The Simple Business Agreement Contract is designed for use in the United Arab Emirates business environment where parties need to establish clear, legally binding business relationships. This contract type is particularly suitable for small to medium-sized businesses, entrepreneurs, and companies engaging in straightforward commercial arrangements such as service provision, supply agreements, or general business cooperation. The document incorporates essential elements required under UAE law, including the UAE Civil Code (Federal Law No. 5 of 1985) and the Commercial Transactions Law (Federal Law No. 18 of 1993). It provides a balanced framework that protects both parties' interests while remaining accessible and practical for everyday business use. The agreement is structured to be comprehensive yet flexible enough to accommodate various business scenarios while ensuring compliance with UAE legal requirements.
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1. Parties: Identifies and defines the contracting parties with their full legal names, addresses, and registration details as per UAE requirements
2. Background: Sets out the context and purpose of the agreement, including brief description of each party's business
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Scope of Agreement: Clearly outlines the business relationship and specific obligations of each party
5. Term and Duration: Specifies the commencement date and duration of the agreement
6. Financial Terms: Details the payment terms, amounts, and payment methods
7. Obligations and Responsibilities: Lists specific duties and responsibilities of each party
8. Representations and Warranties: Standard warranties about capacity to contract and compliance with UAE laws
9. Termination: Outlines circumstances and procedures for ending the agreement
10. Governing Law and Jurisdiction: Explicitly states UAE law as governing law and specifies jurisdiction for dispute resolution
11. Notices: Specifies how formal communications between parties should be made
12. Entire Agreement: Confirms this document represents the complete agreement between parties
1. Confidentiality: Include when parties will share sensitive business information
2. Intellectual Property: Include when IP rights are being created, used, or transferred
3. Force Majeure: Include for longer-term agreements or when performance might be affected by external events
4. Non-Competition: Include when there's a need to restrict competitive activities
5. Assignment: Include when transfer of rights needs to be restricted or permitted
6. Insurance: Include when specific insurance coverage is required
7. Compliance with Laws: Include when specific regulatory compliance is crucial
8. Dispute Resolution: Include when specific arbitration or mediation procedures are desired
1. Schedule 1 - Services/Products: Detailed description of services or products covered by the agreement
2. Schedule 2 - Pricing Structure: Detailed breakdown of prices, rates, or fees
3. Schedule 3 - Service Levels: Performance metrics and standards if applicable
4. Appendix A - Contact Details: Key contact persons and their details for each party
5. Appendix B - Required Documents: Copies of trade licenses, authorizations, or other required documentation under UAE law
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