Upon the expiry of a resolutory term, the obligation shall be extinguished, without such extinguishment having a retroactive effect.
Interpretation and application must be checked against the official text and current version.
TaxUAE Civil Transactions Law
Book One: Obligations · Section Two: Effects of the Obligation · Chapter Three: Attributes of the Obligation · Part Two: The Term
Upon the expiry of a resolutory term, the obligation shall be extinguished, without such extinguishment having a retroactive effect.
Interpretation and application must be checked against the official text and current version.