> ## Documentation Index
> Fetch the complete documentation index at: https://docs.mumtalakat.sa/llms.txt
> Use this file to discover all available pages before exploring further.

# Contract Signing, Payment, and Handover on Mumtalakat

> Sign the contract, transfer payment by bank, and complete a formal handover to close your business acquisition on Mumtalakat.

Once you confirm your accepted offer, the transaction enters its final and most critical phase. Mumtalakat guides both parties through a structured sequence — contract drafting, dual-party signing, off-platform bank payment with documented proof, and a formal handover — so nothing is left to chance before the deal officially closes.

## Creating the Contract (Preparing Stage)

After you confirm the accepted offer within the 7-day window, the contract enters the **Preparing** stage. Mumtalakat automatically generates a draft contract populated with the agreed terms — no manual drafting is required from either party. Once the draft is ready, it moves to the Signing stage.

<Note>
  Review the auto-generated draft carefully before signing. If you notice any discrepancy with the agreed terms, contact the owner through the platform conversation thread to resolve it before proceeding.
</Note>

## Signing the Contract

The contract signing follows a fixed order to protect both parties and ensure legal clarity.

<Note>
  **The owner signs first, then you sign.** You will not be able to sign until the owner has completed their signature. This sequence is enforced by the platform.
</Note>

<Steps>
  <Step title="Owner Signs">
    The owner receives a signing request and completes their signature — either electronically within the platform or by uploading a signed PDF copy of the contract.
  </Step>

  <Step title="You Sign">
    Once the owner's signature is recorded, you receive a notification to sign. You may sign electronically in-platform or upload a signed PDF copy.
  </Step>

  <Step title="Fully Executed Contract">
    With both signatures in place, the contract is fully executed and the payment stage begins automatically.
  </Step>
</Steps>

<Tip>
  Electronic signing is faster and keeps everything in one place. Use the PDF upload option only if your circumstances require a wet signature.
</Tip>

## Payment (Off-Platform)

Payment for business acquisitions on Mumtalakat takes place **directly between buyer and seller via bank transfer** — the platform does not hold, escrow, or process funds. Mumtalakat's role is to document each step and keep a transparent record for both parties.

<Warning>
  Payment happens **by bank, directly between the two parties**, entirely off-platform. Mumtalakat documents the process but **never holds or intermediates funds**. Always verify the bank details with the owner through the platform before initiating any transfer.
</Warning>

<Steps>
  <Step title="Receive Bank Details">
    After both parties have signed and the payment stage is active, the owner shares their bank account details through the platform. You will receive a notification when the details are available.
  </Step>

  <Step title="Transfer and Upload Proof">
    Transfer the agreed amount to the owner's bank account. Once the transfer is complete, upload your **payment proof** (e.g., bank transfer receipt or SWIFT confirmation) directly on the platform.
  </Step>

  <Step title="Owner Confirms Receipt">
    The owner reviews the payment proof and confirms receipt of the full amount on the platform. This confirmation unlocks the handover stage.
  </Step>
</Steps>

## Handover and Closing

With payment confirmed, the deal moves to formal handover. This is the moment ownership transitions from seller to buyer.

<Steps>
  <Step title="Owner Uploads Delivery Document">
    The owner uploads the **delivery document** — a formal record that the business, assets, and associated materials have been handed over to you.
  </Step>

  <Step title="Raise a Dispute (If Needed)">
    If you encounter any problem with what has been delivered — missing assets, unmet conditions, or discrepancies — you can raise a **dispute** through the platform **before** confirming receipt. Do not confirm receipt if the handover is incomplete.
  </Step>

  <Step title="Confirm Receipt">
    Once you are satisfied that everything is in order, confirm **receipt** on the platform. This action officially **closes the deal**.
  </Step>
</Steps>

<Warning>
  Confirming receipt is final. Once you confirm, the deal is closed and the platform treats the transaction as complete. Only confirm when you are fully satisfied with the handover.
</Warning>

## After Closing

The transaction is complete, but your records remain accessible in your account for future reference.

<CardGroup cols={3}>
  <Card title="Signed Contract" icon="file-contract">
    A permanent copy of the fully executed contract is stored in your account and available to download at any time.
  </Card>

  <Card title="Transaction Documents" icon="folder-open">
    All uploaded documents — payment proof, delivery document, and NDA — are archived in the deal record on your account.
  </Card>

  <Card title="Support" icon="headset">
    If you have any post-closing questions, reach [Mumtalakat Support](https://app.mumtalakat.sa/project/support) directly from the deal page.
  </Card>
</CardGroup>

<Tip>
  Download and securely store your signed contract immediately after closing. Even though Mumtalakat keeps a copy, having your own local backup is good practice for any business acquisition.
</Tip>