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Buyer Rep Agreement
"I need a Buyer Rep Agreement for a Saudi-based tech company looking to acquire commercial properties in Riyadh, with an exclusive representation period until June 2025 and specific provisions for multiple property acquisitions."
1. Parties: Identification of the buyer's representative and the buyer, including full legal names, addresses, and registration details where applicable
2. Background: Context of the agreement, including the buyer's intention to acquire property and the representative's qualifications
3. Definitions: Key terms used throughout the agreement, including specific real estate and Saudi legal terminology
4. Appointment and Scope of Services: Formal appointment of the representative and detailed description of services to be provided
5. Term and Termination: Duration of the agreement and circumstances under which it may be terminated
6. Representative's Obligations: Detailed responsibilities including property search, negotiations, due diligence, and compliance with Saudi regulations
7. Client's Obligations: Buyer's responsibilities including providing accurate information, cooperation, and timely decisions
8. Fees and Payment Terms: Compensation structure, payment schedule, and terms compliant with Sharia principles
9. Confidentiality: Obligations regarding confidential information and client privacy
10. Compliance with Laws: Commitment to comply with Saudi laws, regulations, and Sharia principles
11. Liability and Indemnification: Extent of representative's liability and mutual indemnification provisions
12. Notices: Process and requirements for formal communications between parties
13. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction for disputes
1. Exclusivity: Terms of exclusive representation, used when the buyer agrees to work solely with this representative
2. International Transactions: Additional provisions for international buyers or cross-border transactions
3. Property Type Specifications: Specific terms related to commercial, residential, or industrial property searches
4. Force Majeure: Provisions for unforeseen circumstances preventing performance
5. Anti-Money Laundering Compliance: Detailed AML procedures when dealing with high-value transactions or international clients
6. Electronic Communications: Terms for digital communication and document execution when parties agree to conduct business electronically
7. Language: Provisions regarding official language and translations when dealing with non-Arabic speaking clients
1. Schedule 1: Service Fee Structure: Detailed breakdown of fees, commissions, and payment terms
2. Schedule 2: Scope of Services: Comprehensive list of specific services to be provided by the representative
3. Schedule 3: Property Requirements: Detailed specifications of the type of property sought by the buyer
4. Schedule 4: Required Documents: List of documents required from both parties for compliance and due diligence
5. Appendix A: Power of Attorney Template: Standard form for granting specific powers to the representative when required
6. Appendix B: Client Due Diligence Forms: KYC and compliance documentation templates
7. Appendix C: Property Viewing Report Template: Standard form for documenting property viewings and buyer feedback
Authors
Real Estate
Commercial Property
Residential Property
Industrial Property
Retail Property
Hospitality
Healthcare Facilities
Educational Facilities
Mixed-use Development
Islamic Finance
Professional Services
Real Estate
Legal
Compliance
Investment
Client Relations
Business Development
Property Management
Transaction Advisory
Due Diligence
Islamic Finance
Risk Management
Real Estate Agent
Property Consultant
Real Estate Broker
Investment Advisor
Legal Counsel
Compliance Officer
Property Manager
Real Estate Director
Investment Manager
Client Relationship Manager
Business Development Manager
Real Estate Analyst
Transaction Manager
Chief Investment Officer
Head of Real Estate
Find the exact document you need
Buyer Rep Agreement
A Saudi Arabian law-governed agreement appointing a representative to act on behalf of a property buyer, outlining services, duties, and compensation in compliance with local regulations and Sharia law.
Exclusive Representation Agreement
A Saudi law-compliant agreement establishing exclusive commercial representation rights, defining territorial scope and party obligations under Saudi Commercial Agencies Law.
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