The Saudi Bar Association and Elm, the leading digital solutions provider, have launched their first initiatives to enhance the business environment through a set of digital solutions and platforms that aim to document and manage contractors' obligations, promissory notes services which guarantee the rights of all parties and contribute to reducing the cost of document preservation, increasing the quality of contracts and obligations management which goes in line with the requirements of the business environment and enhances contract procedures and its quality.
During the ceremony that was held at the headquarters of Elm in Riyadh, the Secretary General of the Saudi Bar Association Baker Abdullatif Alhabob, and the CEO of Elm Dr. Abdulrahman Aljadhai signed the agreement that aims at the development and operation of the Business Consultant platform.
Dr. Aljadhai expressed his thanks to the coordinating team of the two parties, which has worked over the past months to develop the business model and complete the feasibility studies as a framework partnership agreement. He also expressed Elm aim in achieving the requirements of strategic investment in the juridical sector. Also, he said that this agreement is in line with the company's strategy of providing outstanding services that consolidate the company's position and its leading role in providing innovative digital solutions and services to different sectors which meets the needs of Vision 2030.
For his part, Secretary General Baker Alhabob revealed a set of digital solutions that will address the need of finding a reliable intermediary for transactions, through legal guarantees which will help avoid disputes over contracts validity, taking advantage of the digital transformation and commitment documents. Also, these solutions will facilitate the business in all areas, reduce the costs and provide consulting opportunities that will be restricted to licensed lawyers. Also, they will provide authentication services of certifying lawyers signature, both in their letters or the letters of the commercial establishments that need their contracting procedures to be documented by lawyers through verifying the identity of the signatories and the authority to represent the concerned person.