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1. Parties: Identification and details of the seller and purchaser, including full legal names, addresses, and commercial registration numbers
2. Background: Context of the agreement and brief description of the transaction
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Subject Matter of Sale: Detailed description of the items/property being purchased
5. Purchase Price: Agreed purchase price, payment terms, and payment schedule (ensuring Sharia compliance)
6. Completion: Details of when and how the purchase will be completed, including closing procedures
7. Seller's Warranties: Warranties regarding ownership, condition, and quality of the subject matter
8. Purchaser's Warranties: Warranties regarding capacity to enter into agreement and make payment
9. Conditions Precedent: Conditions that must be satisfied before completion
10. Transfer of Title and Risk: Terms regarding transfer of ownership and risk in the subject matter
11. Termination: Circumstances under which the agreement may be terminated
12. Governing Law and Jurisdiction: Confirmation of Saudi law as governing law and jurisdiction of Saudi courts
13. Notices: Process for delivering formal notices between parties
14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability
1. Due Diligence: Details of any pre-completion investigations, used when purchasing complex assets or businesses
2. Intellectual Property: IP-related provisions, included when the purchase involves any intellectual property rights
3. Confidentiality: Confidentiality obligations, included for sensitive commercial transactions
4. Non-Competition: Restrictions on seller's future activities, used in business purchase contexts
5. Employee Matters: Employment-related provisions, included when the purchase involves transfer of employees
6. Tax Matters: Specific tax-related provisions, included for complex commercial transactions
7. Force Majeure: Provisions for unforeseen circumstances, included for long-term or complex transactions
8. Islamic Finance Compliance: Specific provisions ensuring Sharia compliance, included when financing is involved
1. Asset Schedule: Detailed list and description of assets being purchased
2. Payment Schedule: Detailed breakdown of payment terms and installments
3. Form of Transfer Documents: Ƶ for documents required to effect the transfer
4. Due Diligence Results: Summary of findings from any due diligence investigations
5. Warranties: Detailed list of warranties given by each party
6. Encumbrances: List of any existing encumbrances on the purchase subject matter
7. Required Consents: List of necessary third-party or regulatory approvals
8. Completion Checklist: List of actions required for completion of the purchase
Real Estate
Manufacturing
Retail
Technology
Financial Services
Construction
Healthcare
Energy
Automotive
Agriculture
Mining
Telecommunications
Professional Services
Industrial Equipment
Consumer Goods
Legal
Finance
Procurement
Commercial
Operations
Compliance
Risk Management
Business Development
Property Management
Asset Management
Investment
Project Management
Chief Executive Officer
Chief Financial Officer
Commercial Director
Procurement Manager
Legal Counsel
Contracts Manager
Business Development Manager
Finance Manager
Operations Director
Property Manager
Asset Manager
Compliance Officer
Risk Manager
Commercial Manager
Investment Manager
Project Manager
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