Kuwait Court of Cassation principle number 2696

The price is an essential element of a sale. It must be determined or determinable for the sale to be concluded. It is sufficient to state suitable bases for its assessment, or to make it determinable by stating them, or to authorize a third party to determine it. Absence thereof. Its effect. Nullity of the sale. The condition therefor: that neither the agreement nor the circumstances disclose the contracting parties' intention to transact at the price current between them or at the market price. Article 459 of the Civil Code.