tiktok���˰�

The Certificate of Intent is a crucial preliminary document in UAE business transactions, commonly used when parties wish to formalize their initial understanding before proceeding with detailed negotiations and final agreements. This document type is particularly relevant in the UAE business environment where preliminary commitments often need to be documented while maintaining flexibility for future negotiations. A Certificate of Intent typically includes identification of parties, basic transaction terms, timelines, and any binding obligations (such as confidentiality), while clearly stating which aspects are non-binding. It serves as a bridge between initial discussions and final agreements, providing a framework for further negotiations while complying with UAE Federal Laws, including the Civil Code and Commercial Transactions Law. The document is especially valuable in complex transactions where parties need to demonstrate serious intent while reserving the right to negotiate final terms.

1. Date and Parties: Full legal names and addresses of all parties involved, including authorized signatories

2. Purpose Statement: Clear statement of the intended transaction or relationship being contemplated

3. Scope of Intent: Outline of the key terms and conditions that parties intend to include in the final agreement

4. Duration and Timeline: Period for which the Certificate of Intent remains valid and key milestone dates

5. Non-Binding Statement: Clear statement of which provisions are non-binding, except for specifically noted binding terms

6. Confidentiality: Terms regarding the treatment of confidential information exchanged during negotiations

7. Governing Law: Specification of UAE law as the governing law and relevant jurisdiction