Licence Rental Agreement Template for Saudi Arabia

1. Utilities and Services: Details of utility provisions and additional services if included in the license

2. Fit-out Works: Include when the licensee is permitted to make modifications to the premises

3. Security Deposit: Include when a security deposit is required

4. Assignment and Sublicensing: Include when transfer rights need to be addressed

5. Environmental Compliance: Include for properties where environmental regulations are significant

6. Operating Hours: Include for retail or commercial premises with specific operating restrictions

7. Competition Restrictions: Include when there are restrictions on competing businesses

8. Force Majeure: Detailed force majeure provisions beyond standard clause if necessary for high-risk areas

1. Schedule 1 - Property Details: Detailed description of the licensed premises including floor plans and specifications

2. Schedule 2 - License Fee Schedule: Detailed breakdown of fees, payment dates, and escalation provisions

3. Schedule 3 - Permitted Use Details: Specific description of authorized activities and any restrictions

4. Schedule 4 - Service Level Agreement: Details of any services provided as part of the license

5. Schedule 5 - Handover Protocol: Condition report and handover procedures

6. Schedule 6 - Required Approvals: List of necessary governmental and regulatory approvals

7. Appendix A - Form of Bank Guarantee: Standard format for any required bank guarantees

8. Appendix B - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements