UAE Civil Transactions Law

Article 196

Book One: Obligations · Section One: Sources of Obligation · Chapter One: The Contract · Part Four: Pillars, Validity, Options, and Types of a Contract · 1. Option of Stipulation

If an option is stipulated for both contracting parties in financial commutative contracts, neither of the two counter-performances shall pass out of the ownership. Where the option is stipulated for one of them, their property shall not pass out of their ownership, nor shall the property of the other enter into their ownership.

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