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The Buyer Exclusive Agreement is a crucial document used when a property buyer wishes to engage an agent or broker for exclusive representation in Saudi Arabia. This agreement is particularly important in the Saudi Arabian market where property transactions must comply with both civil law and Sharia principles. The document establishes the agent's exclusive right to represent the buyer in property searches, negotiations, and acquisitions, while detailing the scope of services, commission structures, and mutual obligations. It provides protection for both the agent's interests in securing their commission and the buyer's interests in receiving dedicated, conflict-free representation. The agreement is commonly used in both commercial and residential property transactions and must be structured to comply with Saudi Arabia's Commercial Court Law and Real Estate General Authority regulations.

1. Parties: Identification of the buyer and the agent/broker, including full legal names, addresses, and commercial registration details

2. Background: Context of the agreement, including the buyer's intention to acquire property and the agent's expertise

3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Exclusive Period', and 'Commission'

4. Appointment and Scope: Terms of exclusive appointment and detailed scope of services to be provided by the agent

5. Exclusivity Period: Duration of the exclusive arrangement and any renewal provisions

6. Agent's Obligations: Detailed responsibilities including property search, negotiations, and reporting requirements

7. Buyer's Obligations: Buyer's commitments including providing necessary information and working exclusively through the agent

8. Commission Structure: Details of fees, payment terms, and circumstances under which commission becomes payable

9. Confidentiality: Obligations regarding confidential information and its handling

10. Termination: Circumstances and process for ending the agreement

11. Governing Law and Jurisdiction: Specification of Saudi law application and dispute resolution mechanisms

12. Notices: Process and requirements for formal communications between parties

13. General Provisions: Standard clauses including severability, entire agreement, and amendments