Mandate And Fee Agreement Template for United Arab Emirates

The Mandate and Fee Agreement is a crucial document in UAE business operations, used when establishing formal relationships between service providers/agents and their principals. This agreement type is particularly relevant in the UAE market where business relationships often require clear documentation of authority, responsibilities, and commercial terms. The document addresses key aspects required under UAE law, including scope of mandate, fee structures, payment terms, and service levels. It's essential for compliance with UAE Civil Code and Commercial Code requirements, particularly regarding agency relationships and commercial arrangements. The agreement is commonly used for professional services, consulting arrangements, commercial agency relationships, and other business services where one party acts for or provides services to another for a fee.

1. Parties: Identification of the principal and agent/service provider, including full legal names, addresses, and registration details

2. Background: Context of the agreement, relationship between parties, and purpose of the mandate

3. Definitions: Key terms used throughout the agreement, ensuring clarity and consistent interpretation

4. Appointment and Scope: Clear statement of appointment and detailed scope of the mandate/services to be provided

5. Duration and Term: Period of the mandate, including commencement date and termination provisions

6. Fees and Payment Terms: Detailed fee structure, payment schedule, and invoicing requirements

7. Obligations of the Agent: Specific duties, responsibilities, and service standards expected from the agent

8. Obligations of the Principal: Principal's responsibilities, including provision of information and cooperation

9. Representations and Warranties: Standard representations regarding capacity, authority, and compliance with laws

10. Confidentiality: Protection of confidential information exchanged during the mandate

11. Termination: Grounds for termination, notice requirements, and consequences of termination

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes