Document background
The Mutual Service Agreement is a specialized contract used when two or more parties wish to establish a formal arrangement for the exchange of services in Saudi Arabia. This document is particularly relevant when organizations need to create a structured framework for reciprocal service provision, ensuring compliance with both Shariah principles and Saudi commercial laws. It's commonly used in business partnerships, joint ventures, and cross-organizational collaborations where services are exchanged rather than provided unilaterally. The agreement covers essential elements such as service specifications, performance metrics, payment terms, and compliance requirements specific to Saudi jurisdiction. It's designed to protect both parties' interests while ensuring the arrangement meets local regulatory requirements, including those set by the Ministry of Commerce and Investment.
