Alqanoni

Civil Transactions Law

Art. 315
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

If the contracting parties fail to set a price for the sold item, the sale shall not be nullified if the circumstances indicate that the parties intended to apply the market price or the price applied in the dealings between them.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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