The Commercial Transaction System project aims to address challenges and evaluate opportunities and areas of development in light of leader international experiences. The system comes with provisions regulating the conduct of business, considering that it is focused on business as a matter of professionalism and business as a sole proprietorship. The system also includes provisions specified to the merchant/saleperson of the store, and the provisions related to the merchant's/salesperson's commercial obligations and general obligations. The project is focused on modern technology related to accouting records by allowing documents to be kept electronically instead of keeping their originals, while also deciding for the documents to be authentic means of evidence. Among the most vital features of ths system is the regulation of commericial contracts, through the regulation of commercial sales contracts, the liquations of sales contracts, public auctions, the supply sales contract, the commercial agency contract, the mediation contract, and the commercial representation contract.
Last Modified Date: 29/12/2021 - 8:14 AM Saudi Arabia Time