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الوطن
Seller-Funded Replacement
The Commercial Transactions Law allows the buyer, after formally notifying the seller and granting a reasonable period for delivery, to apply for court authorization to purchase an equivalent substitute at the seller’s expense and claim the difference in price. If the goods have a market price, the buyer may claim the price difference as of the delivery date even without purchasing a substitute. The buyer may also seek rescission of the contract and compensation where grounds exist. The Law takes effect 180 days after its publication in the Official Gazette.
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