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Wholesale Purchase Agreement Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

Wholesale Purchase Agreement Contract

"I need a Wholesale Purchase Agreement Contract for my Saudi-based electronics distribution company to purchase mobile phones and accessories from a local supplier, with standard payment terms and delivery arrangements, starting from January 2025."

Document background
The Wholesale Purchase Agreement Contract is a fundamental commercial document used in Saudi Arabia to establish and govern the relationship between suppliers/manufacturers and wholesale buyers. This agreement is essential for businesses engaging in regular bulk purchasing arrangements and needs to comply with Saudi Arabian commercial law, including the Law of Commercial Courts (2020) and relevant SASO regulations. It is particularly important when establishing long-term supply relationships, setting out terms for recurring purchases, and ensuring compliance with local regulatory requirements. The document incorporates necessary Sharia-compliant provisions, addresses VAT implications, and includes specific clauses for quality standards, delivery terms, and dispute resolution mechanisms suitable for the Saudi jurisdiction. It's commonly used in various commercial sectors and can be adapted to specific industry requirements while maintaining compliance with Saudi legal frameworks.
Suggested Sections

1. Parties: Identification of the seller and buyer, including full legal names, commercial registration numbers, and authorized representatives

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

3. Definitions: Key terms used throughout the agreement, including technical and commercial terms

4. Scope of Agreement: General framework of the purchase arrangement, including territory and exclusivity provisions if any

5. Purchase Orders and Acceptance: Process for placing and accepting orders, including minimum order quantities and lead times

6. Pricing and Payment Terms: Product pricing structure, payment methods, and terms acceptable under Saudi law

7. Delivery and Risk: Delivery terms, transfer of risk, and logistics arrangements

8. Quality and Compliance: Product quality standards, SASO compliance, and inspection rights

9. Warranties and Representations: Standard commercial warranties and Sharia-compliant representations

10. Term and Termination: Duration of agreement and circumstances for termination

11. Confidentiality: Protection of confidential information and trade secrets

12. Dispute Resolution: Process for resolving disputes under Saudi law, including choice of courts/arbitration

13. Governing Law: Explicit reference to Saudi law and Sharia principles as governing law

14. General Provisions: Standard boilerplate clauses adapted to Saudi law requirements

Optional Sections

1. Import/Export Compliance: Required if products are being imported/exported, covering customs requirements and trade regulations

2. Product Storage and Handling: Include for products requiring special storage conditions or handling procedures

3. Marketing and Promotion: Optional section for arrangements regarding marketing and promotion of products

4. Insurance Requirements: Detailed insurance provisions for high-value or high-risk products

5. Force Majeure: Specific force majeure provisions beyond standard terms, particularly relevant for long-term agreements

6. Environmental Compliance: Required for products with environmental impact or specific environmental regulations

7. Training and Support: Include when seller provides technical training or ongoing support

8. Product Returns and Recalls: Detailed procedures for product returns and recall situations

Suggested Schedules

1. Schedule 1 - Product Specifications: Detailed technical specifications of products covered under the agreement

2. Schedule 2 - Price List: Comprehensive price list including any volume discounts or special pricing arrangements

3. Schedule 3 - Minimum Order Quantities: Detailed breakdown of minimum order quantities per product or category

4. Schedule 4 - Delivery Terms: Specific delivery timeframes, locations, and procedures

5. Schedule 5 - Quality Standards: Detailed quality requirements and testing procedures

6. Schedule 6 - Warranty Terms: Detailed warranty terms and claim procedures

7. Appendix A - Contact Details: Key contact information for both parties including emergency contacts

8. Appendix B - Required Certifications: Copies or lists of required regulatory certifications and compliance documents

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

Retail and Consumer Goods

Manufacturing

Food and Beverage

Electronics and Technology

Automotive Parts

Construction Materials

Textiles and Apparel

Industrial Equipment

Healthcare and Medical Supplies

Chemical Products

Agricultural Products

Home and Garden Products

Relevant Teams

Legal

Procurement

Supply Chain

Operations

Finance

Compliance

Sales

Quality Assurance

Logistics

Commercial Operations

Business Development

Risk Management

Relevant Roles

Procurement Manager

Commercial Director

Supply Chain Manager

Legal Counsel

Contract Manager

Operations Director

Purchasing Officer

Compliance Officer

Sales Director

Business Development Manager

Import/Export Manager

Logistics Manager

Quality Assurance Manager

Finance Director

Commercial Operations 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

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