UAE Commercial Transactions Law

Article 480 — Article (480)

Book Three: Banking Transactions · Part Six: Commercial Transactions of Islamic Financial Institutions · Chapter Two: Special Provisions for Certain Types of Contracts and Obligations to which Islamic Financial Institutions are a Party: Section One: Promise to Contract: Article (475) · Section Two: Installment Sale: Article (476)

The contracting parties may agree to authorize a third party to fix the sold item's price to the best interests of both parties; provided that such price be fixed at the time of signing the contract.

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