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Partnership Deed Online Template for United Arab Emirates

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Key Requirements PROMPT example:

Partnership Deed Online

"I need a Partnership Deed Online for a technology consulting firm in Dubai with three partners (two UAE nationals and one British expatriate), where we'll have different profit-sharing ratios based on capital contribution, and we need to include specific clauses about intellectual property rights and remote work arrangements."

Document background
The Partnership Deed Online is a fundamental legal document used in the United Arab Emirates to establish and formalize business partnerships. It serves as the primary governing document that defines the relationship between partners, their rights, obligations, and the operational framework of the partnership. This document is particularly relevant in the UAE's dynamic business environment, where partnerships are a common business structure across various sectors. The deed must comply with UAE Commercial Companies Law and can be executed electronically under UAE Electronic Commerce Law, making it suitable for modern business practices. It includes essential provisions for capital contribution, profit sharing, management structure, dispute resolution, and partnership dissolution, all aligned with UAE legal requirements and business customs.
Suggested Sections

1. Parties: Details of all partners entering into the partnership agreement, including full legal names, addresses, and nationality

2. Background: Context of the partnership formation and brief description of the intended business

3. Definitions: Definitions of key terms used throughout the partnership deed

4. Partnership Name and Business: Official name of the partnership and detailed description of its business activities

5. Term and Commencement: Duration of the partnership and its start date

6. Capital Contribution: Details of initial and any agreed future capital contributions from each partner

7. Partnership Interests: Percentage of ownership interest held by each partner

8. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners

9. Management and Decision Making: Structure for partnership management and process for making business decisions

10. Partners' Rights and Obligations: Detailed rights and responsibilities of all partners

11. Banking and Financial Matters: Arrangements for banking, accounting, and financial management

12. Meetings and Resolutions: Procedures for partner meetings and passing resolutions

13. Restrictions on Partners: Non-compete and other restrictive covenants

14. Transfer of Partnership Interest: Rules and procedures for transferring partnership interests

15. Dissolution and Termination: Circumstances and procedures for partnership dissolution

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

17. Notices: Process for giving formal notices under the deed

18. Electronic Execution: Provisions for online execution and digital signatures

Optional Sections

1. Intellectual Property Rights: Required when the partnership will develop or use significant IP assets

2. Good Faith and Fair Dealing: Additional protection for partners in complex business relationships

3. Force Majeure: Needed when partners want specific provisions for handling unforeseen circumstances

4. Anti-Money Laundering Compliance: Required for partnerships in financial services or high-risk sectors

5. Environmental Compliance: Necessary for partnerships operating in environmentally sensitive industries

6. Shariah Compliance: Required for partnerships operating under Islamic banking principles

7. Data Protection: Needed when partnership handles personal or sensitive data

Suggested Schedules

1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution

2. Schedule 2 - Business Plan: Initial business plan and objectives of the partnership

3. Schedule 3 - Partner Information: Detailed information about each partner including contact details and representatives

4. Schedule 4 - Management Procedures: Detailed procedures for day-to-day management and decision-making

5. Schedule 5 - Accounting Policies: Agreed accounting principles and procedures

6. Appendix A - Form of Transfer Deed: Template for executing transfer of partnership interests

7. Appendix B - Partner Resolution Templates: Standard templates for partner resolutions

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 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

Professional Services

Trading

Retail

Real Estate

Construction

Technology

Food & Beverage

Manufacturing

Consulting

Healthcare

Education

Tourism & Hospitality

Financial Services

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Logistics

Relevant Teams

Legal

Finance

Corporate Governance

Compliance

Risk Management

Business Development

Operations

Management

Corporate Affairs

Partner Relations

Investment

Strategic Planning

Relevant Roles

Business Owner

Managing Partner

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Business Development Manager

Company Secretary

Operations Director

Finance Manager

Compliance Officer

Risk Manager

Managing Director

Partner Relations Manager

Corporate Lawyer

Investment Manager

Commercial Director

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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