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Business Co Ownership Agreement Template
"I need a Business Co-Ownership Agreement Template for a new technology startup in Dubai with three partners (two UAE nationals and one foreign investor), where we'll be launching our AI software product in March 2025 and need strong IP protection clauses."
1. Parties: Identification and details of all co-owners entering into the agreement
2. Background: Context of the business relationship and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Business Structure and Ownership: Legal structure of the business, ownership percentages, and capital contributions
5. Management and Control: Decision-making processes, voting rights, and management structure
6. Financial Matters: Capital accounts, profit distribution, losses, and financial management
7. Operations and Business Activities: Day-to-day operations, business scope, and operational responsibilities
8. Rights and Obligations of Co-Owners: Detailed responsibilities, commitments, and rights of each co-owner
9. Transfer of Ownership Interests: Rules and procedures for transferring ownership stakes
10. Dispute Resolution: Procedures for resolving conflicts between co-owners
11. Term and Termination: Duration of the agreement and circumstances for termination
12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdictional matters
1. Non-Compete and Confidentiality: Restrictions on competitive activities and protection of confidential information, recommended for businesses with intellectual property or trade secrets
2. Islamic Finance Compliance: Specific provisions ensuring compliance with Sharia law, necessary if the business operates under Islamic finance principles
3. Emiratisation Requirements: Provisions addressing UAE national employment quotas, necessary for businesses in sectors with specific Emiratisation requirements
4. Intellectual Property Rights: Allocation and protection of IP rights, necessary for businesses involving creative or technical innovations
5. Foreign Ownership Provisions: Specific provisions addressing foreign ownership restrictions and compliance, necessary when foreign partners are involved
6. Exit Strategy: Detailed procedures for business exit or sale, recommended for high-value or complex businesses
1. Schedule 1: Business Plan: Detailed business plan including objectives, strategy, and financial projections
2. Schedule 2: Capital Contributions: Detailed breakdown of initial and agreed future capital contributions by each co-owner
3. Schedule 3: Ownership Structure: Detailed ownership percentages and share classes if applicable
4. Schedule 4: Management Structure: Organizational chart and detailed management responsibilities
5. Schedule 5: Financial Procedures: Detailed financial management procedures and reporting requirements
6. Schedule 6: Reserved Matters: List of decisions requiring special majority or unanimous consent
7. Appendix A: Trade License: Copy of business trade license and related permits
8. Appendix B: Shareholders' Contact Information: Detailed contact information and communication protocols for all co-owners
Authors
Retail and Consumer Goods
Professional Services
Technology and Software
Manufacturing
Real Estate and Construction
Trading and Distribution
Hospitality and Tourism
Healthcare
Education
Financial Services
Consulting
E-commerce
Media and Entertainment
Logistics and Transportation
Legal
Corporate Affairs
Compliance
Finance
Business Development
Operations
Risk Management
Commercial
Investment
Strategy
Executive Leadership
Business Owner
Chief Executive Officer
Managing Director
Legal Counsel
Corporate Lawyer
Business Development Manager
Chief Financial Officer
Company Secretary
Compliance Officer
Operations Director
Investment Manager
Partnership Manager
Risk Manager
Commercial Director
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