Civil Transactions Law in Saudi Arabia
Why Attend
The Kingdom of Saudi Arabia has recently introduced its first-ever Civil Transactions Law, marking a significant development in the legal landscape. This new law includes essential characteristics and elements that are crucial for lawyers, legal advisors, contract specialists, senior management, and CEOs to understand in order to develop effective business and legal strategies within the Saudi market.
The "Civil Transactions Law in Saudi Arabia" course provides comprehensive coverage of the law's key areas, including individuals' legal status, various types of rights (financial and personal), contract formation, injurious acts, and the general rules established by the legislation.
Participants will deepen their understanding of these core concepts and develop strategic approaches to enhance business management, minimize legal risks, promote a positive work environment, and achieve significant legal and financial success within the Saudi market.
Overview
Course Methodology
The course consists of group discussions as well as individual and team tasks.
Course Objectives
By the end of the course, participants will be able to:
- Understand the core concepts of the Saudi Civil Transactions Law
- List the main elements contained within the Saudi Civil Transactions Law
- Apply best practice in contract structuring, formation and termination in KSA
- Identify the types of rights under the Saudi Civil Transactions Law
- Demonstrate the concepts of personal rights formation and termination
- Examine the concepts of injurious acts and compensation under Saudi Labor Law
Target Audience
This course is suitable for lawyers, legal consultants, contracts specialists, company managers and senior officials, purchasing managers, legal translators and any other person who works with contracts and/or civil transactions law within their organization.
Target Competencies
- Knowledge of Saudi Civil Transactions Law
- Contract Drafting Skills
- Contractual Balance Expertise
- Risk Mitigation in Financial Transactions
- Organizational Contribution
- Strategy Implementation
Course Outline
- General Principles of Saudi Civil Transactions Law
- Definition of the Civil Transactions Law
- Features of the Civil Transactions Law
- Civil Transactions Law and previous practices in the Saudi legal system
- Sources of the Civil Transactions Law
- Civil Transactions Law rules: mandatory or complementary?
- Scope of the Saudi Civil Transactions Law
- Natural and artificial persons
- Financial rights and obligations under the Saudi Civil Transactions Law
- Types of Rights under the Saudi Civil Transactions Law
- Definition of rights
- Overview of the various types of rights under Saudi law
- Real rights: general principles
- Types of real rights
- Personal rights: general principles
- Types of personal rights
- Moral rights
- Types of moral rights
- Contract Formation under Saudi Civil Transactions Law
- Definition of a contract under Saudi law
- Key elements of contracts under Saudi law
- Hierarchy of contracts under Saudi law
- Types of contracts under Saudi law
- Legal and economic balance in contracts
- Basic principles of contract drafting
- The importance of collaboration in contract drafting
- How to successfully structure a contract
- Contract Termination under the Saudi Legal System
- The meaning of contract termination under Saudi law
- Overview of various mechanisms for terminating a contract
- Void contracts
- Voidable contracts
- Contract rescission
- Termination by mutual consent
- Force majeure
- Legal consequences of terminating contracts
- Injurious Acts under Saudi Civil Transactions Law
- Definition of injurious acts
- Elements of injurious acts
- Types of injurious acts
- Direct acts causing injury
- Consequential acts causing injury
- Legal protection against injurious acts in Saudi Arabia
- Damages and compensation under Saudi law
- Other legal and judicial measures for protection under Saudi law
Schedule & Fees
Course Contact
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