First Refusal Agreement Template for Saudi Arabia

1. Asset-Specific Provisions: Additional terms specific to particular types of assets (e.g., real estate, shares, intellectual property)

2. Third Party Rights: Provisions addressing the rights of third parties, used when other stakeholders may be affected

3. Regulatory Compliance: Specific compliance requirements, included when the subject matter is regulated

4. Assignment: Terms governing transfer of rights, included when assignability is relevant

5. Force Majeure: Provisions for unforeseen circumstances, included for long-term agreements

6. Anti-corruption Provisions: Compliance with anti-corruption laws, included for high-value transactions

7. Shariah Compliance Declaration: Explicit statement of Shariah compliance, included when required by parties or financing

1. Schedule 1 - Asset Description: Detailed description of assets subject to the right of first refusal

2. Schedule 2 - Notice Forms: Template forms for various notices required under the agreement

3. Schedule 3 - Pricing Mechanism: Detailed methodology for determining purchase price

4. Schedule 4 - Permitted Transfers: List of transfers exempt from the right of first refusal

5. Schedule 5 - Related Agreements: List of other agreements affecting the right of first refusal

6. Appendix A - Power of Attorney: Standard form of power of attorney for exercising rights

7. Appendix B - Compliance Certificates: Required regulatory or Shariah compliance certificates