Document background
The Amended and Restated Agreement is utilized when parties need to substantially modify an existing agreement while maintaining a single, coherent document that reflects all changes. This document type is particularly relevant in the Saudi Arabian context, where both civil law and Sharia principles must be considered. It's commonly used when multiple amendments have been made to an original agreement, making it more practical to create a new, consolidated version. The document includes references to the original agreement, clearly outlines all modifications, and ensures compliance with Saudi Arabian regulatory requirements. It's especially useful in complex commercial relationships where transparency and legal clarity are essential, such as joint ventures, financing arrangements, or long-term service agreements. The agreement must be carefully structured to address both the commercial requirements of the parties and the specific legal and religious considerations unique to Saudi jurisdiction.
