Contract Of Sale Of Motor Vehicle Template for Saudi Arabia

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Key Requirements PROMPT example:

Contract Of Sale Of Motor Vehicle

"I need a Contract of Sale of Motor Vehicle for selling my personal Toyota Land Cruiser to a private buyer in Riyadh, with payment to be made in two installments, the second payment due by March 15, 2025, and including a 7-day inspection period."

Document background
The Contract of Sale of Motor Vehicle is a crucial legal document used in Saudi Arabia for documenting and formalizing the sale of any motor vehicle between parties. This document is essential for both private sales and commercial transactions, ensuring compliance with Saudi Arabian traffic laws, Muroor regulations, and Sharia principles. It includes comprehensive details about the vehicle, parties involved, financial terms, and transfer procedures. The contract serves multiple purposes: it provides legal protection for both parties, satisfies regulatory requirements for vehicle ownership transfer, documents the condition and specifications of the vehicle at the time of sale, and establishes clear terms for warranties and post-sale obligations. It's particularly important in the Saudi context where vehicle transfers must follow specific procedural requirements and documentation standards set by the Traffic Department.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, national ID numbers/iqama numbers, and contact details as required by Saudi regulations

2. Background: Brief context of the sale transaction and confirmation that the seller is the legitimate owner of the vehicle

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Transfer Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, license plate number, and current odometer reading

5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable

6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances

7. Transfer of Ownership: Process and obligations for transferring vehicle ownership through Muroor (Traffic Department)

8. Condition of Vehicle: Statement of vehicle's current condition, known defects, and recent maintenance history

9. Seller's Obligations: Responsibilities of the seller including document provision and assistance with transfer process

10. Buyer's Obligations: Responsibilities of the buyer including payment, insurance, and registration requirements

11. Risk and Insurance: Transfer of risk and insurance responsibilities

12. Governing Law: Confirmation that the agreement is governed by Saudi law and Sharia principles

Optional Sections

1. Inspection Period: Used when buyer requires a period to inspect and test the vehicle before finalizing the purchase

2. Financing Terms: Include when purchase involves financing or installment payments

3. Warranty Extension: Used when seller provides additional warranty beyond basic representations

4. Trade-in Terms: Include when transaction involves a vehicle trade-in

5. Agent Authorization: Required when either party is acting through an authorized representative

6. Post-Sale Services: Include when seller agrees to provide maintenance or other services after sale

7. Dispute Resolution: Optional detailed dispute resolution process beyond standard court jurisdiction

Suggested Schedules

1. Schedule 1 - Vehicle Inspection Report: Detailed technical inspection report from authorized service center

2. Schedule 2 - Vehicle History: Documentation of vehicle's maintenance history and previous ownership

3. Schedule 3 - Payment Schedule: If payment is in installments, detailed payment schedule with dates and amounts

4. Schedule 4 - Vehicle Registration Documents: Copies of current registration card and other official documentation

5. Schedule 5 - Vehicle Photographs: Dated photographs showing vehicle condition at time of sale

6. Schedule 6 - Handover Checklist: List of items to be handed over with vehicle (spare keys, service books, etc.)

7. Appendix A - Required Transfer Documents: List of documents required by Muroor for ownership transfer

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Automotive

Transportation

Fleet Management

Legal Services

Insurance

Financial Services

Vehicle Leasing

Logistics

Car Rental

Automotive Retail

Corporate Services

Relevant Teams

Legal

Procurement

Sales

Operations

Administrative

Compliance

Risk Management

Fleet Management

Corporate Services

Finance

Business Development

Relevant Roles

Legal Counsel

Fleet Manager

Procurement Manager

Sales Manager

Automotive Sales Executive

Corporate Services Manager

Risk Manager

Compliance Officer

Operations Manager

Administrative Officer

Legal Administrator

Contract Manager

Vehicle Fleet Coordinator

Business Development Manager

Finance Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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