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The Master Contract serves as a foundational document for establishing long-term business relationships in Saudi Arabia, providing a comprehensive framework that governs subsequent transactions between parties. This document type is particularly crucial in the Saudi Arabian context, where both Shariah law compliance and modern commercial regulations must be carefully balanced. The Master Contract is typically used when parties anticipate multiple transactions or ongoing business dealings, reducing the need to negotiate terms for each individual transaction while ensuring consistency in approach. It incorporates essential provisions required under Saudi law, addresses local business practices, and includes mechanisms for dispute resolution that align with the Saudi legal system. The document is structured to accommodate various commercial arrangements while maintaining compliance with Islamic principles, making it suitable for both domestic and international business relationships in Saudi Arabia.

1. Parties: Identification of the contracting parties, including full legal names, commercial registration numbers, and authorized representatives

2. Background: Context of the agreement, relationship between parties, and general commercial intent

3. Definitions: Key terms used throughout the agreement, including Arabic equivalents where relevant

4. Scope of Agreement: Framework terms governing the overall relationship and future transactions

5. Structure of Transactions: Process for entering into individual transactions and their relationship to the master agreement

6. Shariah Compliance: Declarations and provisions ensuring compliance with Islamic law principles

7. Representations and Warranties: Fundamental statements of fact and assurances from each party

8. General Obligations: Core duties and responsibilities of each party under the master agreement

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

10. Payment Terms: General framework for payments, avoiding interest-based transactions

11. Confidentiality: Protection of confidential information exchanged between parties

12. Force Majeure: Provisions for unforeseen circumstances preventing performance

13. Dispute Resolution: Procedures for resolving disputes, including Saudi law requirements

14. Governing Law: Application of Saudi law and Shariah principles

15. General Provisions: Standard boilerplate clauses adapted for Saudi law