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The Simple Money Lending Agreement is a fundamental legal document used in the United Arab Emirates for documenting loan arrangements between parties. This agreement is suitable for both personal and business lending scenarios where one party (the lender) agrees to provide financial assistance to another party (the borrower) under specific terms and conditions. The document must comply with UAE Federal Laws, including the Civil Code and Commercial Transactions Law, while respecting Sharia principles regarding interest (riba). The agreement includes essential details such as loan amount, repayment terms, profit rate (if applicable), default provisions, and both parties' rights and obligations. It's particularly important in the UAE context to ensure the agreement's structure aligns with local legal requirements and cultural considerations, making it both legally enforceable and culturally appropriate.

1. Parties: Identification of the Lender and Borrower with full legal names and addresses

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

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Loan Amount and Purpose: Specific amount being lent and the declared purpose of the loan

5. Disbursement: Terms and conditions for releasing the loan amount

6. Repayment Terms: Payment schedule, method of payment, and repayment period

7. Interest/Profit Rate: Specification of any interest or profit rate (structured in compliance with Sharia principles)

8. Events of Default: Circumstances that constitute default and consequences

9. Representations and Warranties: Standard declarations by the borrower about their legal capacity and financial condition

10. Covenants: Ongoing obligations of the borrower during the loan period

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts

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

13. Execution: Signature blocks and execution requirements