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The Truck Sale Agreement is a crucial document used in Saudi Arabia for facilitating the sale and purchase of commercial trucks between parties. It is designed to comply with Saudi Arabian commercial law, traffic regulations, and Sharia principles, making it suitable for both commercial entities and individual buyers. This agreement is particularly important given the significant role of road transportation in Saudi Arabia's economy and the need for clear documentation in vehicle transactions. The document includes comprehensive details about the vehicle, payment terms, warranties, and ownership transfer procedures, while ensuring compliance with local regulatory requirements. It's commonly used in commercial transactions involving fleet purchases, business expansions, or replacement of existing vehicles, and can be adapted for various types of trucks from light commercial vehicles to heavy-duty trucks.

1. Parties: Identification of seller and buyer with full legal names, addresses, and commercial registration details

2. Background: Context of the sale and brief description of the transaction

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

4. Sale and Purchase: Core agreement to sell and purchase the truck, including the basic terms

5. Vehicle Description: Detailed description of the truck including make, model, year, VIN, and current condition

6. Purchase Price: The agreed price and payment terms, including VAT considerations

7. Payment Terms: Details of how and when payment will be made, including any installment arrangements

8. Delivery: Terms and conditions for delivery of the truck, including location and timing

9. Transfer of Title: Process and requirements for transferring ownership and registration

10. Seller's Representations and Warranties: Warranties regarding truck condition, ownership, and compliance with regulations

11. Buyer's Representations: Buyer's acknowledgments and confirmations regarding inspection and acceptance

12. Risk and Insurance: Transfer of risk and insurance requirements

13. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction

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

15. General Provisions: Standard boilerplate clauses including amendments, waivers, and severability