Business Co Ownership Agreement Template for United Arab Emirates

1. Non-Compete Provisions: Restrictions on owners engaging in competing businesses

2. Intellectual Property Rights: Ownership and use of IP when relevant to the business

3. Insurance Requirements: Mandatory insurance coverage for business protection

4. Employee Matters: Policies regarding hiring, firing, and management of employees

5. Related Party Transactions: Rules for business dealings with related parties or entities

6. Force Majeure: Provisions for unforeseen circumstances affecting business operations

7. Environmental Compliance: Environmental obligations if relevant to the business

8. Shariah Compliance: Islamic law compliance provisions if required by the parties

9. Local Partner Provisions: Specific provisions if local ownership requirements apply

1. Schedule 1: Business Plan: Detailed business plan including objectives and strategies

2. Schedule 2: Initial Capital Contributions: Itemized list of initial capital contributions from each owner

3. Schedule 3: Asset Register: List of business assets and their ownership status

4. Schedule 4: Management Structure: Detailed organizational chart and management responsibilities

5. Schedule 5: Financial Procedures: Detailed procedures for financial management and reporting

6. Schedule 6: Valuation Method: Agreed method for business valuation in case of exit or transfer

7. Appendix A: Trade License: Copy of business trade license and registrations

8. Appendix B: Power of Attorney: Any required power of attorney documents

9. Appendix C: Shareholders' Particulars: Detailed information about each owner including contact details