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Operating Agreement For Incorporation
"I need an Operating Agreement for Incorporation for a UAE mainland technology consulting company with three international shareholders (from UK, India, and Singapore) and a 51% UAE national partner, planning to start operations in March 2025."
1. Parties: Identification of all members/shareholders forming the company, including full legal names, addresses, and nationality
2. Background: Context of the company formation, business purpose, and intention of the parties
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules of interpretation
4. Formation and Name: Details of company formation, trade name, and legal status
5. Principal Office and Duration: Company's registered address and duration (fixed term or perpetual)
6. Purpose and Powers: Company's business activities and powers to conduct operations
7. Capital Structure: Details of capital contribution, shares/units allocation, and payment terms
8. Management Structure: Governance framework, manager appointments, and decision-making processes
9. Members' Rights and Obligations: Rights, duties, and responsibilities of members
10. Meetings and Voting: Procedures for member meetings, voting rights, and quorum requirements
11. Financial Affairs: Fiscal year, accounting practices, and financial reporting requirements
12. Profit and Loss Distribution: Method of distributing profits and losses among members
13. Transfer of Interests: Rules governing transfer of ownership interests and restrictions
14. Dissolution and Liquidation: Procedures for company dissolution and asset distribution
15. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction
1. Non-Competition and Confidentiality: Restrictions on competitive activities and protection of company information, used when specific intellectual property or trade secrets need protection
2. Tag-Along and Drag-Along Rights: Special provisions for share transfers in case of sale to third parties, typically used in larger companies with multiple shareholders
3. Deadlock Resolution: Procedures for resolving management deadlocks, important for companies with equal ownership splits
4. Pre-emptive Rights: Rights of existing members to maintain ownership percentage when new shares are issued
5. Put and Call Options: Rights to force purchase or sale of shares under specific circumstances
6. Islamic Finance Compliance: Specific provisions ensuring compliance with Sharia principles, if required
7. Employee Profit Sharing: Framework for employee participation in company profits, if applicable
8. Emiratisation Provisions: Specific commitments regarding UAE national employment, if applicable to the business sector
1. Schedule 1 - Members' Information: Detailed information about members including contact details and initial capital contributions
2. Schedule 2 - Business Plan: Initial business plan and strategic objectives
3. Schedule 3 - Share Capital Structure: Detailed breakdown of share classes, rights, and ownership percentages
4. Schedule 4 - Management Structure: Organizational chart and management responsibilities
5. Schedule 5 - Reserved Matters: List of decisions requiring special approval or unanimous consent
6. Schedule 6 - Initial Assets: List of assets initially transferred to the company
7. Appendix A - Form of Share Certificate: Template for share certificates
8. Appendix B - Key Performance Indicators: Metrics for evaluating company and management performance
Authors
Articles of Association
Board
Business Day
Capital Contribution
Company
Confidential Information
Director
Distributable Profits
Effective Date
Financial Year
General Assembly
Governing Law
Initial Capital
Manager
Member
Membership Interest
Operating License
Ordinary Resolution
Registered Office
Share
Share Certificate
Shareholder
Special Resolution
Trade License
Trade Name
Transfer
UAE
Voting Rights
Business Plan
Resolution
Chairman
Commercial License
Commercial Register
Corporate Secretary
Dividend
Encumbrance
Financial Statements
Fiscal Year
Management Committee
Memorandum of Association
Quorum
Reserved Matters
Successor
Territory
Definitions and Interpretation
Company Name and Legal Status
Purpose and Objectives
Duration and Registered Office
Capital Structure
Share Issuance and Certificates
Capital Contributions
Management Structure
Board Composition
Decision Making
General Assembly
Voting Rights
Reserved Matters
Financial Management
Profit Distribution
Transfer of Shares
Pre-emptive Rights
Tag-Along Rights
Drag-Along Rights
Confidentiality
Non-Competition
Dispute Resolution
Termination
Exit Provisions
Governing Law
Amendments
Notices
Force Majeure
Valuation
Share Transfer Restrictions
Deadlock Resolution
Shareholder Rights
Board Meetings
Financial Reporting
Dividend Policy
Company Records
Dissolution and Liquidation
Representations and Warranties
Compliance
Technology
Real Estate
Manufacturing
Trading
Professional Services
Healthcare
Education
Financial Services
Retail
Hospitality
Construction
Media and Entertainment
Logistics
Energy
Consulting
Legal
Corporate Governance
Executive Leadership
Finance
Compliance
Risk Management
Corporate Secretary Office
Business Development
Operations
Investment
Chief Executive Officer
Chief Legal Officer
Corporate Lawyer
Company Secretary
Chief Financial Officer
Managing Director
Board Member
Legal Counsel
Corporate Governance Officer
Compliance Manager
Business Development Director
Investment Manager
Shareholder Relations Manager
Risk Management Officer
Operations Director
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