Civil Transactions Law
Art. 44Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. A deposit paid at the time of concluding a contract shall mean that only the
payer of the deposit has the right to withdraw from the contract and that,
upon his withdrawal, he may not recover the deposited amount, unless
agreed otherwise.
2. If the contracting parties do not set a deadline for withdrawal from the
contract, the court shall set a deadline according to custom and the
circumstances of the contract.
3. If the payer of the deposit remains silent until the expiration of the deadline
or if he fails to perform his obligations prior to such expiration, he shall be
deemed to have withdrawn from the contract.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded