Document background
The Joint Venture And Shareholders Agreement is a crucial document for businesses establishing joint operations in the United Arab Emirates. It is particularly relevant in the context of the UAE's evolving business landscape, which now permits 100% foreign ownership in many sectors while still maintaining specific requirements for certain regulated activities. This agreement is essential when two or more parties wish to collaborate in a business venture while clearly defining their rights, obligations, and operational framework. The document encompasses corporate governance structures, capital contributions, profit sharing mechanisms, management rights, transfer restrictions, and exit provisions, all while ensuring compliance with UAE federal laws, including the Commercial Companies Law and relevant free zone regulations where applicable. It serves as both a joint venture agreement establishing the collaboration and a shareholders agreement governing the ongoing relationship between the parties.
