Document background
The International Joint Venture Agreement is a crucial document for establishing business partnerships between foreign and UAE-based entities. It is particularly relevant in the context of the UAE's growing economy and its position as a major international business hub. The agreement is designed to comply with UAE Federal Commercial Companies Law, Foreign Direct Investment regulations, and other relevant local legislation. It is commonly used when foreign companies seek to establish a presence in the UAE market through partnership with local entities, or when combining complementary capabilities for specific projects or ongoing business operations. The document typically includes detailed provisions for ownership structure (considering UAE foreign ownership restrictions), governance mechanisms, operational control, profit sharing, technology transfer, and exit provisions. Special attention is given to ensuring compliance with local requirements while protecting the interests of all parties involved.
