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1. Parties: Identification of all partners, including their full legal names, addresses, and commercial registration details
2. Background: Context of the partnership formation, including the purpose of operating a petrol pump station and any relevant business history
3. Definitions: Definitions of key terms used throughout the agreement, including technical terms related to petroleum operations
4. Partnership Structure: Legal structure of the partnership, capital contributions, and ownership percentages
5. Location and Premises: Details of the petrol station location, property rights, and lease arrangements if applicable
6. Licenses and Permits: Requirements and responsibilities for obtaining and maintaining necessary operational permits
7. Capital and Financing: Financial contributions, working capital requirements, and additional funding arrangements
8. Profit and Loss Sharing: Distribution of profits and losses, payment terms, and accounting principles
9. Management and Operations: Day-to-day management responsibilities, decision-making processes, and operational standards
10. Staff and Employment: Employment policies, staffing requirements, and compliance with Saudization rules
11. Safety and Environmental Compliance: Safety protocols, environmental standards, and regulatory compliance requirements
12. Insurance and Liability: Required insurance coverage and allocation of risks between partners
13. Term and Termination: Duration of the partnership, renewal terms, and termination conditions
14. Dispute Resolution: Procedures for resolving disputes, including mediation and arbitration provisions
15. Governing Law: Confirmation of Saudi law application and relevant jurisdictional matters
1. Non-Compete Provisions: Restrictions on partners engaging in competing businesses, used when partners have other business interests
2. Intellectual Property: Protection of trademarks and branding, included when using specific brand names or proprietary systems
3. Equipment Leasing: Terms for leasing fuel dispensing equipment, included when equipment is not purchased outright
4. Expansion Rights: Provisions for opening additional locations, included when future growth is anticipated
5. Convenience Store Operations: Terms governing associated retail operations, included when the station includes a convenience store
6. Marketing and Branding: Marketing responsibilities and brand standards, included when specific marketing arrangements exist
7. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles, included when required by partners
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and ongoing capital contributions
2. Schedule 2 - Property Details: Legal description of the property and any lease or ownership documentation
3. Schedule 3 - Equipment Inventory: List of all equipment, machinery, and assets included in the partnership
4. Schedule 4 - Operating Procedures: Detailed operational procedures and standards for running the petrol station
5. Schedule 5 - Required Licenses: List of all required permits and licenses with renewal dates
6. Schedule 6 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
7. Appendix A - Safety Protocols: Comprehensive safety procedures and emergency response protocols
8. Appendix B - Environmental Compliance: Environmental protection measures and waste management procedures
9. Appendix C - Partner Resolution Process: Detailed procedures for partner meetings and decision-making processes
Oil & Gas
Retail
Energy
Transportation
Commercial Real Estate
Automotive Services
Convenience Retail
Petroleum Distribution
Legal
Operations
Commercial
Finance
Compliance
Health & Safety
Property
Business Development
Retail Operations
Risk Management
Facilities Management
Investment
Business Development Manager
Operations Director
Petroleum Retail Manager
Legal Counsel
Commercial Manager
Compliance Officer
Finance Director
Property Manager
HSE Manager
Retail Network Manager
Partnership Manager
Station Manager
Investment Manager
Facilities Manager
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