Gift deed template

Gift Deed

Contract no.: Contract number

Date: Contract date

Place: City of signing

Parties

First Party (Donor): First party name, national ID / iqama no. First party ID, national address: First party address, e-mail: First party e-mail, mobile: First party mobile.

Second Party (Recipient): Second party name, national ID / iqama no. Second party ID, national address: Second party address, e-mail: Second party e-mail, mobile: Second party mobile.

Article 1: Recitals and definitions

1.1 Whereas the Donor wishes to give the Recipient the property below without return, and the Recipient accepts, the parties agree as follows.

1.2 The recitals and schedules form an integral part of this Contract and are read with it. In a conflict, this Contract prevails, then the schedules in numerical order.

1.3 "Business Day" means any day other than Friday, Saturday and an official holiday in the Kingdom of Saudi Arabia. "Laws" means the laws and regulations in force in the Kingdom.

1.4 This Contract follows Islamic Sharia and the Civil Transactions Law, and is a gratuitous contract.

1.5 Each party confirms that it has legal capacity to contract, that its signatory is authorised, and that entering into this Contract breaches no other obligation binding on it.

Article 2: The gift

| Item | Details |

| --- | --- |

| Description | Gift description |

| No., deed or plate | Gift reference no. |

| Estimated value | Estimated value |

2.1 The Donor confirms that it owns the gift and may dispose of it, free of any right or dispute, except as stated: Rights over the gift.

2.2 The Recipient accepts the gift. If it is a minor, its guardian accepts for it: Guardian name and capacity.

Article 3: Capacity and validity

3.1 The Donor confirms that it is an adult of sound mind acting freely, not in terminal illness or under interdiction, and does not intend to harm its creditors or heirs.

3.2 If the gift is to some of the children, the Donor shall treat them fairly under Sharia rules. A gift made in terminal illness is subject to the rules on that.

3.3 The gift carries no return unless stated: Condition or return, in which case the rules on exchange contracts apply according to the return. No condition may contradict the contract's nature or Sharia.

Article 4: Taking possession and transfer

4.1 A gift of real estate is concluded only when notarised as the Laws require, by transfer before the competent authority. A gift of movable property is concluded by notarisation or by taking possession: the Donor hands over the gift on Delivery date by a report or transfer. Title to a vehicle passes only through traffic.

4.2 Transfer and documentation costs are on: Who pays fees, and any tax or fee is on: Who pays tax, taking into account any exemption of real estate gifts where it applies.

Article 5: Revoking the gift

5.1 A gift binds once concluded. The Donor may revoke it only with the Recipient's agreement or, if the Recipient refuses, by application to the court in the cases set by the Civil Transactions Law: a gift by a parent to a child where revocation is justified, and failure to perform a condition of the gift. The right to revoke ends if either party dies first.

5.2 If the gift is lost or disposed of by the Recipient after possession, the gift is unaffected. The Donor answers for title or defects only where the Donor deliberately hid them or warranted their absence, as in clause 2.1.

Article 6: Rights of creditors and heirs

6.1 This gift is not meant to harm the Donor's creditors, and the Donor confirms that what it keeps covers its debts: Donor's debts. A creditor keeps the rights the Laws give it to challenge a harmful disposal.

6.2 Any debt or fee on the gift stays with the Donor unless the Recipient accepts it in writing, the gift then being limited to the value above it.

6.3 This Contract is no will and no division of an estate, and does not affect the heirs' Sharia rights in anything not taken into possession before death.

Article 7: Representations and warranties

7.1 The Donor and the Recipient each confirm the following at signing, and shall tell the other at once if any of it changes:

• the details and documents it has provided are true and complete on everything affecting the other's decision, and it has hidden nothing it knows to be material.

• no claim, seizure, disposal ban, bankruptcy or legal bar prevents performance of this Contract.

• the source of funds and purpose of contracting are lawful, and this Contract is no cover for any prohibited dealing.

• it holds the licences, approvals and legal capacity needed to sign and perform this Contract, and will keep them valid throughout.

7.2 An untrue material statement is a breach of this Contract, subject to its terms and the Civil Transactions Law; deliberately misleading information is deceit that allows annulment and compensation to be sought.

Article 8: Documents, correspondence and proof

8.1 Each party keeps a copy of this Contract, its schedules, payment receipts and handover reports for at least 5 years after it ends, or any longer statutory period.

8.2 Correspondence through the e-mail or mobile at the head of this Contract, and approved government platforms, is proof where it can be attributed to its sender, under the Electronic Transactions Law and the Evidence Law. Nothing said orally changes this Contract.

8.3 The party receiving money gives a receipt for each sum, stating what it covers. No payment is a final release unless that is stated in writing.

Article 9: Successors and third parties

9.1 This Contract binds the parties and their lawful successors, within the limits of any estate, unless a party's person was central to contracting. On death, the heirs or their representative shall tell the other party within a reasonable time, and rights are settled under Sharia and the Laws.

9.2 This Contract creates no right for anyone other than the parties unless stated. A party's dealing with what is its own does not affect the other's rights here, and nothing can be raised against a third party in good faith who did not know of it until it is documented or registered where that is required.

Article 10: Personal data protection

10.1 The parties shall comply with the Personal Data Protection Law and its regulations. Where the Recipient processes personal data for the Donor, it acts as processor and processes it only on the Donor's written instructions and for the purpose of this Contract.

10.2 The Recipient shall apply suitable security and technical measures, limit access to those who need it, and use a sub-processor only with the Donor's prior written approval and on equivalent terms.

10.3 The Recipient shall notify the Donor of any leak or unauthorised access without delay and within 24 hours of becoming aware, with the information the Donor needs to report to the competent authority within the statutory 72 hours.

10.4 Data leaves the Kingdom only in line with the statutory controls. When the Contract ends, data is returned or securely deleted within 30 days unless a law requires it to be kept.

Article 11: Force majeure and exceptional circumstances

11.1 A party is not liable for delay or failure caused by an event beyond its control that was unforeseeable and unavoidable, provided it notifies the other within 7 days and makes reasonable efforts to limit the effect. Force majeure does not excuse paying what fell due before it occurred.

11.2 Affected obligations are suspended for the duration. If the event lasts more than 60 days, either party may terminate by written notice, with payment for work actually performed.

11.3 If unforeseeable general exceptional circumstances make performance so onerous as to threaten a heavy loss, the affected party may request renegotiation without delay while continuing to perform, as provided by the Civil Transactions Law.

Article 12: General provisions

12.1 Notices are in writing and sent to the addresses at the head of this Contract; the registered e-mail is valid, and a notice counts as received on the next Business Day. Each party shall report any change of address.

12.2 Neither party may assign this Contract or subcontract without the other's prior written approval, and it remains responsible for its subcontractors.

12.3 Delay in using a right does not waive it, and this Contract changes only by a signed written annex. If a provision is void the rest stays in force, unless that provision was the reason for contracting.

12.4 The parties shall comply with the rules against bribery, corruption and money laundering. Neither is the agent, partner or employer of the other, and each bears the obligations of its own staff.

12.5 This Contract may be signed electronically under the Electronic Transactions Law, and electronic signatures and records have their legal force. It is made in two copies, one for each party.

Article 13: Governing law and disputes

13.1 This Contract is governed by the laws of the Kingdom of Saudi Arabia, including the Civil Transactions Law, and in a manner consistent with Islamic Sharia.

13.2 The parties shall try to settle any dispute amicably through their representatives within 30 days of notice, and may then use conciliation through the Taradhi platform.

13.3 If it remains unresolved, it shall be decided by: Forum: the competent courts in the city of ... / arbitration under the rules of the Saudi Center for Commercial Arbitration, seated in .... The parties shall keep performing whatever the dispute does not affect.

13.4 Where made in Arabic and English, the Arabic text prevails in any difference.

Schedules

• Schedule 1: copies of IDs and documents relating to the subject.

Signatures

The parties sign this Contract after reading and accepting all of its terms.

| First Party (Donor) | Second Party (Recipient) |

| --- | --- |

| Name: First party name | Name: Second party name |

| Signature: First party signature | Signature: Second party signature |

| Date: Signing date | Date: Signing date |

| First witness | Second witness |

| --- | --- |

| Name: First witness name | Name: Second witness name |

| ID: First witness ID | ID: Second witness ID |

| Signature: First witness signature | Signature: Second witness signature |