Introduction Civil Transactions Law of Saudi Arabia that has codified the principles and rules covering civil transactions will come into force on 21 December, 2023. This note summarizes and comments on major provisions related to formation, validity and termination of contracts. Pillars of Contract Firstly, the Civil Transactions Law reiterates the pillars of contract, the essential components without which no contract can be considered as legally valid, enforceable and invokable. The Law prescribes in detail the conditions related to offer and acceptance. One of the main requirements for offer and acceptance to be valid is consent by persons having legal capacity to enter into contract and such intent is to be explicitly expressed[1].  While expression of intent could be verbal