The Business Agreement Form serves as a fundamental legal instrument for establishing and governing commercial relationships in the United Arab Emirates. This document is essential for businesses operating in the UAE mainland or free zones, providing a structured framework that ensures compliance with UAE Federal Laws, including the Civil Code (Federal Law No. 5 of 1985) and Commercial Transactions Law (Federal Law No. 18 of 1993). The agreement template is designed to accommodate various business arrangements while incorporating necessary legal safeguards and Sharia-compliant provisions. It is particularly valuable for both UAE-based and international companies seeking to establish clear, enforceable business relationships within the UAE jurisdiction, covering aspects such as service delivery, payment terms, dispute resolution, and regulatory compliance.
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Key Requirements PROMPT example:
Business Agreement Form
"I need a UAE Business Agreement Form for a technology services partnership between my Dubai-based software company and a multinational cloud services provider, including data protection clauses and service level commitments, with the agreement starting from March 1, 2025."
1. Parties: Detailed identification of all contracting parties, including full legal names, registration numbers, and registered addresses as per UAE requirements
2. Background: Recitals explaining the context and purpose of the agreement, including the parties' intentions and business relationship
3. Definitions: Comprehensive definitions of terms used throughout the agreement, including Arabic translations of key terms where necessary
4. Scope of Agreement: Detailed description of the business relationship, services, or goods being exchanged
5. Term and Duration: Period of the agreement, including commencement date and duration, with any renewal provisions
6. Financial Terms: Payment terms, pricing, and financial obligations (structured to be Sharia-compliant)
7. Obligations and Responsibilities: Detailed responsibilities and obligations of each party
8. Representations and Warranties: Standard and specific warranties and representations made by each party
9. Compliance: Obligations to comply with UAE laws, regulations, and relevant free zone requirements
10. Confidentiality: Provisions for protecting confidential information and trade secrets
11. Termination: Grounds and procedures for termination, including notice requirements
12. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law provisions
13. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment rights
1. Force Majeure: Include when parties want specific provisions for unforeseen circumstances preventing performance
2. Intellectual Property: Include when the agreement involves IP rights, licensing, or technology transfer
3. Non-Competition: Include when parties want to restrict competitive activities (subject to UAE competition law)
4. Insurance: Include when specific insurance requirements are necessary for the business relationship
5. Data Protection: Include when personal data processing is involved, particularly for compliance with UAE data protection laws
6. Change Control: Include when the agreement involves services or deliverables that may need modification over time
7. Step-In Rights: Include for critical service agreements where one party needs the right to take over operations
8. Islamic Finance Compliance: Include specific provisions ensuring Sharia compliance for financial arrangements
1. Schedule 1 - Services/Products: Detailed specification of services or products covered by the agreement
2. Schedule 2 - Pricing and Payment Terms: Detailed pricing structures, payment schedules, and financial calculations
3. Schedule 3 - Service Levels: Performance metrics and service level requirements if applicable
4. Schedule 4 - Key Personnel: Details of key personnel responsible for contract implementation
5. Schedule 5 - Technical Requirements: Technical specifications or requirements relevant to the agreement
6. Schedule 6 - Forms and Procedures: Standard forms, procedures, and processes to be followed
7. Appendix A - Required Licenses: Copies or details of required UAE licenses and permits
8. Appendix B - Company Documents: Relevant corporate documents and authorizations
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate and Construction
Technology and Digital Services
Financial Services
Manufacturing
Healthcare
Retail and Consumer Goods
Energy and Utilities
Professional Services
Hospitality and Tourism
Trading and Distribution
Transportation and Logistics
Media and Entertainment
Education
Telecommunications
Relevant Teams
Legal
Business Development
Operations
Finance
Compliance
Risk Management
Corporate Affairs
Commercial Operations
Project Management
Executive Leadership
Procurement
Administration
Relevant Roles
Chief Executive Officer
Managing Director
Legal Counsel
Business Development Manager
Commercial Director
Contracts Manager
Operations Manager
Finance Director
Compliance Officer
Project Manager
General Manager
Chief Operating Officer
Business Unit Head
Corporate Secretary
Risk Manager
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