Alqanoni

Civil Transactions Law

Art. 97
Status unknownSaudi ArabiaRegulation

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

1. In case of extraordinary events which were unforeseeable at the time of contracting and which make the fulfillment of a contractual obligation Civil Transactions Law excessively onerous on the part of the debtor in such a way that it may cause heavy losses, the debtor may, without undue delay, invite the other party to negotiate. 2. The request for negotiation shall not grant the debtor the right to not perform his contractual obligations. 3. If no agreement is reached within a reasonable period, the court may, after taking into consideration the relevant circumstances and the interests of both parties, reduce the onerous obligation to a reasonable level. 4. Any agreement contrary to the provisions of this Article shall be deemed null and void.

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

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