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The Auto Purchase Agreement is a crucial legal document used in Saudi Arabia for documenting the sale and transfer of motor vehicles between parties. It serves as the primary contract for both private and commercial vehicle sales, ensuring compliance with Saudi Arabian traffic laws, commercial regulations, and Sharia principles. This document is essential for protecting both buyers' and sellers' interests by clearly defining the vehicle specifications, purchase terms, warranties, and ownership transfer process. It includes provisions for various transaction types, from simple private sales to complex commercial fleet purchases, and can accommodate both cash and Sharia-compliant financing arrangements. The agreement is designed to meet the requirements of the Saudi Ministry of Commerce and Investment, traffic authorities, and other relevant regulatory bodies.

1. Parties: Identifies and provides full details of the seller and buyer, including their legal names, addresses, and identification numbers

2. Background: Brief context of the transaction and confirmation that the seller owns the vehicle and has the right to sell it

3. Definitions: Defines key terms used throughout the agreement

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, mileage, and other identifying features

5. Purchase Price and Payment: States the agreed purchase price, payment method, and payment schedule in compliance with Sharia principles

6. Transfer of Ownership: Details the process and timing of ownership transfer, including registration requirements under Saudi law

7. Seller's Representations and Warranties: Seller's statements about the vehicle's condition, legal status, and absence of encumbrances

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Risk and Insurance: Specifies when risk transfers to the buyer and insurance requirements

10. Governing Law and Jurisdiction: Confirms Saudi law as governing law and specifies jurisdiction for disputes

11. Entire Agreement: States that the agreement represents the complete understanding between parties

12. Execution: Signature blocks and execution requirements