Best Contract Lawyers in Tit Mellil
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List of the best lawyers in Tit Mellil, Morocco
Morocco Contract Legal Questions answered by Lawyers
Browse our 1 legal question about Contract in Morocco and read the lawyer answers, or ask your own questions for free.
- Is a penalty clause specifying payment in Euros legal between two Moroccan entities under local contract law?
- I signed a contract with a local agency in Marrakech for IT services, but they specified prices and late fees in Euros rather than Moroccan Dirhams. Now they are threatening legal action for breach and demanding heavy penalties based on foreign exchange rates. Does Moroccan contract law enforce foreign currency... Read more →
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Lawyer answer by AKT ADVISOR LLP
Since the Moroccan dirham is the only legal tender in Morocco, the applicable rule is the distinction between currency of account and currency of payment. A penalty clause denominated in euros between two Moroccan resident companies is not void, but...
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