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Terms Of Business Agreement

Terms Of Business Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Terms Of Business Agreement

"I need a Terms of Business Agreement for my Dubai-based management consulting firm that provides advisory services to government entities in the UAE, with specific focus on confidentiality provisions and compliance with public sector requirements."

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Document background
The Terms of Business Agreement serves as a foundational document for establishing commercial relationships in the United Arab Emirates. It is specifically designed for businesses operating within the UAE's unique legal framework, which combines civil law principles with Sharia considerations. This agreement is essential for companies providing services in the UAE market, whether operating from mainland UAE, free zones, or as international entities serving UAE clients. The document incorporates mandatory provisions required under UAE law, including Federal Law No. 5 of 1985 (Civil Code) and Federal Law No. 18 of 1993 (Commercial Transactions Law), while maintaining flexibility to accommodate specific business requirements. The Terms of Business Agreement typically covers service scope, payment terms, regulatory compliance, and dispute resolution, with particular attention to UAE-specific legal requirements and business practices.
Suggested Sections

1. Parties: Identification of the contracting parties with full legal names and addresses

2. Background: Context of the business relationship and purpose of the agreement

3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation

4. Scope of Services: Detailed description of services to be provided

5. Fees and Payment Terms: Pricing structure, payment terms, and invoicing procedures

6. Term and Termination: Duration of the agreement and circumstances for termination

7. Obligations of Service Provider: Key responsibilities and commitments of the service provider

8. Client Obligations: Key responsibilities and commitments of the client

9. Confidentiality: Protection and handling of confidential information

10. Intellectual Property Rights: Ownership and usage rights of intellectual property

11. Liability and Indemnification: Limitation of liability and indemnification provisions

12. Force Majeure: Handling of events beyond reasonable control

13. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

Optional Sections

1. Data Protection: Required when personal data processing is involved, addressing UAE data protection requirements

2. Compliance with UAE Laws: Specific section needed when dealing with regulated industries or activities

3. Anti-Money Laundering: Required for financial services or real estate related agreements

4. Electronic Communications: Added when services involve significant electronic transactions or communications

5. Service Levels: Include when specific performance metrics need to be maintained

6. Insurance: Required when services involve significant operational risks

7. Non-Competition: Added when protecting business interests from competitive activities

8. Shariah Compliance: Required when dealing with Islamic financial institutions or products

Suggested Schedules

1. Schedule 1 - Service Description: Detailed specification of services to be provided

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and charging mechanisms

3. Schedule 3 - Service Levels: Specific performance metrics and service level requirements

4. Schedule 4 - Key Personnel: Details of key staff members responsible for service delivery

5. Schedule 5 - Data Processing Terms: Detailed terms for handling personal data if applicable

6. Appendix A - Contact Details: Contact information for key personnel and notices

7. Appendix B - Required Documents: List of documents required for regulatory compliance

8. Appendix C - Compliance Procedures: Specific procedures for maintaining regulatory compliance

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Applicable Law
Business Day
Confidential Information
Client
Deliverables
Effective Date
Fees
Force Majeure Event
Intellectual Property Rights
Services
Service Provider
Territory
UAE
VAT
Working Hours
Material Breach
Notice
Payment Term
Regulatory Authority
Service Level
Term
Termination Date
Commercial License
Governing Law
Intellectual Property
Personnel
Representative
Schedule
Trade License
Affiliate
Business Premises
Dispute
Good Industry Practice
Initial Term
Liability
Personal Data
Professional Standards
Service Specification
Warranties
Clauses
Interpretation
Appointment
Duration
Services
Fees and Payment
Service Provider Obligations
Client Obligations
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Liability and Indemnification
Force Majeure
Termination
Assignment and Subcontracting
Anti-Bribery and Corruption
Compliance with Laws
Insurance
Notices
Dispute Resolution
Governing Law and Jurisdiction
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Language
Counterparts
Electronic Execution
Authority
Non-Competition
Service Levels
Record Keeping
Audit Rights
Business Continuity
Relevant Industries

Financial Services

Professional Services

Technology and Software

Real Estate

Healthcare

Education

Construction and Engineering

Trading and Distribution

Consulting

Manufacturing

Hospitality

Logistics and Transportation

Relevant Teams

Legal

Commercial

Business Development

Compliance

Executive Leadership

Operations

Finance

Risk Management

Sales

Account Management

Corporate Governance

Relevant Roles

Legal Counsel

Commercial Director

Business Development Manager

Compliance Officer

Chief Executive Officer

Managing Director

Operations Manager

Contract Manager

Risk Manager

Chief Financial Officer

Company Secretary

General Manager

Sales Director

Account Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Fundamental law governing civil transactions, contracts, and obligations between parties in the UAE
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Regulates commercial transactions and business relationships between merchants and commercial entities
Electronic Transactions and Commerce Law (Federal Law No. 1 of 2006): Governs electronic transactions, digital signatures, and online business activities
Consumer Protection Law (Federal Law No. 15 of 2020): Protects consumer rights and regulates business practices in relation to consumers
UAE Commercial Companies Law (Federal Law No. 2 of 2015): Regulates the establishment and operation of commercial companies in the UAE
Federal Decree-Law No. 45 of 2021 on Personal Data Protection: Governs the collection, processing, and protection of personal data in business relationships
Anti-Commercial Fraud Law (Federal Law No. 19 of 2016): Protects against fraudulent commercial practices and ensures business transparency
Competition Law (Federal Law No. 4 of 2012): Regulates competitive practices and prevents monopolistic behavior in business
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

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