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Contract Of Sale And Agreement To Sell
"I need a Contract of Sale and Agreement to Sell for industrial machinery, with an immediate sale of 5 manufacturing units and a commitment to purchase 15 additional units throughout 2025, including installation services and maintenance support."
1. Parties: Identification of the seller and buyer with full legal names, addresses, and commercial registration details
2. Background: Context of the transaction, relationship between parties, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Details of the immediate sale transaction including description of goods, quantity, and specifications
5. Agreement to Sell: Terms of future sale commitments including conditions, timing, and specifications
6. Purchase Price: Price for both immediate sale and future purchases, including payment terms, methods, and currencies
7. Delivery: Delivery terms, timing, location, and responsibilities for both current and future sales
8. Title and Risk: Transfer of ownership and risk provisions in accordance with Sharia law
9. Warranties and Representations: Warranties regarding goods, authority to sell, and compliance with Sharia principles
10. Quality and Inspection: Quality standards, inspection rights, and acceptance procedures
11. Term and Termination: Duration of the agreement and circumstances for termination
12. Force Majeure: Events excusing performance, consistent with Sharia principles
13. Governing Law and Dispute Resolution: Application of Saudi law and dispute resolution mechanisms
14. Notices: Communication methods and addresses for formal notices
15. General Provisions: Standard boilerplate clauses adapted to Saudi law requirements
1. Intellectual Property: Required when the sale involves branded goods or technology transfer
2. Confidentiality: Needed when sensitive information will be exchanged during the transaction
3. Insurance: Required for high-value goods or when specific risks need to be covered
4. Export/Import Compliance: Necessary for international sales or restricted goods
5. Agency Provisions: Required when involving commercial agents under Saudi law
6. Training and Support: Needed when the sale includes technical equipment or systems requiring training
7. Shari'ah Compliance Declaration: Optional but recommended for high-value transactions to explicitly confirm Shariah compliance
8. Bank Guarantees: Required for large transactions or when payment security is needed
1. Schedule 1 - Specification of Goods: Detailed technical specifications of the goods being sold
2. Schedule 2 - Pricing Schedule: Detailed pricing information, including any volume discounts or price adjustment mechanisms
3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and locations
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 Certifications: Copies of required regulatory or quality certifications
7. Appendix B - Form of Purchase Order: Standard form for future purchase orders under the agreement
8. Appendix C - Acceptance Protocol: Procedures and forms for accepting delivered goods
Authors
Applicable Law
Business Day
Buyer
Commercial Registration
Confidential Information
Contract Price
Delivery Date
Delivery Location
Delivery Schedule
Effective Date
Force Majeure Event
Future Purchase Commitment
Goods
Governmental Authority
Immediate Sale Goods
Initial Term
Intellectual Property Rights
Invoice
Notice
Order
Parties
Payment Terms
Performance Bond
Purchase Order
Quality Standards
Related Entities
Renewal Term
SAR
Seller
Sharia Compliant
Specifications
Term
Territory
Title Documents
Warranties
Working Hours
Sale and Purchase
Agreement to Sell
Purchase Price and Payment
Delivery
Title and Risk
Quality and Inspection
Warranties and Representations
Packaging and Labeling
Documentation
Insurance
Intellectual Property
Confidentiality
Force Majeure
Term and Duration
Termination
Consequences of Termination
Liability and Indemnification
Compliance with Laws
Export/Import Controls
Anti-Corruption
Data Protection
Assignment and Subcontracting
Change Control
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Waiver
Amendment
Third Party Rights
Counterparts
Language
Costs and Expenses
Further Assurance
Relationship of Parties
Announcements
Shariah Compliance
Manufacturing
Retail
Wholesale Trade
Construction
Technology
Energy
Automotive
Consumer Goods
Industrial Equipment
Healthcare
Agriculture
Mining
Petrochemicals
Electronics
Telecommunications
Legal
Procurement
Sales
Commercial
Supply Chain
Operations
Finance
Compliance
Risk Management
Business Development
Procurement Manager
Commercial Director
Legal Counsel
Supply Chain Manager
Contracts Manager
Sales Director
Business Development Manager
Operations Manager
Finance Manager
Compliance Officer
Risk Manager
General Manager
Chief Commercial Officer
Chief Legal Officer
Chief Financial Officer
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