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The Auto Sales Agreement is a vital legal instrument used in Saudi Arabia for documenting and formalizing the sale and purchase of vehicles. This document is essential for both private and commercial transactions, ensuring compliance with Saudi Arabian commercial laws, traffic regulations, and Sharia principles. It serves multiple purposes including documenting the transfer of ownership, establishing the rights and obligations of both parties, and meeting local regulatory requirements for vehicle registration and ownership transfer. The agreement is particularly important in the Saudi context as it must address specific local requirements such as compliance with the Traffic Law (Royal Decree No. M/85 of 2021), Consumer Protection Law, and Islamic commercial principles. It's commonly used by individuals, dealerships, and corporations for both new and used vehicle sales, incorporating necessary provisions for vehicle identification, payment terms, warranties, and ownership transfer procedures.

1. Parties: Identification of the seller and buyer with complete legal names, addresses, and official identification numbers

2. Background: Brief context of the sale transaction and acknowledgment of the parties' capacity to enter into the agreement

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Delivery Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, color, mileage, and current condition

5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable

6. Transfer of Ownership: Terms regarding the transfer of vehicle title and registration process

7. Seller's Representations and Warranties: Seller's declarations regarding vehicle condition, ownership, and absence of encumbrances

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

9. Delivery: Terms regarding vehicle handover, including timing and location

10. Risk and Insurance: Transfer of risk and insurance requirements

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution process