Startup Business Partnership Agreement Template for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Startup Business Partnership Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Startup Business Partnership Agreement

"I need a Startup Business Partnership Agreement for a UAE-based fintech startup launching in March 2025, with three founding partners contributing different amounts of capital and expertise, where one partner will be a silent investor while two will be actively managing the business."

Document background
The Startup Business Partnership Agreement is a foundational document for entrepreneurs establishing a business venture in the United Arab Emirates. This agreement is essential for startups operating in the UAE's dynamic business environment, whether in free zones or mainland locations. It addresses crucial aspects of partnership formation, including capital structure, management rights, profit sharing, and exit provisions, while ensuring compliance with UAE commercial laws. The document is particularly important given the UAE's emphasis on economic diversification and support for entrepreneurship, incorporating necessary provisions for both local and international founders. A well-structured Startup Business Partnership Agreement helps prevent future disputes by clearly defining partner relationships, responsibilities, and expectations, while providing a framework for growth and potential investment.
Suggested Sections

1. Parties: Identification of all partners/parties entering into the agreement, including full legal names, addresses, and registration details

2. Background: Context of the partnership formation, business purpose, and general intentions of the parties

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Partnership Structure: Legal form of partnership, ownership percentages, and capital contributions

5. Business Scope: Detailed description of the business activities and objectives

6. Capital Contributions: Details of initial and future capital contributions, including valuation methods

7. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners

8. Management and Control: Management structure, voting rights, and decision-making processes

9. Roles and Responsibilities: Specific duties and obligations of each partner

10. Intellectual Property Rights: Ownership and protection of IP, including pre-existing IP and newly developed IP

11. Confidentiality: Protection of confidential information and trade secrets

12. Non-Competition: Restrictions on competitive activities during and after partnership

13. Term and Termination: Duration of partnership and conditions for termination

14. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law

15. General Provisions: Standard legal provisions including notices, amendments, and severability

Optional Sections

1. Vesting Schedule: Details of equity vesting arrangements for founders and early employees

2. Future Financing: Provisions for future investment rounds and capital raising

3. Tag-Along and Drag-Along Rights: Rights related to future sale of shares or company exit

4. Anti-Dilution Protection: Provisions protecting partners from equity dilution in future rounds

5. Employee Stock Option Pool: Structure and management of employee equity incentives

6. Local Sponsorship Arrangements: Required for mainland UAE companies with foreign ownership

7. Technology Transfer: Provisions regarding transfer and licensing of technology

8. International Operations: Provisions for international business activities and compliance

9. Advisory Board: Structure and role of advisory board if established

Suggested Schedules

1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's capital contributions

2. Schedule 2 - Business Plan: Initial business plan and financial projections

3. Schedule 3 - Intellectual Property Register: List of all IP owned or licensed by the partnership

4. Schedule 4 - Vesting Schedule: Detailed equity vesting terms and conditions

5. Schedule 5 - Key Performance Indicators: Agreed performance metrics and targets

6. Appendix A - Shareholders' Contact Details: Complete contact information for all partners

7. Appendix B - Company Policies: Key operational and governance policies

8. Appendix C - Required Licenses and Permits: List of necessary business licenses and permits

9. Appendix D - Technical Specifications: Technical details of product or service offerings

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 legal definitions
Clauses
Relevant Industries

Technology

E-commerce

Financial Technology

Healthcare Technology

Educational Technology

Artificial Intelligence

Blockchain

Renewable Energy

Digital Media

Software Development

Professional Services

Consulting

Manufacturing

Retail Technology

Logistics Technology

Food Technology

Real Estate Technology

Relevant Teams

Legal

Executive Leadership

Finance

Compliance

Corporate Governance

Business Development

Investment

Operations

Strategy

Risk Management

Relevant Roles

CEO

Founder

Co-Founder

Chief Legal Officer

General Counsel

Corporate Lawyer

Business Development Manager

Chief Financial Officer

Investment Manager

Startup Advisor

Company Secretary

Compliance Officer

Managing Partner

Venture Capital Associate

Angel Investor

Board Member

Executive Director

Chief Operating Officer

Legal Consultant

Business Consultant

Industries
UAE Federal Law No. 32 of 2021 (Commercial Companies Law): The primary legislation governing company formation, structure, and operations in the UAE. It outlines different types of companies, partnership forms, and corporate governance requirements.
UAE Federal Decree-Law No. 33 of 2021 (Commercial Transactions Law): Regulates commercial transactions and business dealings between parties, including contract formation, obligations, and commercial paper.
UAE Federal Law No. 17 of 2002 (Commercial Transactions Law): Covers regulations regarding commercial obligations, contracts, and business transactions between parties.
UAE Federal Law No. 8 of 2004 (Financial Free Zones Law): Relevant for startups considering establishment in free zones, providing special regulations and benefits for businesses in these areas.
UAE Federal Law No. 37 of 1992 (Trademark Law): Essential for protecting intellectual property rights and brand assets of the startup.
UAE Federal Law No. 7 of 2002 (Copyright Law): Protects original works, software, and content created by the startup.
UAE Federal Decree-Law No. 33 of 2021 (Employment Law): Governs employment relationships, crucial for startup hiring and team management.
UAE Federal Decree-Law No. 14 of 2018 (Concerning Central Bank and Organization of Financial Institutions): Relevant for fintech startups or those handling financial transactions.
UAE Federal Law No. 1 of 2006 (Electronic Commerce and Transactions Law): Regulates electronic transactions and digital business operations.
UAE Federal Law No. 2 of 2015 (Anti-Discrimination Law): Ensures fair treatment and prevents discrimination in business relationships and employment.
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

Find the exact document you need

Design Ownership Agreement

A UAE-governed agreement that establishes and transfers design ownership rights, ensuring compliance with UAE Federal Laws on industrial designs and intellectual property.

find out more

Simple General Partnership Agreement

A UAE-compliant agreement establishing a general partnership between multiple partners, defining their rights, obligations, and business operations under UAE Federal Law.

find out more

Contract For Ownership

A UAE law-governed agreement that formally documents and executes the transfer of property ownership between parties, ensuring compliance with local property laws and registration requirements.

find out more

Shared Ownership Contract

A UAE law-governed agreement establishing shared property ownership rights and responsibilities between multiple parties.

find out more

Company Ownership Contract

UAE-governed agreement establishing company ownership structure and shareholder rights in accordance with UAE Commercial Companies Law.

find out more

Company Ownership Agreement

UAE-governed agreement establishing company ownership structure, shareholder rights, and management framework under UAE Commercial Companies Law.

find out more

Car Ownership Contract

A legally binding agreement for vehicle ownership transfer in the UAE, compliant with Federal Traffic Law and RTA regulations.

find out more

Car Ownership Agreement

UAE-governed agreement for vehicle ownership transfer, compliant with federal traffic laws and RTA regulations.

find out more

Business Ownership Agreement

UAE-governed agreement establishing business ownership structure, rights, and obligations between parties in accordance with UAE Federal Commercial Companies Law.

find out more

Artwork Ownership Agreement

A UAE law-governed agreement for transferring artwork ownership rights, ensuring compliance with local regulations while protecting both seller's and buyer's interests.

find out more

Business To Business Partnership Agreement

A UAE law-governed agreement establishing and regulating a business partnership between commercial entities, defining key partnership terms and obligations.

find out more

Two Company Partnership Agreement

UAE-governed partnership agreement establishing terms and conditions for business collaboration between two companies.

find out more

Startup Business Partnership Agreement

UAE-governed partnership agreement establishing the legal framework for startup operations, including ownership, management, and growth provisions.

find out more

Partnership Share Agreement

UAE-governed agreement establishing partnership terms, shareholding structure, and partner rights and obligations in compliance with local laws.

find out more

Operating Partnership Agreement

A UAE-governed agreement establishing the terms and conditions for operating a partnership, including partner rights, management structure, and profit sharing arrangements.

find out more

Beneficial Owner Agreement

UAE-governed agreement establishing the relationship between legal and beneficial owners, ensuring compliance with local beneficial ownership regulations.

find out more

Sales Partnership Agreement

UAE-governed agreement establishing terms and conditions for a sales partnership, including territory rights, commissions, and mutual obligations.

find out more

Partnership Investment Agreement

UAE-governed agreement establishing partnership investment terms, including capital contributions, profit sharing, and management rights.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.