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Company Contract Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Company Contract Agreement

"I need a Company Contract Agreement for a UAE-based technology services provider entering into a long-term contract with a multinational client to provide cloud computing and cybersecurity services starting March 2025, with specific emphasis on data protection and service level guarantees."

Document background
The Company Contract Agreement serves as a fundamental legal instrument for establishing formal business relationships between companies operating in the United Arab Emirates. This document is essential when companies seek to formalize their business arrangements, whether for service provision, joint ventures, or other commercial collaborations. It incorporates crucial elements required under UAE law, particularly the UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and related regulations. The agreement is designed to protect the interests of all parties while ensuring compliance with local legal requirements, including specific provisions for mainland and free zone operations. It covers essential aspects such as scope of collaboration, financial terms, obligations, governance structure, and dispute resolution mechanisms, while remaining adaptable to various business contexts and requirements.
Suggested Sections

1. Parties: Identification of the contracting parties with full legal names, registration numbers, and registered addresses as per UAE commercial registry

2. Background: Context of the agreement including the business relationship and main objectives

3. Definitions: Detailed definitions of terms used throughout the agreement, including Arabic translations of key terms where necessary

4. Scope of Agreement: Detailed description of the business relationship and services/goods to be exchanged

5. Term and Renewal: Duration of the agreement and conditions for renewal

6. Financial Terms: Payment terms, amounts, currencies, and payment mechanisms

7. Obligations of the Parties: Detailed responsibilities and obligations of each party

8. Representations and Warranties: Standard and specific warranties given by each party

9. Confidentiality: Provisions for protecting confidential information and trade secrets

10. Termination: Circumstances and procedures for terminating the agreement

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

12. Notices: Process and addresses for formal communications between parties

13. Entire Agreement: Confirmation that this document represents the complete agreement between parties

14. Language: Specification of English and Arabic versions and which prevails in case of conflict

Optional Sections

1. Intellectual Property Rights: Include when the agreement involves creation, licensing, or use of intellectual property

2. Non-Competition: Include when parties need to agree not to compete in specific markets or territories

3. Force Majeure: Include to address unforeseen circumstances preventing contract performance

4. Assignment and Subcontracting: Include when either party may need to transfer rights or obligations

5. Insurance: Include when specific insurance coverage is required

6. Compliance with Laws: Include when specific regulatory compliance needs to be addressed

7. Data Protection: Include when personal or sensitive data will be processed

8. Anti-corruption: Include when dealing with government entities or high-risk sectors

9. Shariah Compliance: Include when agreement needs to comply with Islamic law principles

10. Change Control: Include when the scope of services may need to be modified during the term

Suggested Schedules

1. Schedule 1 - Services Description: Detailed specification of services or goods to be provided

2. Schedule 2 - Pricing and Payment Terms: Detailed breakdown of prices, payment schedules, and calculations

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

4. Schedule 4 - Key Personnel: Details of key staff members involved in contract delivery

5. Schedule 5 - Technical Requirements: Technical specifications and requirements

6. Schedule 6 - Compliance Requirements: Specific regulatory or industry compliance requirements

7. Schedule 7 - Form of Notice: Template forms for various notices under the agreement

8. Appendix A - Required Documents: List of mandatory documents, licenses, and certificates

9. Appendix B - Company Policies: Relevant internal policies that form part of the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















































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Relevant Industries

Technology

Real Estate

Financial Services

Manufacturing

Healthcare

Retail

Energy

Construction

Transportation & Logistics

Professional Services

Tourism & Hospitality

Media & Entertainment

Education

Trading

Industrial

Relevant Teams

Legal

Corporate Affairs

Finance

Business Development

Operations

Risk & Compliance

Commercial

Strategy

Corporate Governance

Procurement

Executive Leadership

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Chief Legal Officer

Commercial Director

Business Development Manager

Contract Manager

Chief Financial Officer

Company Secretary

Operations Director

Risk Manager

Compliance Officer

Corporate Governance Officer

Partnership Manager

Strategic Alliance Manager

Industries








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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