Document background
The Agreement Between Two Persons For Money is a formal contract designed for use in the United Arab Emirates when two individuals need to document a monetary arrangement. This document is essential when private individuals engage in financial transactions, whether for personal, investment, or business purposes. It ensures compliance with UAE laws, including the Civil Code (Federal Law No. 5 of 1985) and relevant Sharia principles regarding financial dealings. The agreement covers crucial elements such as the principal amount, payment terms, repayment schedule, and consequences of default, while incorporating necessary provisions to make it enforceable under UAE law. It's particularly useful for personal loans, investment arrangements, or other monetary transactions where formal documentation is required to protect both parties' interests.
