Document background
The Project Cooperation Agreement serves as a fundamental legal instrument for establishing collaborative project relationships in the United Arab Emirates. This document is essential when two or more parties intend to work together on a defined project while maintaining their separate legal identities. It differs from a joint venture agreement in that it typically focuses on a specific project rather than creating a long-term business relationship. The agreement must comply with UAE Federal Laws and local emirate regulations, particularly regarding commercial transactions, company laws, and sector-specific requirements. The Project Cooperation Agreement is commonly used in both private and public sector projects, especially in construction, technology, and infrastructure developments, where multiple parties need to coordinate their efforts while clearly defining their respective roles, responsibilities, and risk allocation.
