Civil Transactions Law
Art. 314Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If the contracting parties agree to determine the sale price based on the market
price, the market price shall be determined according to the time and place of
sale. If no market exists at the place of sale, reference shall be made to the
place where the prices of its market are deemed applicable according to
custom.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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