The Car Dealer Purchase Agreement Form is a crucial document used in Saudi Arabia for facilitating and documenting the sale of vehicles between authorized dealers and purchasers. This agreement is designed to comply with Saudi Arabian commercial laws, traffic regulations, and Islamic commercial principles, providing a comprehensive framework for vehicle transactions. It becomes necessary when a dealer is selling a new or used vehicle to either individual or corporate buyers, ensuring all aspects of the sale are properly documented and legally binding. The agreement captures essential details including vehicle specifications, pricing, warranty terms, and ownership transfer requirements, while incorporating consumer protection measures mandated by Saudi law. It serves as both a legal record of the transaction and a reference document for both parties' rights and obligations.
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1. Parties: Identification of the Dealer and Purchaser with complete legal names and contact details
2. Background: Brief context of the transaction and relationship between the parties
3. Definitions: Key terms used throughout the agreement including Vehicle, Purchase Price, Delivery Date, etc.
4. Vehicle Description: Detailed specification of the vehicle including make, model, year, VIN, color, and other identifying features
5. Purchase Price and Payment: Total purchase price, payment terms, deposit requirements, and payment methods
6. Delivery Terms: Delivery date, location, and conditions for vehicle handover
7. Warranties and Representations: Dealer warranties, manufacturer warranties, and representations about vehicle condition
8. Vehicle Registration and Transfer: Process and responsibilities for vehicle registration and ownership transfer
9. Inspection and Acceptance: Pre-delivery inspection procedures and acceptance criteria
10. Termination: Conditions under which either party may terminate the agreement
11. Governing Law and Jurisdiction: Specification of Saudi law as governing law and relevant jurisdiction
12. Entire Agreement: Standard clause confirming this document as the complete agreement between parties
1. Trade-In Terms: Details of any vehicle trade-in arrangement, including vehicle description and agreed value
2. Financing Terms: If financing is involved, details of the financing arrangement and compliance with SAMA regulations
3. Insurance Requirements: Specific insurance requirements during the transition period
4. After-Sales Service: Additional service packages or maintenance agreements
5. Force Majeure: Provisions for unforeseen circumstances preventing contract fulfillment
6. Assignment: Rights and restrictions regarding assignment of the agreement
7. Dispute Resolution: Alternative dispute resolution procedures before court proceedings
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Vehicle Condition Report: Pre-delivery inspection report and documentation of vehicle condition
3. Schedule 3 - Warranty Terms: Detailed warranty terms, conditions, and coverage periods
4. Schedule 4 - Payment Schedule: If installment payments are agreed, detailed payment schedule
5. Appendix A - Required Documentation: List of required documents for vehicle registration and transfer
6. Appendix B - Dealer Certification: Copies of dealer's relevant licenses and certifications
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