Co Ownership Business Agreement Template for United Arab Emirates

1. Non-Compete and Non-Solicitation: Restrictions on competing businesses and soliciting employees or customers, included when owners have other business interests

2. Intellectual Property Rights: Ownership and use of intellectual property, included when the business involves significant IP assets

3. Insurance: Requirements for business insurance coverage, included when specific insurance needs exist

4. Employment of Owners: Terms for owners working in the business, included when owners will take active operational roles

5. Additional Capital Contributions: Procedures for requesting and making additional capital contributions, included when future capital needs are anticipated

6. Tag-Along and Drag-Along Rights: Rights related to sale of ownership stakes, included when future sale possibilities are considered

7. Religious or Cultural Considerations: Specific provisions relating to Sharia compliance or cultural practices, included when relevant to the parties

1. Schedule 1: Business Plan: Detailed business plan including market analysis, financial projections, and strategic objectives

2. Schedule 2: Initial Capital Contributions: Detailed breakdown of each owner's initial capital contributions, whether monetary or in-kind

3. Schedule 3: Assets Register: List of all assets owned by the business at commencement

4. Schedule 4: Shareholders' Contact Information: Detailed contact information and addresses for service of notices

5. Schedule 5: Management Structure: Organizational chart and detailed management responsibilities

6. Schedule 6: Reserved Matters: List of decisions requiring special majority or unanimous consent

7. Appendix A: Trade License: Copy of the business trade license and other regulatory permits

8. Appendix B: Valuation Methodology: Agreed methodology for valuing ownership interests