المدونة

First of all, the concept of a company is that it is an agreement whereby two or more parties undertake to contribute to a project, whether by providing a share of money or work, with the aim of participating in the profit or loss that arises from this project. As for the partnership contract, it is a contract that obligates two or more parties to participate in a project. By providing a share of the money or work, and sharing the profit or loss arising from the project, the company is considered a legal person once it is formed.

The Kingdom of Saudi Arabia is working to lead the first centers in the investment field in the Middle East, especially among the Arab Gulf countries, and it is also working to be the main destination for investment and attracting investors.

The whole world is now moving to keep pace with technological changes and modern technology developments, which included all sectors and fields of daily life, and the Kingdom of Saudi Arabia is one of the Arab countries with the greatest interest in keeping pace with these modern technological developments.

Privatization is known as the transfer of government property and the services and business it provides to the private sector in whole or in part, in this case the government does not own the entity that has been privatized, and the main objective of this is to enhance the efficiency of the products or services provided.

The process of creating a contract between the company and any party requires an audited and correct management process. Therefore, the contract management department in companies is considered one of the most important departments in terms of directing all operations related to contracts entered into by the company or concluded by other parties with the company.

It should also be noted that proper drafting of contracts is the main guarantor for not squandering or losing rights, and due to global, commercial and economic changes, many, many types of contracts have been developed besides what was in effect in the past until our time, and those developments and innovations necessitated an important necessity, which is knowledge of all types of these. Contracts, their conditions, elements, and how to draft them, where the role of a lawyer specializing in contracts comes here, which is one of the most important roles that are specifically used when writing and drafting contracts, as the contract lawyer is unique in what he has experience in how to prepare and draft contracts in the Kingdom of Saudi Arabia

The system of government competitions and procurement in the Kingdom of Saudi Arabia is considered one of the important systems in relation to the procurement and works needed by the authorities, as these purchases and works are obtained through an agreement concluded between one or more government agencies and one or more suppliers, contractors or contractors, and this on the one hand In addition, the Government Tenders and Procurement Law and its implementing regulations, in addition to its work on regulating procedures related to business and procurement, works to prevent the abuse of influence and the impact of personal interests in it, in order to protect public money.

A contract in its general sense is an agreement between two or more parties that includes the exchange of something of value, and the contract may be verbal or written, but it must include specific clauses, in order to be enforceable, and if you are in the process of establishing a successful business, then the commercial contracts that you conclude are tantamount to Valid and enforceable formal business agreements To protect your rights, let's take a closer look in the following paragraphs on the most important considerations in drafting commercial contracts.

Some projects that are established on the territory of the Kingdom of Saudi Arabia may suffer from financing problems at the beginning, as the founders of these projects seek any means that can relieve them of the burdens of those financing problems, and here came the role of financial leasing in Saudi Arabia, where the Kingdom came with this effective legislative tool to ensure The most important part of the financing project in general

The real estate brokerage activity in Saudi Arabia is one of the most related activities to real estate, and this is because whether the real estate is land or building, they are offered to conduct sales, purchase, leasing and other services under both sides of the supply and demand market, which can be carried out through the real estate brokerage profession

One of the most important objectives of the Saudi franchise system is to encourage commercial franchising activities in the Kingdom by setting a regulatory framework that regulates the relationship between the franchisor and the franchisor. related to franchise opportunities

The contract is one of the most important sources of voluntary obligations, and it is defined as “an agreement between two or more persons to establish, modify or terminate a legal bond.” God Almighty has commanded the respect of contracts and the necessity of their fulfillment, as stated in the text of the verse “O you who believe, fulfill contracts” and these contracts Either they are civil, administrative or commercial contracts, and we will talk in this article about what commercial contracts are, their conditions and the most important types in the Saudi system, so follow us.