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The Agreement Contract To Buy And Sell (Real Estate) is a fundamental legal document used in Saudi Arabian property transactions to formalize the transfer of real estate ownership between parties. This document is essential when any party wishes to purchase or sell real property in Saudi Arabia, whether for residential, commercial, or investment purposes. The agreement must comply with both civil law requirements and Sharia principles, incorporating specific elements required by Saudi Arabian real estate regulations. It includes detailed provisions for property description, payment terms, conditions precedent, due diligence requirements, and completion procedures. The document is particularly important given Saudi Arabia's strict property registration requirements and the need to ensure all transactions are compliant with local laws, including foreign ownership restrictions where applicable.

1. Parties: Identification of the seller and buyer with full legal names, addresses, and official identification numbers

2. Background: Context of the sale, including brief property description and parties' intention to enter into the transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including location, dimensions, title deed number, and any inclusions/exclusions

5. Purchase Price: Agreed purchase price, payment terms, and method of payment in compliance with Sharia principles

6. Deposit: Details of the deposit amount, payment timing, and holding arrangements

7. Conditions Precedent: Conditions that must be satisfied before the sale can proceed

8. Due Diligence: Buyer's right to investigate the property and related documentation

9. Seller's Warranties: Seller's representations regarding property ownership, condition, and legal status

10. Completion: Process and requirements for completing the sale, including documentation and registration

11. Risk and Insurance: Transfer of risk and insurance responsibilities

12. Default and Termination: Consequences of breach and termination rights

13. Notices: How formal communications between parties should be made

14. Governing Law: Confirmation of Saudi law and Sharia principles as governing law

15. Execution: Signature blocks and execution requirements