Verified Legal Answer Saudi Law 🇸🇦 العربية

Is the seller of the commercial establishment obligated to settle the financial obligations incurred by it prior to the date of sale?

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Yes, the seller of the commercial establishment is obligated to settle the financial obligations incurred by it prior to the date of sale if the contract or its addendum explicitly stipulates so, unless exempted from these obligations.

Yes, the seller of the commercial establishment is obligated to settle the financial obligations incurred by it prior to the date of sale if the contract or its addendum explicitly stipulates so, unless exempted from these obligations.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

Legal References & Citations

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