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The Mutual Arbitration Agreement serves as a fundamental legal instrument for parties seeking to establish a clear and binding framework for dispute resolution in Saudi Arabia. This document is typically used when parties wish to avoid traditional court litigation and prefer a more efficient, confidential, and specialized dispute resolution mechanism. It outlines the complete arbitration process, from initiation to enforcement, while ensuring compliance with Saudi Arbitration Law, Sharia principles, and relevant international conventions. The agreement is particularly valuable for business relationships where parties want to maintain confidentiality, require specialized expertise in dispute resolution, or seek to expedite the resolution process while maintaining legal certainty within the Saudi jurisdiction.

1. Parties: Identification of all parties entering into the arbitration agreement, including their full legal names, addresses, and registration details

2. Background: Context of the agreement and the parties' intention to resolve disputes through arbitration

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Scope of Arbitration: Clear delineation of which disputes are subject to arbitration, including any specific exclusions

5. Governing Law: Explicit statement that Saudi law governs the agreement and arbitration proceedings, with reference to Sharia compliance

6. Arbitration Rules: Specification of the applicable arbitration rules and procedures

7. Arbitrator Selection: Process for selecting arbitrators, including number of arbitrators and qualification requirements

8. Language and Venue: Specification of the arbitration language and location of proceedings

9. Notice Requirements: Procedures for serving notices related to arbitration proceedings

10. Confidentiality: Obligations regarding confidentiality of the arbitration proceedings and related documents

11. Costs and Fees: Allocation of arbitration costs and fees between parties

12. Final and Binding Effect: Statement on the binding nature of the arbitral award and waiver of appeal rights

13. Enforcement: Provisions regarding enforcement of arbitral awards and court assistance