When is the non-compliance by one of the parties to the contract with transferring the agreed-upon legal entity, or disposing of financial proceeds in a manner contrary to the agreement, considered a material breach that justifies the termination of the contract?
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Radiif AI Legal Assistant
⚡ Quick Answer:
Non-compliance with transferring the agreed-upon legal entity or disposing of financial proceeds in a manner contrary to the agreement is considered a material breach that justifies the termination of the contract if this obligation was an essential condition of the contract or resulted in harm to the other party.
Legal References & Citations
العقد المبرم بين الطرفين (بشأن شروط تحويل المؤسسة إلى شركة)
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