Verified Legal Answer Saudi Law 🇸🇦 العربية

Does the transfer of company ownership affect its prior contractual obligations?

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The transfer of company ownership does not affect its prior contractual obligations, and the company remains bound to fulfill the contracts concluded before the ownership transfer.

The transfer of company ownership does not affect its prior contractual obligations, and the company remains bound to fulfill the contracts concluded before the ownership transfer.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

Legal References & Citations

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Saudi Law - Article

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Saudi Law - Article

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