Document background
The Operating Agreement Between Two Companies is a vital document used when businesses seek to establish a formal operational relationship in the UAE market. It serves as the primary framework for managing joint operations, shared responsibilities, and mutual obligations while ensuring compliance with UAE Federal Commercial Companies Law and related regulations. This agreement is particularly crucial for companies engaging in long-term operational collaboration, shared facilities management, joint service delivery, or integrated business processes. The document addresses key aspects such as governance structure, operational protocols, risk allocation, and compliance requirements specific to the UAE business environment, while incorporating necessary provisions for Sharia law compliance where applicable. It's designed to provide clear guidelines for day-to-day operations while protecting both parties' interests under UAE jurisdiction.
