1. Parties to a commercial sale contract shall specify the following: a. Description of the sold item accurately so as to remove any doubt; b. The sold item price and its payment terms; c. Place and time of delivery; d. Mechanism of sending notices and the elected domicile in this regard; e. Mechanism of dispute resolution; and f. Any other terms and conditions agreed by the parties. 2. Where the two contracting parties fail to fix the price, the sale shall be concluded at the price agreed in their previous dealings, and if there were no previous dealing between them, then at the prevailing price in the market; all this unless it has been revealed from the circumstances the necessity for adopting a different price.
Interpretation and application must be checked against the official text and current version.