required under Saudi law

2. Background: Context of the agreement and brief description of the transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Vehicle Description: Detailed specification of the vehicle including make, model, year, VIN, registration number, and current condition

5. Purchase Price and Payment Terms: Agreement on price, payment method, and schedule, including any deposits or installments

6. Transfer of Ownership: Process and obligations for transferring vehicle ownership in accordance with Saudi Traffic Department requirements

7. Warranties and Representations: Seller's warranties about vehicle condition and buyer's acknowledgments

8. Insurance Requirements: Mandatory insurance provisions as per Saudi law

9. Handover and Registration: Process for physical handover of the vehicle and completion of registration formalities

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

11. Force Majeure: Provisions for unforeseen circumstances preventing contract fulfillment

12. Notices: How formal communications between parties should be made

13. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties