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The Hand Loan Agreement is commonly used in the UAE for documenting personal lending arrangements between individuals or small businesses. This type of agreement is particularly relevant when formal banking channels are not preferred or required, and parties wish to document their lending arrangement in compliance with UAE law. The document must adhere to the UAE Civil Code (Federal Law No. 5 of 1985) and consider Sharia principles, especially regarding interest provisions. A Hand Loan Agreement typically includes essential details such as loan amount, repayment schedule, default provisions, and both parties' obligations. It's crucial in the UAE context as it provides legal protection for both lender and borrower while ensuring the arrangement is formally documented and enforceable under local law.

1. Parties: Identification of the lender and borrower with full legal names, addresses, and Emirates ID numbers

2. Background: Brief context of the loan arrangement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Loan Amount: Clear statement of the principal amount being lent

5. Disbursement: Details of how and when the loan amount will be transferred to the borrower

6. Repayment Terms: Payment schedule, method of payment, and due dates

7. Borrower's Representations: Borrower's confirmations regarding their ability to repay and current financial status

8. Events of Default: Circumstances constituting default and consequences thereof

9. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes

10. Notices: How formal communications between parties should be made

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