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Buyer Representation Agreement
"I need a Buyer Representation Agreement for a Saudi manufacturing company seeking to acquire industrial properties in Riyadh, with exclusive representation rights and specific provisions for multiple property acquisitions throughout 2025."
1. Parties: Identification of the buyer (principal) and the real estate representative (agent), including full legal names, addresses, and registration details
2. Background: Context of the agreement, including the buyer's intention to acquire real estate and appointment of the representative
3. Definitions: Key terms used throughout the agreement, including specific real estate and legal terminology under Saudi law
4. Appointment and Scope of Services: Formal appointment of the representative and detailed description of services to be provided
5. Term and Termination: Duration of the agreement and circumstances under which it may be terminated
6. Representative's Obligations: Detailed responsibilities including property search, negotiations, due diligence, and compliance with Saudi regulations
7. Buyer's Obligations: Buyer's responsibilities including providing information, cooperation, and maintaining exclusivity if applicable
8. Compensation: Fee structure, payment terms, and conditions for earning commission in compliance with Saudi regulations
9. Confidentiality: Obligations regarding confidential information and privacy
10. Compliance with Laws: Commitment to comply with Saudi real estate regulations and Shariah principles
11. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes
1. Exclusivity: Optional clause establishing exclusive representation rights - used when the buyer agrees to work only with this representative
2. Foreign Investment Provisions: Required when the buyer is a foreign investor, addressing specific requirements under Saudi Foreign Investment Law
3. Property Type Specifications: Used when the search is limited to specific types of properties or locations
4. Sub-Agency: Include when the representative may need to engage other agents or brokers
5. Force Majeure: Optional clause addressing unforeseen circumstances preventing performance
6. Anti-Money Laundering Compliance: Detailed AML provisions - required for high-value transactions or when dealing with international buyers
7. Digital Communications: Optional section governing the use of electronic communications and digital signatures
1. Schedule 1 - Service Details: Detailed breakdown of specific services to be provided by the representative
2. Schedule 2 - Fee Structure: Detailed breakdown of fees, commissions, and payment terms
3. Schedule 3 - Property Requirements: Specific criteria for the property search including location, size, budget, and other requirements
4. Schedule 4 - Required Documents: List of documents required from both parties for regulatory compliance
5. Appendix A - Power of Attorney: Standard form of power of attorney if required for specific transactions
6. Appendix B - Compliance Checklist: Checklist of regulatory requirements and necessary approvals under Saudi law
Authors
Applicable Laws
Business Day
Buyer
Commission
Confidential Information
Effective Date
Exclusivity Period
Force Majeure
Governing Law
Property
Property Requirements
Purchase Price
Real Estate Register
Representative
Representative's Fee
Services
Shariah Principles
Term
Territory
Transaction
Valid Title
Due Diligence
Closing Date
Deposit
Escrow Account
Material Information
Notice
Professional Standards
Purchase Agreement
Regulatory Authorities
Sub-agent
Third Party
Working Hours
Zakat and Tax Authority
Ministry of Justice
Real Estate Transaction Tax
Property Documentation
Search Criteria
Success Fee
Scope of Services
Term and Duration
Exclusivity
Representative's Duties
Buyer's Obligations
Commission and Fees
Payment Terms
Confidentiality
Non-Disclosure
Termination
Force Majeure
Governing Law
Dispute Resolution
Warranties and Representations
Limitation of Liability
Indemnification
Assignment
Notices
Entire Agreement
Severability
Amendment
Compliance with Laws
Anti-Money Laundering
Property Search Criteria
Due Diligence Requirements
Sub-Agency
Documentation Requirements
Regulatory Compliance
Islamic Finance Compliance
Property Inspection Rights
Information Disclosure
Good Faith
Conflict of Interest
Electronic Communications
Third-Party Rights
Real Estate
Commercial Property
Residential Property
Industrial Property
Retail
Hospitality
Healthcare
Education
Manufacturing
Logistics
Office Space
Mixed-Use Development
Legal
Real Estate
Compliance
Finance
Operations
Facilities Management
Corporate Development
Investment
Risk Management
Property Management
Real Estate Agent
Property Consultant
Real Estate Broker
Legal Counsel
Compliance Officer
Property Acquisition Manager
Real Estate Director
Corporate Real Estate Manager
Facilities Manager
Investment Manager
Chief Financial Officer
Chief Executive Officer
Real Estate Investment Analyst
Property Portfolio Manager
Business Development Manager
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