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The Simple Repayment Agreement is a crucial document used in the United Arab Emirates when parties need to formalize debt repayment arrangements. It is commonly used in situations where one party has provided funds to another and both parties wish to document the repayment terms in a legally binding format. The agreement must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and consider Sharia principles, particularly regarding interest provisions. This document is essential for both commercial and personal lending situations, providing clear terms for repayment schedules, default consequences, and dispute resolution mechanisms. It can be used for both corporate and individual borrowers, with variations in complexity depending on the amount involved and the parties' nature.

1. Parties: Identifies and provides full details of the lender and borrower, including legal names, addresses, and any registration numbers for companies

2. Background: Brief context of the debt obligation, including origin of the debt and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Loan Amount and Acknowledgment: States the principal amount owed and borrower's acknowledgment of the debt

5. Repayment Terms: Details of how and when repayment will be made, including payment schedule and method

6. Interest (if Sharia-compliant): If applicable, specifies any profit rate or administrative charges in compliance with UAE law and Sharia principles

7. Default and Consequences: Defines what constitutes default and the consequences thereof

8. Representations and Warranties: Basic warranties about capacity to enter agreement and validity of debt

9. Governing Law and Jurisdiction: Specifies UAE law as governing law and relevant courts for disputes

10. Execution: Signature blocks and execution requirements