The Commercial Purchase Contract serves as a fundamental legal instrument for business-to-business transactions in Saudi Arabia, establishing the rights and obligations of both buyers and sellers. This document is essential for companies engaging in significant commercial purchases, whether domestic or international, and must comply with both Sharia law principles and Saudi Arabia's commercial regulations. It's particularly important for transactions involving substantial value or recurring purchases, where detailed terms regarding quality standards, delivery schedules, and payment mechanisms need to be clearly defined. The contract includes specific provisions required under Saudi law, such as interest-free payment terms and dispute resolution mechanisms compatible with local legal requirements. It's designed to protect both parties' interests while ensuring enforceability within the Saudi legal system, making it a crucial tool for businesses operating in or with Saudi Arabia.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of buyer and seller with full legal names, addresses, and commercial registration details
2. Background: Context of the transaction and relationship between the parties
3. Definitions: Key terms used throughout the agreement defined for clarity and precision
4. Subject Matter of Sale: Detailed description of goods/products being purchased
5. Purchase Price: Price, currency, and payment terms compliant with Sharia principles
6. Delivery Terms: Delivery schedule, location, and conditions including risk transfer
7. Quality and Inspection: Quality standards, inspection procedures, and acceptance criteria
8. Warranties and Representations: Warranties regarding products, authority to contract, and compliance with laws
9. Compliance with Laws: Commitment to comply with Saudi laws and regulations
10. Title and Risk: Transfer of ownership and risk provisions
11. Term and Termination: Duration of agreement and circumstances for termination
12. Dispute Resolution: Procedures for resolving disputes under Saudi law
13. Notices: Communication methods and contact details for official notices
14. Governing Law: Specification of Saudi law as governing law
15. Entire Agreement: Integration clause confirming complete agreement between parties
1. Import/Export Requirements: Include when goods require international shipping or customs clearance
2. Insurance: Include when specific insurance requirements are needed for high-value goods
3. Intellectual Property Rights: Include when purchase involves software, technology or branded products
4. Confidentiality: Include when sensitive information will be exchanged
5. Force Majeure: Include when long-term or high-value contracts need protection against unforeseen events
6. Training and Support: Include when products require technical training or ongoing support
7. Spare Parts and Maintenance: Include for technical equipment requiring ongoing maintenance
8. Bank Guarantee: Include when payment security or performance guarantee is required
9. Subcontracting: Include when seller may need to subcontract certain obligations
1. Schedule 1 - Product Specifications: Detailed technical specifications of products
2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, including unit prices and volume discounts
3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and milestones
4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures
5. Schedule 5 - Warranty Terms: Detailed warranty terms and claim procedures
6. Appendix A - Required Documentation: List of required certificates, permits, and documentation
7. Appendix B - Technical Drawings: Technical drawings or designs if applicable
8. Appendix C - Service Level Agreement: Details of any associated service levels and support requirements
Find the exact document you need
Letter Of Intent To Purchase Commercial (Real Estate)
A preliminary document expressing intent to purchase commercial real estate in Saudi Arabia, outlining key terms and conditions while complying with Saudi law and Sharia principles.
Download
Business Sale Contract
A Saudi Arabian law-governed agreement for the sale and transfer of business ownership, addressing all necessary commercial and Sharia compliance requirements.
Download
Simple Business Sale Agreement
A Saudi law-governed agreement for the sale and purchase of a business, outlining key terms and ensuring compliance with local commercial regulations and Shariah principles.
Download
Deposit Agreement For Business Purchase
A Saudi Arabian law-governed agreement establishing terms for a business purchase deposit, including payment conditions and release mechanisms.
Download
Confidentiality Agreement For Sale Of Business
Saudi Arabian law-governed confidentiality agreement protecting sensitive information during business sale processes, compliant with Sharia and local commercial regulations.
Download
Private Real Estate Sale Contract
A Shariah-compliant real estate sale agreement under Saudi Arabian law for private property transfers, establishing terms and conditions for property sale and purchase.
Download
Commercial Agreement Of Purchase And Sale
A Saudi Arabian law-governed agreement that documents commercial sale transactions between businesses, ensuring compliance with local regulations and Sharia principles.
Download
Business Buyout Agreement
A Saudi Arabian law-governed agreement documenting the complete sale and purchase of an existing business, including all terms, conditions, and regulatory compliance requirements.
Download
Commercial Sale Contract
Saudi Arabian commercial sale agreement for B2B transactions, governed by Saudi law and Sharia principles.
Download
Corporate Purchase Agreement
A Saudi law-governed agreement establishing terms for commercial purchase of goods between businesses, incorporating Shariah principles and local regulations.
Download
Commercial Purchase Contract
A Saudi law-governed commercial purchase agreement for business-to-business transactions, compliant with Sharia principles and local commercial regulations.
Download
Term Sheet For Sale Of Business
A preliminary agreement outlining key terms and conditions for a business sale transaction under Saudi Arabian law, serving as a framework for detailed transaction documentation.
Download
Company Purchase Agreement
A Saudi Arabian law-governed agreement documenting the terms and conditions for purchasing a company, ensuring compliance with local regulations and Shariah principles.
Download
Commercial Property Purchase Agreement
A Saudi Arabian law-governed agreement for the purchase and sale of commercial property, ensuring compliant transfer of ownership.
Download
Commercial Real Estate Sales Contract
A Sharia-compliant commercial real estate sales agreement governed by Saudi Arabian law, facilitating the legal transfer of commercial property ownership within the Kingdom.
Download
Business Sales Agreement
A Saudi law-governed agreement establishing terms for business-to-business sale of goods, ensuring compliance with both commercial regulations and Sharia principles.
Download
Non Disclosure Agreement For Sale Of Business
A Saudi Arabia-compliant Non-Disclosure Agreement for protecting confidential information during business sale transactions, incorporating local law and Shariah principles.
Download
Genie’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; Genie’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)
.png)