The Price Purchase Agreement is a crucial commercial document used in Saudi Arabian business transactions to formalize the terms of purchase between parties. It serves as a comprehensive framework for both one-time and recurring purchase arrangements, detailing crucial elements such as pricing mechanisms, payment terms, delivery schedules, and quality specifications. This document type is particularly important in the Saudi Arabian context as it must align with both modern commercial practices and Islamic Shariah principles, which govern all business transactions in the Kingdom. The agreement is designed to provide clarity and certainty in commercial transactions while ensuring compliance with local regulations, including the Commercial Courts Law and various sector-specific regulations. It's commonly used in both domestic and international trade scenarios where at least one party is operating within Saudi jurisdiction.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the buyer and seller with full legal names and addresses
2. Background: Context of the agreement and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Purchase Price: Detailed specification of the purchase price, currency, and payment terms
5. Payment Terms: Schedule of payments, payment method, and banking details
6. Delivery Terms: Specifications for delivery of goods including timing and location
7. Quality and Specifications: Detailed requirements for product quality and specifications
8. Title and Risk: Transfer of ownership and risk provisions
9. Warranties and Representations: Standard warranties from both parties regarding capacity and authority
10. Term and Termination: Duration of agreement and circumstances for termination
11. Confidentiality: Obligations regarding confidential information
12. Force Majeure: Provisions for unforeseen circumstances preventing performance
13. Governing Law and Jurisdiction: Specification of Saudi law application and jurisdiction
14. Notices: Process for formal communications between parties
15. General Provisions: Standard boilerplate clauses including severability and entire agreement
1. Import/Export Requirements: Include when goods are being imported or exported internationally
2. Storage Requirements: Include when specific storage conditions are required for the goods
3. Insurance: Include when specific insurance requirements are needed beyond standard coverage
4. Intellectual Property: Include when the purchase involves IP rights or licenses
5. Training and Support: Include when seller must provide training or ongoing support
6. Performance Guarantees: Include when specific performance levels need to be guaranteed
7. Compliance with Shariah: Include detailed Shariah compliance provisions when specifically required
8. Agency Provisions: Include when dealing through commercial agents in Saudi Arabia
1. Schedule 1 - Product Specifications: Detailed technical specifications of the products
2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, including any volume discounts
3. Schedule 3 - Delivery Schedule: Detailed timeline for deliveries and acceptance procedures
4. Schedule 4 - Quality Standards: Specific quality standards and testing procedures
5. Schedule 5 - Forms and Procedures: Standard forms for ordering, acceptance, and claims
6. Appendix A - Technical Documentation: Product technical documentation and manuals
7. Appendix B - Compliance Certificates: Required regulatory and quality compliance certificates
Authors
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Retail
Wholesale
Construction
Energy
Technology
Healthcare
Automotive
Industrial Equipment
Consumer Goods
Agriculture
Mining
Petrochemicals
Telecommunications
Relevant Teams
Legal
Procurement
Finance
Supply Chain
Operations
Commercial
Compliance
Risk Management
Business Development
Relevant Roles
Procurement Manager
Commercial Director
Legal Counsel
Contract Manager
Supply Chain Manager
Chief Financial Officer
Purchasing Officer
Business Development Manager
Operations Director
Commercial Manager
Compliance Officer
Risk Manager
Find the exact document you need
Installment Sales Contract (Real Estate)
A Sharia-compliant real estate installment sales agreement under Saudi Arabian law, establishing terms for property sale through structured payments.
find out more
Forward Purchase Agreement (Real Estate)
A Saudi Arabian law-governed agreement for the future purchase of real estate property, typically used for off-plan or under-construction properties, incorporating local regulatory and Shariah requirements.
find out more
Discount Agreement
A Saudi Arabian law-governed agreement establishing discount arrangements between commercial parties, including discount structures, qualification criteria, and compliance requirements.
find out more
Sellers Agreement (Real Estate)
A Saudi Arabian law-governed agreement for real estate property sale and purchase, incorporating both civil and Shariah law requirements.
find out more
Investment Agreement Between Individual And Individual
A Saudi Arabian law-governed agreement between two individual investors establishing terms for investment cooperation in compliance with Sharia principles.
find out more
Asset Sale And Purchase Agreement
A legal agreement governing asset transfers between parties in Saudi Arabia, compliant with local laws and Sharia principles.
find out more
For Sale By Owner Purchase Contract
A Saudi Arabian compliant purchase agreement for direct property sales between private individuals, covering all essential elements required for legal property transfer under Saudi law.
find out more
Binding Purchase Agreement
A Saudi law-governed agreement that establishes legally binding terms for purchase transactions, ensuring Sharia compliance and commercial certainty.
find out more
Equity Investment Contract
A Saudi Arabian law-governed agreement detailing terms and conditions for equity investment in a company, including shareholder rights and governance arrangements.
find out more
Car Transfer Agreement
A legally binding agreement for transferring vehicle ownership between parties under Saudi Arabian law, incorporating local Traffic Department requirements and Sharia principles.
find out more
Car Purchase Contract
A Saudi Arabian law-governed contract for the sale and purchase of a motor vehicle, ensuring legal compliance and protecting both parties' interests.
find out more
Car Sale By Owner Contract
A contract for private vehicle sales in Saudi Arabia, governing the transfer of vehicle ownership between individuals in compliance with Saudi law and Sharia principles.
find out more
Shares Agreement
A legally binding agreement governing the sale and transfer of shares between parties under Saudi Arabian law, incorporating local regulatory requirements and Sharia compliance.
find out more
Sell Agreement
A Sharia-compliant sale agreement under Saudi Arabian law documenting the transfer of goods or assets between parties with associated terms and conditions.
find out more
Offer To Purchase Agreement
A legally binding offer to purchase property in Saudi Arabia, compliant with Saudi law and Sharia principles, outlining purchase terms and conditions.
find out more
Second Hand Car Purchase Agreement
A Saudi Arabian law-governed agreement for the sale and purchase of used vehicles, ensuring compliant transfer of ownership and protecting both parties' interests.
find out more
Public Offer Agreement
A Saudi Arabian law-compliant agreement setting out terms and conditions for public offers of products or services to potential customers.
find out more
Buyback Agreement
A Shariah-compliant agreement under Saudi Arabian law governing the sale of an asset with a commitment to repurchase it at a specified future date and price.
find out more
Vehicle Hire Purchase Agreement
A Sharia-compliant vehicle financing agreement under Saudi Arabian law enabling purchase through installment payments while the seller retains ownership until full payment.
find out more
Simple Home Purchase Agreement
A Sharia-compliant residential property purchase agreement for use in Saudi Arabia, facilitating legal transfer of home ownership.
find out more
Letter Of Intent To Purchase Residential Property
A preliminary agreement outlining the intent to purchase residential property in Saudi Arabia, setting forth key terms and conditions in compliance with Saudi law and Sharia principles.
find out more
Lease With Option To Purchase Agreement
Saudi Arabian lease agreement template with purchase option, compliant with local law and Sharia principles.
find out more
Conditional Purchase Agreement
A Saudi Arabian law-governed agreement setting out terms for a conditional purchase transaction, compliant with Sharia and local commercial law requirements.
find out more
Advance Agreement For Land Purchase
A preliminary land purchase agreement under Saudi law, setting terms and conditions for future land transfer while ensuring compliance with local regulations and Shariah principles.
find out more
Sales Agreement For A Car
A Saudi Arabian law-compliant agreement documenting the sale and transfer of ownership of a vehicle between parties, incorporating both civil and Sharia law requirements.
find out more
Personal Property Purchase Agreement
A Saudi Arabian law-compliant agreement for the sale and purchase of personal property, incorporating Sharia principles and local commercial regulations.
find out more
Option To Purchase Contract
A Sharia-compliant agreement under Saudi Arabian law granting an exclusive right to purchase specified property or assets under predetermined terms and conditions.
find out more
Land Sales Agreement
A Saudi Arabian law-compliant agreement for the sale and purchase of land, incorporating all necessary legal requirements and Sharia principles.
find out more
Flat Buying Agreement
A legal agreement for the purchase and sale of residential flats in Saudi Arabia, outlining terms, conditions, and requirements under Saudi law.
find out more
Option Purchase Contract Car
A Saudi Arabian law-governed agreement granting the right to purchase a specified vehicle at a predetermined price within an agreed timeframe, compliant with both commercial and Sharia law.
find out more
Truck Purchase Agreement
A Saudi Arabian law-governed agreement for the purchase and sale of commercial trucks, ensuring compliance with local regulations and Sharia principles.
find out more
As Is Real Estate Contract Form
A Saudi Arabian real estate purchase agreement for properties sold in their current condition, compliant with Shariah law and local regulations.
find out more
House Offer Contract
A Saudi Arabian law-compliant contract presenting a formal offer to purchase residential property, outlining key terms and conditions of the proposed transaction.
find out more
Purchasers Agreement
A Sharia-compliant Purchase Agreement under Saudi Arabian law governing the sale and purchase of goods or assets, detailing terms, conditions, and obligations of all parties.
find out more
Buy In Agreement
A Sharia-compliant agreement under Saudi Arabian law governing the acquisition of an ownership stake in an existing business by a new investor.
find out more
Asset Purchase Form
A Saudi Arabian law-compliant document facilitating the legal transfer of assets between parties, incorporating local commercial and Shariah law requirements.
find out more
Used Vehicle Purchase Agreement
A legally binding agreement for used vehicle sales in Saudi Arabia, compliant with Saudi law and Sharia principles, detailing sale terms and ownership transfer requirements.
find out more
Simple Offer To Purchase Land Form
A Saudi Arabian legal document presenting a formal offer to purchase land property, incorporating local legal requirements and Shariah compliance.
find out more
Stock Buyout Agreement
A Saudi law-governed agreement detailing terms and conditions for share purchase from existing shareholders, ensuring compliance with local regulations and Shariah principles.
find out more
Real Estate Purchase Agreement With Seller Financing
A Saudi Arabian law-governed agreement for real estate purchase with seller-provided financing, incorporating Islamic finance principles and local property regulations.
find out more
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)