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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."
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
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
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
Vehicle
Purchase Price
Completion Date
Delivery Date
Effective Date
Registration Documents
Traffic Authority
Vehicle Identification Number (VIN)
Certificate of Title
Encumbrances
Force Majeure
Inspection Report
Material Defect
Warranties
Payment Terms
Registration Card
SASO Standards
Seller's Representative
Buyer's Representative
Transfer Documents
Vehicle Condition
Vehicle History
Working Day
Deposit
Balance Payment
Handover Protocol
Insurance Policy
Maintenance Records
Registration Fees
Technical Inspection
Transfer Fees
VAT
Warranty Period
Payment Terms
Delivery
Title Transfer
Representations and Warranties
Vehicle Condition
Registration and Documentation
Insurance
Inspection
Risk and Liability
Default and Termination
Force Majeure
Governing Law
Dispute Resolution
Notices
Assignment
Entire Agreement
Amendments
Severability
Costs and Expenses
Tax Obligations
Warranties and Guarantees
Vehicle Specifications
Maintenance Records
Encumbrances
Defects Disclosure
Regulatory Compliance
Transfer Process
Documentation Requirements
Agency and Authority
Automotive
Financial Services
Insurance
Legal Services
Transportation
Fleet Management
Retail
Corporate Services
Public Sector
Vehicle Leasing
Legal
Sales
Finance
Operations
Administration
Compliance
Risk Management
Procurement
Documentation
Customer Service
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
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