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An Equipment Supply Agreement is essential for businesses engaging in the purchase and supply of equipment within Saudi Arabia or importing equipment into the Kingdom. This document is particularly crucial as it must comply with both Saudi commercial regulations and Sharia principles while meeting SASO technical requirements. The agreement is commonly used in commercial transactions where significant equipment purchases are involved, ranging from industrial machinery to specialized technical equipment. It should address key aspects such as specifications, delivery terms, warranties, after-sales support, and local content requirements where applicable. The document is designed to protect both parties' interests while ensuring compliance with Saudi Arabian import regulations, technical standards, and commercial agency laws.

1. Parties: Identification of the supplier and purchaser, including full legal names, registration details, and addresses

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

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Scope of Supply: Detailed description of the equipment to be supplied, including quantities and specifications

5. Price and Payment Terms: Equipment pricing, payment schedule, payment method, and currency

6. Delivery and Installation: Delivery terms, timeline, location, and installation requirements if applicable

7. Title and Risk: Transfer of ownership and risk in the equipment

8. Warranties and Representations: Equipment warranties, quality guarantees, and performance standards

9. Compliance with Laws: Obligations to comply with Saudi laws, including SASO requirements and import regulations

10. Inspection and Testing: Rights and procedures for equipment inspection and acceptance testing

11. Intellectual Property: IP rights related to the equipment and any associated documentation

12. Confidentiality: Protection of confidential information exchanged during the supply relationship

13. Term and Termination: Duration of the agreement and circumstances for termination

14. Liability and Indemnity: Allocation of risks and responsibilities between parties

15. Force Majeure: Provisions for unforeseen events affecting performance

16. Governing Law and Dispute Resolution: Saudi law as governing law and dispute resolution mechanisms

17. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement