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Is it required to provide proof of full payment of the agreed capital contribution to establish the existence of a partnership, in the event an investment license has been issued by the competent authorities specifying the partnership percentages?

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It is not a prerequisite to provide proof of full payment of the agreed capital contribution to establish the existence of a partnership, provided that an investment license issued by the competent authorities clearly defines the partnership percentages between the parties, as this license is considered sufficient evidence of the...

It is not a prerequisite to provide proof of full payment of the agreed capital contribution to establish the existence of a partnership, provided that an investment license issued by the competent authorities clearly defines the partnership percentages between the parties, as this license is considered sufficient evidence of the agreement to form the partnership.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

Legal References & Citations

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مبدأ قضائي - Article مبدأ

قرار الاستثمار رقم 124074308135106 الصادر بتاريخ 14/3/2022 بالموافقة على الترخيص لشركة تاج الأحلام للأثاث بشراكة المدعي والمدعى عليها.

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