“The Law establishes a general, comprehensive civil law framework for the Kingdom for the first time. It sets out clear guidelines for contracts including on what basis they will be considered valid or legally enforceable, how they will be executed, and how they will be terminated. The Law also lays out various contractual rights and obligations and covers several types of contracts such as sales, lease, agency, and construction contracts” ASG Analysis: Saudi Arabia Enacts the Civil Transactions Law [Albright Stonebridge Group]