Civil Transactions Law
Art. 350Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If a deadline for payment is set in the sale contract and the seller stipulates
termination of the sale upon the buyer’s failure to meet such deadline and the
buyer fails to do so, the sale shall be deemed terminated if the seller so elects
without the need for notification, unless agreed otherwise.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded