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Articles Of Incorporation For Partnership

Articles Of Incorporation For Partnership Template for United Arab Emirates

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Articles Of Incorporation For Partnership

"I need Articles of Incorporation for Partnership for a professional services consulting firm in Dubai, with three equal partners (two UAE nationals and one British national), starting operations in March 2025, with specific provisions for profit sharing and management responsibilities."

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Document background
Articles of Incorporation for Partnership is a mandatory legal document required when establishing a partnership business in the United Arab Emirates. This document must comply with UAE Commercial Companies Law (Federal Law No. 2 of 2015) and related regulations, making it essential for businesses seeking to operate as partnerships in the UAE. It contains crucial information about the partnership structure, including partner details, capital contributions, profit-sharing arrangements, management responsibilities, and operational procedures. The document needs to be filed with relevant authorities such as the Department of Economic Development and must be notarized according to UAE requirements. It serves as the foundation for the partnership's legal existence and governs all aspects of partner relationships and business operations throughout the partnership's lifetime.
Suggested Sections

1. Parties: Identification and details of all founding partners, including full legal names, nationalities, and addresses

2. Background: Context of the partnership formation and partners' intention to establish the partnership

3. Definitions: Definitions of key terms used throughout the document

4. Partnership Name and Type: Official name of the partnership and specification of partnership type (general/limited)

5. Business Purpose: Detailed description of the partnership's business activities and objectives

6. Principal Place of Business: Official address and location of the partnership's main office

7. Term of Partnership: Duration of the partnership and conditions for renewal

8. Capital Contribution: Details of initial capital contributions from each partner and terms for additional contributions

9. Profit and Loss Distribution: Formula and procedures for distributing profits and losses among partners

10. Management and Control: Management structure, partner authorities, and decision-making procedures

11. Partner Rights and Obligations: Detailed rights and responsibilities of each partner

12. Transfer of Partnership Interest: Rules and procedures for transferring partnership interests

13. Dissolution and Liquidation: Circumstances and procedures for partnership dissolution and asset distribution

14. Books and Records: Requirements for maintaining partnership records and financial accounts

15. Notices: Procedures for giving formal notices between partners and to/from the partnership

16. Governing Law: Specification of UAE law as governing law and relevant jurisdictional details

Optional Sections

1. Non-Competition: Restrictions on partners' involvement in competing businesses, used when partners agree to such restrictions

2. Intellectual Property Rights: Provisions regarding ownership and use of IP, included when the partnership involves significant IP assets

3. Branch Offices: Provisions for establishing and managing branch offices, included when multiple locations are planned

4. Islamic Finance Compliance: Special provisions ensuring Shariah compliance, included for Islamic partnerships

5. Dispute Resolution: Specific procedures for resolving disputes, included when partners want detailed conflict resolution mechanisms

6. Force Majeure: Provisions for unforeseen circumstances, included when partners want specific protections

7. Partner Death or Incapacity: Specific provisions for handling partner death or incapacity, included for family businesses or when specifically requested

Suggested Schedules

1. Schedule 1 - Partner Details: Detailed information about each partner, including contact details and identification documents

2. Schedule 2 - Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuations of non-cash contributions

3. Schedule 3 - Profit Sharing Ratios: Detailed formulas and examples of profit and loss distribution calculations

4. Schedule 4 - Business Plan: Initial business plan and operational strategy

5. Schedule 5 - Management Structure: Detailed organizational chart and management responsibilities

6. Appendix A - Required Licenses: List of required licenses and permits for the partnership's operations

7. Appendix B - Partner Resolutions: Initial partner resolutions and key decisions made during formation

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Applicable Law
Articles
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commercial License
Confidential Information
Control
Department of Economic Development
Effective Date
Financial Year
General Partner
Governing Law
Initial Capital
Intellectual Property Rights
Limited Partner
Management Committee
Managing Partner
Material Change
Ministry
Partner
Partnership
Partnership Interest
Principal Place of Business
Profit and Loss
Quarter
Registered Office
Registration
Related Party
Resolution
Share
Territory
Transfer
UAE
Working Capital
Clauses
Formation and Registration
Partnership Structure
Capital Contribution
Partner Rights and Obligations
Management and Control
Profit and Loss Distribution
Decision Making
Transfer of Interest
Partner Admission
Partner Withdrawal
Partner Exclusion
Partnership Meetings
Voting Rights
Financial Matters
Books and Records
Confidentiality
Non-Competition
Intellectual Property
Dispute Resolution
Termination
Dissolution
Notice Requirements
Force Majeure
Governing Law
Amendment Procedures
Compliance
Bank Accounts
Partner Death or Incapacity
Business Activities
Term and Renewal
Relevant Industries

Professional Services

Trading

Real Estate

Construction

Retail

Manufacturing

Technology

Consulting

Healthcare

Education

Hospitality

Financial Services

Agriculture

Transport and Logistics

Relevant Teams

Legal

Compliance

Corporate Governance

Finance

Operations

Risk Management

Executive Leadership

Business Development

Administration

Partner Relations

Relevant Roles

Chief Executive Officer

Managing Partner

Legal Counsel

Corporate Lawyer

Business Development Manager

Company Secretary

Compliance Officer

Chief Financial Officer

Partner Relations Manager

Operations Director

Risk Manager

General Counsel

Managing Director

Business Owner

Entrepreneur

Industries
UAE Commercial Companies Law (Federal Law No. 2 of 2015): The primary legislation governing company formation and operations in the UAE, including specific provisions for partnerships, their establishment, registration requirements, and governance
UAE Civil Transactions Law (Federal Law No. 5 of 1985): Governs civil transactions and contracts, including general principles of contract formation and partner relationships in a partnership context
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Regulates commercial activities and transactions, including provisions relevant to commercial partnerships and their business operations
UAE Federal Law No. 4 of 2013: Regulates the notary public profession in the UAE, relevant for authentication of partnership documents
Department of Economic Development Regulations: Local regulations governing business licensing and registration requirements for partnerships in respective emirates
UAE Federal Law No. 2 of 2014: Concerning Small and Medium-sized Enterprises, which may be relevant depending on the partnership's size and scope
UAE Federal Law No. 4 of 2012: Competition Law that may affect partnership operations and market practices
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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