UAE Civil Transactions Law

Article 456

Book Two: Nominate Contracts · Section One: Contracts of Transfer of Ownership · Chapter One: Contract of Sale · Part One: Definition and Elements of the Contract of Sale

The price is what the contracting parties have agreed upon in exchange for the subject matter of the sale, whether it exceeds or is less than its value. The value is the objective worth of the thing, assessed without increase or decrease.

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