Deed Of Sale Motor Vehicle Template for Saudi Arabia

The Deed of Sale Motor Vehicle is a crucial legal document used in Saudi Arabia for documenting the transfer of ownership of motor vehicles between parties. It is required for both private and commercial vehicle sales, ensuring compliance with Saudi traffic authority regulations and Sharia law principles. This document should be used whenever a motor vehicle is being sold or transferred, whether between individuals or organizations. It includes comprehensive details about the vehicle, parties involved, purchase terms, and warranties, while ensuring all necessary requirements for legal transfer of ownership are met. The deed serves as evidence of the transaction for registration purposes and protects both parties' rights under Saudi law. It's particularly important as it incorporates specific local requirements, including the necessary details for traffic authority processing and Islamic commercial transaction principles.

1. Parties: Full legal names and details of the seller and buyer, including their ID/Iqama numbers and contact information

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

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

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN/chassis number, engine number, and registration details

5. Sale and Purchase: Core transaction terms including the agreement to sell and purchase, purchase price, and payment terms

6. Completion: Details of when and where the vehicle handover will take place

7. Seller's Warranties: Warranties regarding vehicle ownership, condition, absence of liens, and legal authority to sell

8. Vehicle Condition: Description of the current condition of the vehicle and any known defects or issues

9. Transfer of Ownership: Process and requirements for transferring ownership through the traffic authority

10. Governing Law: Confirmation that the deed is governed by Saudi law and Sharia principles

11. Execution: Signature requirements and witness details