The Buy Back Option Contract is a specialized agreement used in Saudi Arabian business transactions where parties wish to structure a temporary transfer of asset ownership with a predetermined option for repurchase. This document is particularly relevant when businesses need flexible financing solutions while ensuring compliance with Islamic finance principles and Saudi Arabian regulations. It's commonly used in commercial asset transactions, property deals, and business restructuring scenarios where traditional lending arrangements may not be suitable or preferred. The contract must carefully balance Sharia compliance requirements with commercial objectives, incorporating specific provisions for asset valuation, maintenance, and option exercise procedures. This document type is especially important in the Saudi Arabian market where all financial transactions must align with both modern commercial practices and Islamic financial principles.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of all parties to the contract, including full legal names and addresses
2. Background: Context of the transaction, relationship between parties, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Details of the initial sale transaction including the asset description and initial purchase price
5. Buyback Option Terms: Specific terms of the buyback option including price, exercise period, and exercise mechanism
6. Payment Terms: Payment structure, timing, and method for both initial sale and buyback option
7. Asset Maintenance and Control: Responsibilities for maintaining the asset during the option period
8. Representations and Warranties: Statements of fact and assurances from both parties regarding their capacity and the asset
9. Sharia Compliance: Specific provisions ensuring the transaction structure complies with Islamic law principles
10. Exercise of Option: Procedure and requirements for exercising the buyback option
11. Default and Remedies: Consequences of default and available remedies for both parties
12. Governing Law and Jurisdiction: Specification of Saudi Arabian law as governing law and jurisdiction for disputes
13. Notices: Process and requirements for formal communications between parties
14. Execution: Signature blocks and execution requirements
1. Security Arrangements: Required if additional security or collateral is being provided for the transaction
2. Third Party Rights: Include if there are any third party beneficiaries or rights holders
3. Insurance: Include if specific insurance requirements are needed for the asset
4. Assignment and Transfer: Include if transfer of rights under the agreement will be permitted
5. Force Majeure: Include if specific force majeure provisions are required beyond standard provisions
6. Confidentiality: Include if specific confidentiality provisions are needed
7. Regulatory Compliance: Include if specific regulatory requirements need to be addressed
8. Tax Provisions: Include if specific tax treatments or obligations need to be addressed
1. Asset Description: Detailed description and specifications of the asset subject to the buyback option
2. Pricing Schedule: Detailed breakdown of initial purchase price and buyback option price calculations
3. Form of Exercise Notice: Template for the formal notice to exercise the buyback option
4. Condition Report: Initial condition report of the asset at the time of sale
5. Required Authorizations: List of required permits, consents, and authorizations
6. Maintenance Requirements: Detailed maintenance and upkeep requirements during the option period
7. Sharia Approval: Copy of Sharia scholar approval or certification if required
Find the exact document you need
Lease Purchase Agreement Property
A Saudi Arabian legal document combining property lease terms with a future purchase option, governed by Saudi real estate laws and Sharia principles.
Download
Buy Back Option Contract
A Sharia-compliant agreement under Saudi Arabian law establishing terms for asset sale with a buyback option, including pricing and exercise conditions.
Download
Lease Option Contract
A Saudi Arabia-compliant agreement combining property lease terms with a future purchase option, structured under Saudi law and Sharia principles.
Download
Extend Lease Agreement
A Saudi Arabian law-governed agreement that extends an existing lease term between landlord and tenant, maintaining or modifying original lease conditions.
Download
Vehicle Lease Agreement With Option To Purchase
A Sharia-compliant vehicle lease agreement under Saudi Arabian law that includes an option to purchase the vehicle at the end of the lease term.
Download
First Refusal Agreement
A Sharia-compliant agreement under Saudi law granting priority rights to a party to enter into a business transaction before third parties.
Download
Simple Right Of First Refusal Agreement
A Saudi Arabian law-compliant agreement granting one party the preferential right to enter into a business transaction before others, subject to Sharia Law principles.
Download
Land Buying Agreement
Saudi Arabian land purchase agreement template compliant with local law and Sharia principles, facilitating legal transfer of land ownership within the Kingdom.
Download
Cash Payment Agreement
A Saudi Arabian law-governed agreement establishing terms and conditions for cash payment transactions, ensuring compliance with Islamic finance principles and local regulations.
Download
Real Estate Option To Purchase Agreement
A Saudi Arabian law-compliant agreement granting exclusive rights to purchase specified real estate at predetermined terms within a set timeframe.
Download
Land Option Contract
A Sharia-compliant agreement under Saudi Arabian law granting exclusive rights to purchase specified real estate within a defined period.
Download
Option To Buy Contract
A Sharia-compliant Saudi Arabian agreement granting the right to purchase specific assets at predetermined terms within a specified timeframe.
Download
Vehicle Lease To Own Agreement
A Sharia-compliant Vehicle Lease To Own Agreement under Saudi Arabian law, establishing terms for vehicle leasing with a purchase option.
Download
Share Option Agreement
A Saudi Arabian law-governed agreement setting out terms for granting company stock options to eligible individuals, including exercise rights, vesting conditions, and regulatory compliance requirements.
Download
Lease To Own Contract
A Sharia-compliant lease-to-own agreement under Saudi Arabian law combining property rental terms with future purchase provisions.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)