Licence Agreement Property Template for United Arab Emirates

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Key Requirements PROMPT example:

Licence Agreement Property

I need a Licence Agreement Property for a retail space in Dubai Mall, where my company will operate a luxury clothing store starting March 1, 2025, with specific requirements for store fit-out and operating hours during Ramadan.

Document background
The Licence Agreement Property is a crucial document in UAE real estate transactions, used when a property owner wishes to grant specific usage rights without transferring ownership or creating a traditional lease arrangement. This agreement type is particularly relevant in the UAE market where property licensing arrangements are common in commercial, retail, and mixed-use developments. The document must comply with UAE Civil Code requirements, relevant emirate-specific property laws, and local licensing regulations. It typically includes detailed provisions on permitted use, duration, fee structures, maintenance responsibilities, and regulatory compliance requirements. The agreement is especially important in UAE free zones and commercial districts where specific licensing arrangements are common practice.
Suggested Sections

1. Parties: Identification of the Licensor and Licensee with full legal names and addresses as per UAE requirements

2. Background: Context of the agreement, property details, and confirmation of Licensor's ownership rights

3. Definitions: Key terms including Property, Licensed Areas, Permitted Use, License Fee, and Term

4. Grant of License: Scope of the license, specific rights granted, and any restrictions

5. Term and Renewal: Duration of the license and any renewal provisions

6. License Fee and Payment Terms: Fee structure, payment schedule, and method of payment

7. Use of Property: Permitted uses, restrictions, and compliance requirements

8. Licensee Obligations: Maintenance, utilities, conduct, and compliance responsibilities

9. Licensor Obligations: Access, maintenance of common areas, and other licensor responsibilities

10. Insurance and Liability: Required insurance coverage and allocation of risks

11. Default and Termination: Events of default, remedies, and termination procedures

12. Handover and Return: Condition requirements for property return upon termination

13. Governing Law and Jurisdiction: UAE law application and jurisdiction provisions

14. Notices: Communication procedures and contact details

15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

Optional Sections

1. Fit-Out Works: Include when licensee is permitted to make modifications to the property

2. Security Deposit: Include when a security deposit is required

3. Service Charges: Include for properties in managed developments with common facilities

4. Sublicensing Rights: Include if sublicensing is permitted (rare in UAE)

5. Operating Hours: Include for commercial properties with specific operating restrictions

6. Environmental Compliance: Include for industrial or specialized commercial properties

7. Competition Restrictions: Include when there are territorial or business restrictions

8. Force Majeure: Include specific UAE force majeure provisions if required

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including plans and photographs

2. Schedule 2 - Licensed Areas: Specific areas covered by the license, including any common areas

3. Schedule 3 - License Fee Schedule: Detailed breakdown of fees, payment dates, and escalation provisions

4. Schedule 4 - Permitted Use: Detailed description of allowed activities and any restrictions

5. Schedule 5 - Fit-Out Specifications: Technical requirements for any permitted modifications

6. Schedule 6 - Service Levels: Details of any services provided by the licensor

7. Schedule 7 - Building Rules: Specific rules and regulations for the property

8. Appendix A - Required Licenses: List of mandatory licenses and permits required

9. Appendix B - Insurance Requirements: Detailed insurance specifications and minimum coverage

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Real Estate

Retail

Hospitality

Commercial Office Space

Industrial

Healthcare

Education

Entertainment

Logistics

Manufacturing

Food & Beverage

Professional Services

Relevant Teams

Legal

Real Estate

Operations

Facilities Management

Commercial

Compliance

Finance

Risk Management

Business Development

Property Services

Asset Management

Contract Administration

Relevant Roles

Property Manager

Real Estate Director

Legal Counsel

Facilities Manager

Commercial Director

Operations Manager

Asset Manager

Compliance Officer

Business Development Manager

Contract Administrator

Real Estate Investment Manager

Property Services Director

Leasing Manager

Risk Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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