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The Pre-Sale Agreement is a crucial document in Saudi Arabian real estate development, used when selling properties that are yet to be constructed or completed. This agreement type has gained significant importance with the growth of off-plan property sales and the implementation of the Wafi program by the Saudi government. The document serves as a comprehensive framework that protects both developer and buyer interests while ensuring compliance with Islamic Sharia principles and Saudi regulations. It is particularly relevant in the context of Saudi Arabia's Vision 2030 initiatives for housing development and real estate sector growth. The agreement typically includes detailed property specifications, payment structures, construction timelines, and quality standards, while incorporating necessary regulatory requirements such as escrow arrangements and registration procedures.

1. Parties: Identification of the seller/developer and buyer with full legal names and details as required by Saudi law

2. Background: Context of the agreement including property development status and relevant permits/licenses

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

4. Property Description: Detailed description of the property including location, dimensions, and specifications

5. Purchase Price and Payment Terms: Total price, payment schedule, and method of payment in compliance with Sharia principles

6. Construction and Delivery: Construction timeline, completion date, and delivery conditions

7. Developer's Obligations: Responsibilities of the developer including construction, quality standards, and regulatory compliance

8. Buyer's Obligations: Responsibilities of the buyer including payments and documentation requirements

9. Title and Registration: Process for title transfer and registration with relevant authorities

10. Warranties and Representations: Developer's warranties regarding property condition and compliance with regulations

11. Default and Remedies: Consequences of breach by either party and available remedies

12. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

13. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanism

14. Notices: Method and addresses for official communications between parties

15. Execution: Signature requirements and execution formalities