Vehicle Transfer Agreement Form Template for Saudi Arabia

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Key Requirements PROMPT example:

Vehicle Transfer Agreement Form

"I need a Vehicle Transfer Agreement Form for selling my personal Toyota Camry to an individual buyer in Riyadh, with payment in two installments, the first payment on March 15, 2025, and final payment and transfer to be completed by April 1, 2025."

Document background
The Vehicle Transfer Agreement Form is a crucial legal document used in Saudi Arabia when transferring ownership of a vehicle between parties. It ensures compliance with Saudi Traffic Law, Moroor regulations, and Sharia principles while protecting both buyer's and seller's interests. This document is essential for both private and commercial vehicle transfers, incorporating mandatory elements such as party identification, vehicle details, payment terms, and transfer procedures. It's designed to prevent future disputes by clearly documenting the transaction terms and ensuring all necessary legal requirements are met. The agreement is particularly important given Saudi Arabia's strict vehicle registration and transfer requirements, and it serves as a vital record for both traffic authorities and financial institutions.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, national ID numbers/Iqama numbers, contact details and addresses as required by Saudi regulations

2. Background: Brief context of the transfer, confirming the Seller's ownership and intention to transfer the vehicle to the Buyer

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Transfer Date', 'Purchase Price', and other relevant terms

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, chassis number, engine number, and registration plate number

5. Purchase Price and Payment: Agreed purchase price, payment terms, method of payment, and timing of payment

6. Transfer of Ownership: Process and obligations for transferring ownership through Moroor (Traffic Department), including timing and responsibilities

7. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, absence of liens, and compliance with traffic regulations

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

9. Handover: Details of physical handover of the vehicle and related documents

10. Governing Law and Jurisdiction: Confirmation that Saudi Arabian law governs the agreement and jurisdiction for disputes

Optional Sections

1. Financing Terms: Required if the purchase involves bank financing or installment payments

2. Insurance Transfer: Details for transferring or arranging insurance, if applicable

3. Outstanding Fines and Violations: Specific provisions for handling any existing traffic violations or fines

4. Maintenance History: Detailed section about vehicle maintenance history when selling premium or classic vehicles

5. Post-Transfer Obligations: Any continuing obligations after transfer, such as temporary plates or registration requirements

6. Agent Authorization: Required if either party is acting through an authorized representative

7. Language: Required if the agreement is bilingual (Arabic/English), specifying which version prevails

Suggested Schedules

1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the vehicle including all features and modifications

2. Schedule 2 - Vehicle Condition Report: Comprehensive report on the current condition of the vehicle, including any damage or wear

3. Schedule 3 - Required Documents: List of all documents required for the transfer including registration card, insurance documents, and technical inspection certificate

4. Schedule 4 - Payment Schedule: If applicable, detailed breakdown of payment installments and dates

5. Schedule 5 - Handover Checklist: List of items to be handed over (keys, service books, warranty cards, etc.)

6. Appendix A - Photographs: Recent photographs of the vehicle documenting its condition at transfer

7. Appendix B - Service History: Copies of service records and maintenance documentation

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

Transportation

Financial Services

Insurance

Retail

Fleet Management

Vehicle Leasing

Used Car Sales

Logistics

Public Transportation

Relevant Teams

Legal

Procurement

Fleet Management

Operations

Finance

Compliance

Sales

Administrative Services

Risk Management

Documentation

Corporate Services

Relevant Roles

Fleet Manager

Procurement Officer

Legal Counsel

Compliance Officer

Sales Manager

Administrative Officer

Finance Manager

Operations Manager

Vehicle Registration Specialist

Risk Management Officer

Contract Administrator

Transportation Manager

Automotive Sales Executive

Documentation Specialist

Corporate Services Manager

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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