Document background
The Master Pricing Agreement serves as a foundational document for establishing and managing long-term commercial relationships in Saudi Arabia, particularly where recurring transactions or ongoing services are involved. This agreement type is especially relevant in situations requiring standardized pricing mechanisms across multiple transactions or services, typically used in supplier-customer relationships or distribution arrangements. The document comprehensively addresses pricing structures, payment terms, performance metrics, and compliance requirements while adhering to Saudi Arabian law and Sharia principles. It is designed to provide flexibility for future transactions while maintaining clear governance and risk allocation between parties. The Master Pricing Agreement is particularly valuable in complex commercial relationships where pricing clarity and long-term stability are essential, incorporating both local regulatory requirements and international best practices.
