Motor Vehicle Purchase Contract Template for Saudi Arabia

The Motor Vehicle Purchase Contract is a legally binding document used in Saudi Arabia to formalize the sale and purchase of motor vehicles. This contract is essential for both private and commercial vehicle transactions, ensuring compliance with Saudi Arabian commercial law, traffic regulations, and consumer protection requirements. It provides a structured framework for documenting the vehicle's specifications, purchase price, payment terms, warranties, and ownership transfer requirements. The contract is designed to protect both buyers and sellers by clearly stating their rights and obligations, while meeting local regulatory requirements including those set by the Saudi traffic authorities. It's particularly important given the specific documentation requirements for vehicle registration transfer in Saudi Arabia and the need to comply with Islamic finance principles where applicable.

1. Parties: Identification of the seller and buyer with full legal names, addresses, and official identification numbers

2. Background: Context of the sale and brief description of the transaction

3. Definitions: Definitions of key terms used throughout the contract

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, mileage, and specifications

5. Purchase Price and Payment: The agreed purchase price, payment terms, and method of payment

6. Transfer of Ownership: Terms regarding the transfer of vehicle title and registration

7. Seller's Representations and Warranties: Seller's declarations about the vehicle's condition, ownership, and legal status

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Delivery: Terms and conditions for vehicle delivery or collection

10. Registration and Documentation: Requirements for vehicle registration transfer and necessary documentation

11. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes

12. Execution: Signature requirements and execution formalities