Simple Business Sale Agreement Template for Saudi Arabia

1. Employee Matters: Required if employees are being transferred with the business, covering treatment of end-of-service benefits and continued employment

2. Intellectual Property: Required if the business owns significant IP assets that need special treatment

3. Real Estate: Required if the business owns or leases property that needs special provisions

4. Non-Competition: Optional restrictions on the seller's future business activities

5. Tax Covenant: Detailed tax provisions if significant tax risks or specific tax arrangements need to be addressed

6. Environmental Matters: Required for businesses with environmental risks or compliance obligations

7. Shariah Compliance Declaration: Optional section confirming the transaction's compliance with Shariah principles

8. Foreign Investment Provisions: Required if either party is a foreign investor under Saudi law

1. Schedule 1: The Business: Detailed description of the business being sold, including all assets, contracts, and liabilities

2. Schedule 2: Properties: List and details of any real estate owned or leased by the business

3. Schedule 3: Employees: List of employees and their key employment terms

4. Schedule 4: Intellectual Property: Details of all IP owned or used by the business

5. Schedule 5: Material Contracts: List and summary of key business contracts

6. Schedule 6: Completion Deliverables: List of all documents and items to be delivered at completion

7. Schedule 7: Seller's Warranties: Detailed warranties about the business and its assets

8. Appendix 1: Form of Transfer Instruments: Templates for documents needed to transfer the business

9. Appendix 2: Regulatory Filings: Forms and documents required for governmental approvals