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Short Form Of Agreement Template for Saudi Arabia

A concise yet comprehensive agreement template designed for use in Saudi Arabia, incorporating essential elements of Saudi law and Sharia principles. This document provides a streamlined framework for commercial relationships while ensuring compliance with local regulations. It includes core contractual elements such as party obligations, payment terms, and dispute resolution mechanisms, all structured to align with Saudi Arabian legal requirements and business practices. The agreement is particularly suitable for straightforward commercial arrangements where a full-length contract would be unnecessarily complex.

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What is a Short Form Of Agreement?

The Short Form of Agreement is specifically designed for use in Saudi Arabia where parties require a simplified yet legally robust contract structure. This document type is particularly valuable for businesses seeking to establish clear commercial relationships without the complexity of a full-length agreement. It incorporates essential elements required under Saudi law and Sharia principles while maintaining brevity and clarity. The agreement is commonly used for straightforward commercial arrangements, consultancy services, supply agreements, or basic service provisions where the scope and obligations can be clearly defined without extensive contractual provisions. It includes fundamental elements such as party details, scope of services, payment terms, and dispute resolution mechanisms, all tailored to comply with Saudi Arabian jurisdiction requirements.

What sections should be included in a Short Form Of Agreement?

1. Parties: Identification of the contracting parties with full legal names and addresses

2. Background: Brief context of the agreement and relationship between the parties

3. Definitions: Key terms used throughout the agreement

4. Scope of Agreement: Clear description of the subject matter and main obligations

5. Duration: Term of the agreement, including commencement date and expiry/renewal terms

6. Financial Terms: Payment terms, amounts, and method of payment (ensuring Sharia compliance)

7. Obligations: Key responsibilities of each party

8. Termination: Circumstances and process for ending the agreement

9. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution method

10. Entire Agreement: Integration clause confirming the complete understanding between parties

What sections are optional to include in a Short Form Of Agreement?

1. Confidentiality: Include when sensitive information will be shared between parties

2. Force Majeure: Add when protection against unforeseen events is needed

3. Insurance: Include when specific insurance coverage is required

4. Intellectual Property: Add when IP rights are involved in the transaction

5. Assignment: Include when transfer of rights needs to be addressed

6. Notices: Add when formal communication procedures need to be specified

7. Compliance with Laws: Include when specific regulatory compliance needs emphasis

What schedules should be included in a Short Form Of Agreement?

1. Schedule 1 - Services/Deliverables: Detailed description of services or deliverables to be provided

2. Schedule 2 - Pricing: Detailed breakdown of prices, payment terms and schedules

3. Schedule 3 - Key Personnel: List of key individuals involved in contract performance

4. Appendix A - Special Terms: Any special conditions or requirements specific to the transaction

5. Appendix B - Technical Specifications: Technical details or specifications if applicable

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

Jurisdiction

Saudi Arabia

Cost

Free to use

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