UAE Commercial Transactions Law

Article 228 — Article (228)

Book Two: Commercial Obligations and Contracts · Part Six: Commercial Agency · Chapter Two: Certain Types of Commercial Agencies: 1- Contract Agency: Article (215) · 2- Commision Agency: Article (227)

1. Where the commission agent sells at a lower price or buys at a higher price than that fixed by the principal, and the latter wishes to refute the transaction, the principal shall notify the agent thereof within one week from the date on which he is informed that said transaction was concluded, otherwise, he shall be considered as having accepted the price. 2. The principal may not reject the transaction if the agent accepts to bear the price difference.

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