Effective from May 22 2023 - May 21 2023 To view other versions open the versions tab on the right
The entity shall draw up a contract between the entity and the consumer in accordance with the relevant legal requirements. Each party shall receive a copy of the contract that must clarify, at least, the following:
9.1
Contract parties.
9.2
Contract scope.
9.3
Contract term.
9.4
Desired type of finance, its duration, specifications — if any — and requirements.
9.5
Rights and obligations of the contract parties.
9.6
Pricing and fee structure.
9.7
Withdrawal procedures and conditions.
9.8
Dispute resolution mechanism.
9.9
Contract termination and expiration.
9.10
Any other data or information required by SAMA.
Book traversal links for 9. Contract Signed Between Entity and Consumer