Breach of Contract in the UAE - A guide to know the period for an unlimited contract
An unlimited contract contains a commencement date but no end date. They are considered more adaptable and user-friendly than limited-term contracts. For this reason, it is widely used for employment, sale, and purchase of real estate, commercial transactions, construction, lease, and more. The contract binds the parties to perform contractual obligations, but any failure to adhere to these commitments is considered as Breach of Contract. The laws and regulations developed for Breach of Contract UAE are critical and straightforward. With the ongoing economic developments in the UAE, many disputes have stemmed out of contracts. To claim losses incurred under a breach of contract in the UAE, you should know about the lawful limitation periods. These limitation periods are intended as a general guide only and discussed in detail as follows. Limitation period A limitation period is when a party has to file a claim or take any legal action. However, the specific limitations of tim