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Car Sold As Is Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

Car Sold As Is Contract

"I need a Car Sold As Is Contract for selling my 2020 Toyota Camry to a private buyer in Riyadh, with the sale scheduled for March 15, 2025; the contract should include detailed sections about known mechanical issues and a payment plan spread over three months."

Document background
The Car Sold As Is Contract is essential for documenting vehicle sales transactions in Saudi Arabia where the seller wishes to transfer ownership without providing warranties or guarantees beyond the minimum required by law. This document is commonly used in both private sales and commercial dealership transactions, particularly for used vehicles. The contract must comply with Saudi Arabian law, including Islamic Sharia principles, the Saudi Traffic Law, and Consumer Protection regulations. It includes critical information such as vehicle details, condition disclosure, price, payment terms, and transfer procedures. The 'as is' nature of the sale must be explicitly stated and acknowledged by both parties. This document is crucial for protecting both sellers and buyers by clearly establishing the terms of sale and preventing future disputes regarding vehicle condition or responsibilities.
Suggested Sections

1. Parties: Identifies the seller and buyer with their full legal names, addresses, and national ID/iqama numbers

2. Background: Brief context of the sale and acknowledgment that the vehicle is being sold 'as is'

3. Definitions: Defines key terms used in the contract including 'As Is', 'Vehicle', 'Purchase Price', and 'Effective Date'

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, mileage, and registration number

5. Purchase Price and Payment: Specifies the agreed purchase price and payment terms

6. As Is Condition: Explicitly states that the vehicle is sold 'as is' with no warranties, and buyer's acknowledgment of the vehicle's current condition

7. Transfer of Ownership: Details the process and requirements for transferring vehicle ownership in accordance with Saudi regulations

8. Seller's Representations: Basic representations about vehicle ownership and authority to sell

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

10. Governing Law: Specifies that Saudi Arabian law governs the agreement

11. Execution: Signature blocks for both parties and witnesses as required under Saudi law

Optional Sections

1. Financing Terms: Include when the purchase involves financing or installment payments

2. Known Defects: Detailed disclosure of known issues when the seller wishes to document specific problems

3. Export/Import Provisions: Include when the vehicle will be exported outside Saudi Arabia

4. Language: Include when contract is bilingual Arabic/English to specify which version prevails

5. Insurance Transfer: Include when existing insurance policy is being transferred or terminated

6. Arbitration: Optional dispute resolution clause when parties prefer arbitration over courts

Suggested Schedules

1. Vehicle Inspection Report: Detailed report of vehicle's current condition and any existing damage

2. Vehicle Registration Documents: Copies of current registration card and other official documentation

3. Vehicle Service History: Records of maintenance and repairs if available

4. Photographs: Date-stamped photographs showing vehicle condition at time of sale

5. Payment Schedule: If payment is in installments, detailed payment schedule with dates and amounts

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 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

Retail

Insurance

Banking & Finance

Transportation

Legal Services

Vehicle Inspection Services

Used Car Market

Automotive Repair & Maintenance

Relevant Teams

Legal

Sales

Compliance

Documentation

Finance

Operations

Customer Service

Risk Management

Vehicle Inspection

Administrative Services

Relevant Roles

Sales Manager

Legal Counsel

Compliance Officer

Used Car Manager

Vehicle Inspector

Documentation Specialist

Finance Manager

Insurance Coordinator

Customer Service Representative

Administrative Officer

Business Development Manager

Risk Manager

Operations Manager

Contract Administrator

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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