Vehicle Sale Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

Vehicle Sale Contract

"I need a Vehicle Sale Contract under Saudi law for selling my company's fleet of luxury vehicles to a corporate buyer, with payment to be made in three installments over 6 months starting March 2025."

Document background
The Vehicle Sale Contract is a fundamental legal document used in Saudi Arabia for documenting and executing the transfer of vehicle ownership between parties. This contract type is essential for both private and commercial vehicle sales, ensuring compliance with Saudi Traffic Law, Consumer Protection regulations, and Sharia principles. It includes crucial details such as vehicle specifications, payment terms, warranties, and ownership transfer procedures. The document is designed to protect both buyer and seller interests while meeting all regulatory requirements for vehicle transactions in Saudi Arabia, including those set by the Saudi Standards, Metrology and Quality Organization (SASO). It's particularly important given the specific documentation requirements and legal framework governing vehicle sales in the Kingdom.
Suggested Sections

1. Parties: Identification of seller and buyer with complete contact details and national ID/Iqama numbers

2. Background: Brief context of the sale transaction

3. Definitions: Key terms used throughout the contract

4. Vehicle Description: Detailed specification of the vehicle including make, model, year, color, VIN, mileage, and registration number

5. Purchase Price and Payment Terms: Agreed price, payment method, and payment schedule if applicable

6. Transfer of Ownership: Terms and process for transferring vehicle ownership through proper authorities

7. Seller's Representations and Warranties: Declarations about vehicle condition, ownership, and absence of encumbrances

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

9. Delivery: Terms and conditions for vehicle handover

10. Risk and Insurance: Transfer of risk and insurance requirements

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution process

Optional Sections

1. Financing Terms: Include when purchase involves third-party financing or installment payments

2. International Buyer Provisions: Additional terms for non-Saudi buyers including export requirements

3. Vehicle Maintenance History: Include when selling used vehicles with service history

4. Warranty Transfer: Terms for transferring manufacturer warranty if still applicable

5. Trade-in Terms: Include when transaction involves a vehicle trade-in

6. Power of Attorney: Include when either party is acting through an agent

7. Language Provision: Include when contract is bilingual Arabic/English, establishing precedence

Suggested Schedules

1. Vehicle Inspection Report: Detailed technical inspection report from authorized center

2. Vehicle Registration Documents: Copies of current registration card and documents

3. Photographic Evidence: Photos of vehicle condition at time of sale

4. Payment Schedule: Detailed breakdown of payment installments if applicable

5. Service History Records: Documentation of maintenance and repairs

6. Insurance Documents: Copies of insurance policies and transfer documents

7. Vehicle Features List: Detailed list of vehicle specifications and optional features

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Automotive

Financial Services

Insurance

Legal Services

Transportation

Fleet Management

Retail

Corporate Services

Public Sector

Vehicle Leasing

Relevant Teams

Legal

Sales

Finance

Operations

Administration

Compliance

Risk Management

Procurement

Documentation

Customer Service

Relevant Roles

Sales Manager

Legal Counsel

Compliance Officer

Fleet Manager

Administrative Officer

Finance Manager

Contracts Administrator

Business Development Manager

Operations Manager

Risk Manager

Vehicle Registration Officer

Procurement Manager

Automotive Sales Executive

Documentation Specialist

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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