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What is the legal basis for considering a judicial settlement an enforceable instrument, and what are the procedures followed for its documentation?

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The consideration of a judicial settlement as an enforceable instrument is based on the provisions of the Law, which stipulates that the approved minutes of the session in which the parties agree on a settlement are considered an enforceable instrument, and the lawsuit is thereby concluded. The Law also allows...

The consideration of a judicial settlement as an enforceable instrument is based on the provisions of the Law, which stipulates that the approved minutes of the session in which the parties agree on a settlement are considered an enforceable instrument, and the lawsuit is thereby concluded. The Law also allows the litigants to request the recording of the settlement they agreed upon in the case record and the issuance of a deed to that effect.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

Legal References & Citations

1
نظام المحاكم التجارية - Article 2

دون إخلال بما نصت عليه الأنظمة التجارية والاتفاقيات الدولية التي تكون المملكة طرفاً فيها، تسري أحكام النظام واللائحة على المحكمة والدعاوى التي تختص بنظرها.

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