UAE Commercial Transactions Law

Article 95 — Article (95)

Book Two: Commercial Obligations and Contracts · Part Two: Commercial Sale · Chapter One: General Provisions: Article (93)

Where both contracting parties agree that the sale price shall be at the market rate, then the market price shall be the market price as on the date and place where the contract is concluded, unless otherwise stipulated in the agreement. In case of several market prices, then the average price shall prevail.

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