黑料视频

Debt Factoring Agreement Template for Saudi Arabia

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Debt Factoring Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Debt Factoring Agreement

"I need a Sharia-compliant Debt Factoring Agreement for my manufacturing company in Saudi Arabia, with a maximum facility amount of SAR 10 million, where we will be assigning receivables to ABC Islamic Bank with full recourse and requiring debtor credit insurance."

Document background
The Debt Factoring Agreement is essential for businesses in Saudi Arabia seeking to improve their cash flow through the sale of their accounts receivable. This document is used when a company wishes to access immediate working capital by selling its receivables to a financial institution at a discount. The agreement must comply with Saudi Arabian law and Sharia principles, particularly regarding the treatment of interest and uncertainty. It outlines the entire factoring relationship, including purchase terms, collection procedures, profit structures, and risk allocation. The document is crucial for both factors and businesses operating in Saudi Arabia's developing factoring market, especially following recent regulatory developments that have enhanced the framework for factoring operations. It includes comprehensive provisions for credit assessment, debtor notification, payment processing, and dispute resolution, all structured to meet local regulatory requirements and business practices.
Suggested Sections

1. Parties: Identification of the Factor and the Client (including registration details and addresses)

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions and Interpretation: Definitions of key terms and interpretation rules, including Sharia-compliant terminology

4. Assignment of Receivables: Terms and conditions for the assignment of debts from Client to Factor

5. Purchase Price and Payment Terms: Calculation of purchase price, advance payment percentage, and payment mechanics in Sharia-compliant manner

6. Client's Representations and Warranties: Client's confirmations regarding their business, receivables, and compliance with laws

7. Factor's Rights and Obligations: Factor's responsibilities, including collection rights and notification procedures

8. Client's Covenants: Ongoing obligations of the Client throughout the agreement term

9. Collection and Management of Receivables: Procedures for collecting and managing assigned receivables

10. Fees and Charges: Detailed breakdown of all applicable fees and charges in Sharia-compliant structure

11. Term and Termination: Duration of agreement and circumstances allowing termination

12. Events of Default: Circumstances constituting default and consequences

13. Indemnification: Mutual indemnification obligations

14. Confidentiality: Protection of confidential information

15. Governing Law and Jurisdiction: Saudi Arabian law as governing law and jurisdiction provisions

16. Notices: Communication methods and contact details for notices

Optional Sections

1. Sharia Compliance: Detailed section on Islamic finance compliance - required if the agreement needs explicit Sharia compliance provisions

2. Credit Protection: Terms for non-recourse factoring - included when Factor assumes credit risk

3. Electronic Trading Platform: Provisions for digital factoring services - included when using electronic platforms

4. International Transactions: Additional provisions for cross-border factoring - required for international arrangements

5. Security Arrangements: Additional security requirements - included when collateral is required

6. Insurance: Insurance requirements - included when specific insurance coverage is needed

7. Data Protection: Specific data protection provisions - required when handling sensitive data

8. Agency Provisions: Required when Factor acts as agent for collection

Suggested Schedules

1. Schedule 1 - Eligible Receivables Criteria: Detailed criteria for receivables that can be factored

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and profit rates

3. Schedule 3 - Operational Procedures: Day-to-day operational procedures and requirements

4. Schedule 4 - Form of Assignment Notice: Template for notifying debtors of the assignment

5. Schedule 5 - Reporting Requirements: Templates and timing for required reports

6. Schedule 6 - KYC Requirements: Required documentation for client verification

7. Schedule 7 - Approved Debtors List: List of pre-approved debtors and their credit limits

8. Appendix A - Collection Procedures: Detailed procedures for collecting receivables

9. Appendix B - Technology Requirements: Technical specifications for electronic interface if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






















































Clauses







































Relevant Industries

Banking and Financial Services

Manufacturing

Wholesale Trade

Retail

Construction

Healthcare

Technology

Telecommunications

Transportation and Logistics

Professional Services

Industrial Services

Import/Export

Energy

Real Estate

Relevant Teams

Finance

Legal

Compliance

Risk Management

Treasury

Operations

Credit

Collections

Business Development

Accounts Receivable

Islamic Banking

Commercial

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Credit Manager

Accounts Receivable Manager

Legal Counsel

Compliance Officer

Risk Manager

Commercial Director

Operations Manager

Financial Controller

Credit Analyst

Business Development Manager

Factoring Operations Manager

Sharia Compliance Officer

Collections Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Hire Purchase Agreement For Vehicle

A Sharia-compliant vehicle financing agreement under Saudi Arabian law enabling structured payments for vehicle purchase with defined ownership transfer terms.

find out more

Financial Loan Agreement

Shariah-compliant loan agreement under Saudi Arabian law, documenting Islamic financing terms between lender and borrower.

find out more

Hire Purchase Agreement Motor Vehicle

A Sharia-compliant hire purchase agreement for motor vehicles under Saudi Arabian law, enabling vehicle purchase through structured installment payments.

find out more

Film Equity Investment Agreement

A Shariah-compliant agreement for equity investment in film projects under Saudi Arabian law, establishing terms for capital investment and profit sharing in film production ventures.

find out more

Intercreditor Deed

A Saudi Arabian law-governed agreement establishing rights and priorities between multiple creditors in a financing arrangement, incorporating both Sharia compliance and local regulatory requirements.

find out more

Loan Agreement Between Individual And Company

A Sharia-compliant loan agreement under Saudi Arabian law between a company lender and individual borrower, incorporating Islamic finance principles and local regulatory requirements.

find out more

Co Borrower Loan Agreement

A Saudi Arabian law-governed Islamic finance agreement establishing joint liability between multiple borrowers for a Sharia-compliant loan facility.

find out more

Trade Finance Agreement

A Saudi Arabian law-governed agreement establishing trade finance facilities between financial institutions and customers, incorporating both conventional and Islamic finance principles.

find out more

Short Term Loan Agreement

A Shariah-compliant short-term loan agreement under Saudi Arabian law, facilitating temporary financing needs while adhering to Islamic banking principles and local regulations.

find out more

Real Estate Loan Agreement

A Sharia-compliant real estate financing agreement under Saudi Arabian law, establishing terms for property financing while adhering to Islamic banking principles and SAMA regulations.

find out more

Person To Person Loan Agreement

A Sharia-compliant personal loan agreement between individuals under Saudi Arabian law, documenting interest-free lending terms and conditions.

find out more

Master Loan Agreement

A Sharia-compliant framework agreement under Saudi Arabian law governing multiple financing facilities between lender and borrower.

find out more

Loan Payback Agreement

A Sharia-compliant loan repayment agreement under Saudi Arabian law that outlines terms and conditions for loan repayment while ensuring compliance with Islamic banking principles.

find out more

Financing Contract Agreement

A Sharia-compliant financing agreement under Saudi Arabian law, documenting lending arrangements between financial institutions and borrowers while ensuring compliance with Islamic finance principles.

find out more

Financial Agreement Between Two Parties

Sharia-compliant financial agreement template for two-party transactions under Saudi Arabian law, incorporating essential financial terms and regulatory compliance requirements.

find out more

Equipment Lease Agreement With Option To Purchase

A Saudi Arabian law-governed agreement for equipment leasing with purchase option, compliant with Shariah principles and local commercial regulations.

find out more

Debt Agreement Loans

A Sharia-compliant loan agreement under Saudi Arabian law establishing terms for lending arrangements, including profit-sharing mechanisms and security provisions.

find out more

Contract For Car Payments

A Sharia-compliant vehicle financing agreement under Saudi Arabian law establishing payment terms and conditions between the financial institution and the vehicle purchaser.

find out more

Car Loan Agreement Between Family

A Sharia-compliant car loan agreement for use between family members in Saudi Arabia, incorporating both Islamic financial principles and Saudi civil law requirements.

find out more

Car Finance Contract

A Shariah-compliant vehicle financing agreement under Saudi Arabian law, establishing terms between a finance company and customer for vehicle purchase financing.

find out more

Business To Business Loan Agreement

A Shariah-compliant B2B loan agreement under Saudi Arabian law, structured to meet both Islamic finance principles and commercial requirements.

find out more

Business Loan Contract

A Sharia-compliant business loan agreement under Saudi Arabian law, facilitating commercial financing while ensuring compliance with Islamic finance principles.

find out more

Auto Finance Contract

Saudi Arabian-governed Islamic-compliant vehicle financing agreement that establishes terms and conditions for auto financing while meeting SAMA and Shariah requirements.

find out more

Auto Finance Agreement

A Shariah-compliant vehicle financing agreement under Saudi Arabian law, structured to meet SAMA requirements and Islamic finance principles.

find out more

Vehicle Loan Agreement

Saudi Arabian-compliant vehicle financing agreement template incorporating Islamic finance principles and SAMA regulations for vehicle purchase financing.

find out more

Car Loan Security Agreement

A Shariah-compliant security agreement for vehicle financing in Saudi Arabia, establishing lender's security interest and borrower's obligations under Saudi law.

find out more

Floor Plan Financing Agreement

A Saudi Arabian law-governed, Shariah-compliant agreement for inventory financing between financial institutions and dealers, using inventory as collateral.

find out more

Line Of Credit Loan Agreement

A Sharia-compliant Line of Credit Loan Agreement under Saudi Arabian law establishing a revolving credit facility between an Islamic bank and borrower.

find out more

Jewelry Loan Agreement

A Sharia-compliant agreement governing the temporary loan of jewelry items in Saudi Arabia, detailing terms, conditions, and obligations of all parties involved.

find out more

Loan Agreement Between Friends

A Sharia-compliant loan agreement for use between friends in Saudi Arabia, providing a legal framework for interest-free personal lending while maintaining friendly relations.

find out more

Factoring Receivables Agreement

A Shariah-compliant agreement under Saudi Arabian law governing the sale of accounts receivable to a financial institution for immediate working capital financing.

find out more

Vendor Finance Contract

A Sharia-compliant vendor financing agreement under Saudi Arabian law, structuring the financing of goods or equipment with comprehensive payment and security terms.

find out more

Car Loan Promissory Note

A Shariah-compliant promissory note for vehicle financing in Saudi Arabia, documenting the borrower's obligation to repay the vehicle financing amount under Saudi law.

find out more

Business Finance Agreement

A Shariah-compliant business financing agreement under Saudi Arabian law, establishing terms and conditions for commercial funding arrangements.

find out more

Vehicle Purchase Agreement With Monthly Payments

A Saudi Arabian law-governed agreement for vehicle purchase with monthly installment payments, detailing sale terms, payment schedule, and ownership transfer conditions.

find out more

Subsidiary Loan Agreement

A Sharia-compliant loan agreement between a parent company and its subsidiary under Saudi Arabian law, establishing terms for financing and repayment.

find out more

Funding Term Sheet

A preliminary agreement outlining key investment terms and conditions under Saudi Arabian law, serving as the basis for final investment documentation.

find out more

Inventory Financing Agreement

A Sharia-compliant inventory financing agreement under Saudi Arabian law, enabling businesses to secure financing using their inventory as collateral.

find out more

Accounts Receivable Financing Agreement

A Saudi Arabian law-governed, Shariah-compliant agreement for financing business receivables through purchase arrangements.

find out more

Partnership Loan Agreement

A Sharia-compliant partnership loan agreement under Saudi Arabian law that establishes terms for partnership-based financing while ensuring compliance with Islamic finance principles.

find out more

Senior Loan Agreement

A Shariah-compliant senior loan agreement under Saudi Arabian law detailing terms and conditions for secured financing between lender and borrower.

find out more

Online Loan Agreement

Shariah-compliant online lending agreement for use in Saudi Arabia, combining Islamic financing principles with digital banking requirements.

find out more

Debt Factoring Agreement

A Sharia-compliant agreement under Saudi Arabian law for the assignment of accounts receivable from a business to a financial institution in exchange for immediate funding.

find out more

Car Finance Agreement

A Sharia-compliant vehicle financing agreement under Saudi Arabian law, detailing terms, conditions, and obligations for vehicle financing transactions.

find out more

Asset Loan Agreement

A Shariah-compliant Asset Loan Agreement under Saudi Arabian law, governing the temporary transfer and use of assets between parties.

find out more

Revenue Based Financing Agreement

A Shariah-compliant Revenue Based Financing Agreement under Saudi Arabian law, linking investment returns to company revenue performance.

find out more

Limited Recourse Loan Agreement

A Saudi Arabian law-governed Limited Recourse Loan Agreement that provides Shariah-compliant financing against specific assets or revenue streams.

find out more

Novation Lease Agreement

A Saudi Arabian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, while maintaining the original lessor's position.

find out more

Purchase Order Financing Agreement

A Sharia-compliant agreement under Saudi Arabian law for financing against purchase orders, detailing terms, conditions, and security arrangements for working capital provision.

find out more

Company Loan Agreement

A Shariah-compliant corporate loan agreement under Saudi Arabian law, establishing terms for company financing in accordance with Islamic principles and local regulations.

find out more

Building Loan Agreement

A Sharia-compliant construction financing agreement under Saudi Arabian law, establishing terms for property development funding and construction project implementation.

find out more

Working Capital Loan Agreement

A Sharia-compliant financing agreement under Saudi Arabian law for providing working capital facilities to businesses, incorporating both conventional banking and Islamic finance principles.

find out more

Informal Loan Agreement

A Sharia-compliant informal loan agreement for use in Saudi Arabia, documenting interest-free lending arrangements while adhering to Saudi law and Islamic principles.

find out more

Vehicle Lease Purchase Agreement

A Sharia-compliant vehicle lease-purchase agreement under Saudi Arabian law, combining lease terms with a purchase option while adhering to local commercial regulations.

find out more

Debt Financing Agreement

A Shariah-compliant financing agreement under Saudi Arabian law that establishes terms and conditions for debt financing while adhering to Islamic banking principles.

find out more

Stock Loan Agreement

A Saudi Arabian law-governed agreement for securities lending that complies with both CMA regulations and Shariah principles, detailing terms for temporary securities transfers against collateral.

find out more

Commercial Loan Agreement

Saudi Arabian Commercial Loan Agreement compliant with Shariah law, establishing terms for corporate financing under SAMA regulations.

find out more

Vendor Finance Agreement

A Sharia-compliant financing agreement under Saudi Arabian law that establishes terms for vendor-provided financing arrangements, including payment terms, security, and compliance requirements.

find out more

House Loan Agreement

A Sharia-compliant house financing agreement under Saudi Arabian law, establishing terms for property financing between an Islamic financial institution and borrower.

find out more

Intra Group Loan Agreement

A Sharia-compliant loan agreement between related corporate entities under Saudi Arabian law, establishing terms for intra-group financing.

find out more

Subordinate Loan Agreement

A Shariah-compliant Subordinate Loan Agreement under Saudi Arabian law, establishing terms for subordinated financing with Islamic finance principles.

find out more

Friendly Loan Agreement

A Sharia-compliant, interest-free loan agreement under Saudi Arabian law, formalizing financial arrangements between parties with a pre-existing relationship.

find out more

Term Loan Agreement

A Shariah-compliant Term Loan Agreement under Saudi Arabian law establishing terms for financial facilities, incorporating Islamic finance principles and SAMA regulations.

find out more

Accounts Receivable Purchase Agreement

A Saudi Arabian law-governed agreement for the sale and purchase of accounts receivable, structured to comply with both commercial law and Sharia principles.

find out more

Loan Purchase Agreement

A Saudi Arabian law-governed agreement for the transfer of loan portfolios between financial institutions, incorporating Sharia compliance and SAMA regulatory requirements.

find out more

Loan Master Agreement

A Shariah-compliant master agreement under Saudi Arabian law establishing terms for multiple financing facilities between a lender and borrower.

find out more

Financial Lease Contract

A Sharia-compliant financial lease agreement under Saudi Arabian law, structuring long-term asset financing while maintaining lessor ownership.

find out more

Loan With Collateral Agreement

A Shariah-compliant secured lending agreement under Saudi Arabian law, establishing terms for a loan backed by collateral with comprehensive security provisions.

find out more

Loan Agreement And Promissory Note

A Shariah-compliant loan agreement with integrated promissory note under Saudi Arabian law, combining secured financing with a negotiable payment commitment.

find out more

Bridge Loan Agreement

A Shariah-compliant bridge loan agreement under Saudi Arabian law, providing temporary financing until permanent funding is secured.

find out more

Mortgage Loan Agreement

A Shariah-compliant mortgage financing agreement under Saudi Arabian law, establishing terms and security arrangements between a lender and borrower.

find out more

Private Loan Agreement

A Sharia-compliant private loan agreement under Saudi Arabian law, detailing loan terms and conditions between private parties.

find out more

Loan Agreement Contract

A Sharia-compliant loan agreement contract under Saudi Arabian law, establishing terms and conditions for Islamic financing facilities.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.