Buyer Seller Agreement

Buyer Seller Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

"I need a Buyer Seller Agreement for the sale of technology hardware components from our Saudi-based company to a UAE distributor, with delivery scheduled throughout 2025 and specific requirements for technical support and warranty provisions."

Document background

The Buyer Seller Agreement is a fundamental commercial contract used to formalize trading relationships in Saudi Arabia. This document is essential for businesses engaged in the sale and purchase of goods or services, whether in domestic or international trade contexts. The agreement must comply with Saudi Arabian commercial regulations and Sharia law principles, particularly regarding financial transactions and prohibited items. It provides a comprehensive framework covering product specifications, pricing, delivery terms, warranties, and dispute resolution mechanisms. The document is commonly used across various industries and can be adapted for both simple retail transactions and complex commercial arrangements. Its structure ensures that all aspects of the sale are clearly defined while maintaining compliance with local legal requirements and Islamic commercial principles.

Suggested Sections

1. Parties: Identification and details of the buyer and seller, including full legal names, addresses, and commercial registration numbers if applicable

2. Background: Context of the agreement and brief description of the business relationship

3. Definitions: Definitions of key terms used throughout the agreement

4. Subject Matter of Sale: Detailed description of goods/products being sold, including specifications, quantity, and quality standards

5. Price and Payment Terms: Purchase price, payment schedule, method of payment, and currency (ensuring compliance with Islamic financial principles)

6. Delivery Terms: Delivery schedule, location, method, and transfer of risk and title

7. Inspection and Acceptance: Procedures for inspection of goods and acceptance criteria

8. Warranties and Representations: Warranties regarding product quality, compliance with specifications, and seller's authority to sell

9. Compliance with Laws: Obligation to comply with Saudi laws and Sharia principles

10. Termination: Circumstances and procedures for contract termination

11. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law

12. Force Majeure: Events constituting force majeure and their consequences

13. Notices: Process for formal communications between parties

14. General Provisions: Standard legal provisions including amendments, waiver, and severability

Optional Sections

1. Intellectual Property Rights: Required when the sale involves products with intellectual property components

2. Confidentiality: Needed when parties will exchange sensitive business information

3. Insurance: Required for high-value goods or when specific risks need to be covered

4. Export/Import Compliance: Necessary for international sales or cross-border transactions

5. Training and Support: Include when the sale involves complex products requiring technical support

6. Return and Refund Policy: Important for retail sales or when dealing with consumable goods

7. Quality Control: Required for ongoing supply relationships or technical products

8. Exclusivity: Include when granting exclusive rights to buy certain products

9. After-Sales Service: Necessary for products requiring maintenance or ongoing support

Suggested Schedules

1. Product Specifications: Detailed technical specifications of the products

2. Price List: Detailed breakdown of prices for different products or variants

3. Delivery Schedule: Detailed timeline and requirements for product delivery

4. Quality Standards: Specific quality requirements and testing procedures

5. Warranty Terms: Detailed warranty terms and conditions

6. Service Level Agreement: Performance metrics and service standards if applicable

7. Required Certifications: List of required regulatory or quality certifications

8. Contact Details: List of key contacts for both parties

9. Payment Schedule: Detailed payment terms and milestones

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Retail

Manufacturing

Technology

Consumer Goods

Industrial Products

Construction

Automotive

Electronics

Food and Beverage

Healthcare

Textiles

Energy

Agriculture

Mining

Telecommunications

Relevant Teams

Legal

Procurement

Sales

Commercial

Operations

Supply Chain

Compliance

Business Development

Finance

Risk Management

Contract Administration

Relevant Roles

Procurement Manager

Sales Director

Commercial Manager

Legal Counsel

Contract Administrator

Supply Chain Manager

Business Development Manager

Operations Director

Chief Commercial Officer

Purchase Officer

Sales Manager

Compliance Officer

General Counsel

Trading Manager

Import/Export Manager

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Let's create your Buyer Seller Agreement

Authors

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