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The Vehicle Buy Sell Agreement is essential for documenting vehicle transactions in Saudi Arabia, whether between individuals, dealerships, or corporate entities. This document is specifically designed to comply with Saudi Arabian legal requirements, including traffic regulations, commercial law, and Sharia principles. It should be used whenever a vehicle ownership transfer occurs, providing comprehensive details about the vehicle, transaction terms, and parties involved. The agreement includes mandatory elements required by the Saudi Traffic Department (Muroor) for ownership transfer, along with warranties, representations, and payment terms that protect both parties' interests. It's particularly important given Saudi Arabia's strict vehicle registration and transfer procedures, and the need for proper documentation for both immediate transaction purposes and future reference.

1. Parties: Identification of the seller and buyer with their full legal names, addresses, and official ID numbers as required by Saudi law

2. Background: Brief context of the sale transaction and confirmation that the seller owns the vehicle free from encumbrances

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', and other relevant terms

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, chassis number, engine number, and registration details

5. Purchase Price and Payment Terms: Agreed purchase price, payment method, and timing of payments in compliance with Sharia principles

6. Seller's Representations and Warranties: Seller's confirmations regarding vehicle ownership, condition, and absence of outstanding fines or liabilities

7. Transfer of Ownership: Process and requirements for transferring vehicle ownership through the Saudi Traffic Department (Muroor)

8. Completion Requirements: Actions required by each party to complete the sale, including documentation and registration requirements

9. Risk and Insurance: Transfer of risk and responsibility for maintaining insurance coverage

10. Governing Law and Jurisdiction: Confirmation that Saudi Arabian law governs the agreement and jurisdiction for dispute resolution