Document background
The Founders Collaboration Agreement is a critical document used when two or more parties come together to establish a business venture in the United Arab Emirates. This agreement serves as the cornerstone of the founding relationship, detailing how the business will be operated, funded, and managed. It is particularly important in the UAE context, where business structures must comply with specific local regulations, including the UAE Commercial Companies Law and, where applicable, Free Zone regulations. The document typically includes detailed provisions on capital contributions, profit sharing, management responsibilities, intellectual property rights, and dispute resolution mechanisms. A well-drafted Founders Collaboration Agreement is essential for protecting all parties' interests and ensuring smooth business operations in accordance with UAE law.
