Purchase Agreement Auto Template for Saudi Arabia

The Purchase Agreement Auto is a vital legal instrument used in Saudi Arabia for documenting vehicle sales transactions between parties. It serves as a comprehensive contract that ensures compliance with Saudi commercial law, traffic regulations, and Sharia principles while protecting the interests of both buyers and sellers. This document is essential for both new and used vehicle sales, whether between dealers and customers or private parties. The agreement includes crucial details about the vehicle, payment terms, warranties, and after-sales services, while incorporating specific Saudi Arabian requirements such as SASO compliance, vehicle registration procedures, and consumer protection provisions. It can be used for individual purchases, corporate fleet acquisitions, or dealer inventory transactions, making it a versatile tool in the Saudi automotive market.

1. Parties: Identification of the seller (dealer/private seller) and buyer with full legal names, addresses, and commercial registration numbers if applicable

2. Background: Context of the sale, including whether it's a new or used vehicle purchase, and any relevant dealership relationships

3. Definitions: Key terms used throughout the agreement including Vehicle, Purchase Price, Delivery Date, and other relevant terminology

4. Vehicle Description: Detailed specification of the vehicle including make, model, year, VIN, color, mileage, and other identifying characteristics

5. Purchase Price and Payment Terms: Total purchase price, payment schedule, deposit requirements, and method of payment in compliance with Sharia law

6. Delivery Terms: Delivery date, location, conditions, and process for vehicle handover

7. Warranties and Representations: Seller's warranties regarding vehicle condition, ownership, and compliance with regulations

8. Registration and Transfer: Process and responsibilities for vehicle registration transfer and related documentation

9. Inspection and Acceptance: Pre-delivery inspection process and acceptance criteria

10. After-Sales Service: Terms of after-sales service, maintenance, and warranty support

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction for disputes

12. Termination: Circumstances and process for terminating the agreement

13. Notices: Process and addresses for formal communications between parties

14. Entire Agreement: Standard clause confirming the agreement represents the complete understanding between parties