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1. Parties: Identification and details of the Licensor and Licensee, including official registration numbers and addresses
2. Background: Context of the agreement, including property ownership confirmation and purpose of the license
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Grant of License: Specific rights being granted, scope of permitted use, and any restrictions
5. Term and Termination: Duration of the license, renewal terms, and circumstances for termination
6. License Fee: Payment terms, amounts, and schedule of payments
7. Permitted Use: Detailed description of how the property may be used and any prohibited activities
8. Licensee Obligations: Responsibilities and duties of the Licensee regarding property use and maintenance
9. Licensor Obligations: Responsibilities and duties of the Licensor in maintaining the property and ensuring peaceful enjoyment
10. Compliance with Laws: Obligation to comply with Saudi laws, regulations, and Sharia principles
11. Insurance and Liability: Insurance requirements and allocation of risks between parties
12. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanisms
13. Notices: Process and requirements for formal communications between parties
14. Entire Agreement: Integration clause confirming the complete understanding between parties
1. Security Deposit: Terms for security deposit if required, typically used for high-value properties or long-term licenses
2. Alterations and Improvements: Terms governing modifications to the property, used when alterations might be necessary
3. Sublicensing Rights: Terms regarding the right to sublicense, if permitted
4. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term agreements
5. Environmental Compliance: Special provisions for properties where environmental concerns are relevant
6. Utilities and Services: Responsibility for utilities and services, relevant for properties with shared facilities
7. Assignment: Terms regarding the transfer of license rights, if permitted
8. Intellectual Property: Provisions relating to IP rights if the licensed property includes branded elements
1. Property Description: Detailed description of the licensed property, including plans, photographs, and specifications
2. Payment Schedule: Detailed breakdown of license fees, payment dates, and calculation methods
3. Condition Report: Documentation of property condition at commencement of license
4. Permitted Use Guidelines: Detailed guidelines and restrictions for property use
5. Insurance Requirements: Specific insurance requirements and minimum coverage levels
6. Maintenance Schedule: Schedule of regular maintenance responsibilities
7. Required Permits: List of necessary permits and licenses required for property use
8. Service Level Agreement: Details of any services to be provided by the Licensor
Real Estate
Commercial Property
Retail
Industrial
Hospitality
Healthcare
Education
Manufacturing
Logistics
Technology
Religious Institutions
Professional Services
Entertainment
Sports and Recreation
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Property Management
Business Development
Commercial Operations
Property Manager
Facilities Director
Real Estate Manager
Legal Counsel
Commercial Director
Operations Manager
Business Development Manager
Compliance Officer
Risk Manager
Contract Administrator
Chief Financial Officer
Asset Manager
Regional Director
Site Manager
General Counsel
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