Addendum To Partnership Deed

Addendum To Partnership Deed Template for United Arab Emirates

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Key Requirements PROMPT example:

"I need an Addendum to Partnership Deed to add a new partner to our existing UAE manufacturing partnership, with the new partner contributing AED 2 million for a 20% stake, effective March 1, 2025."

Document background

The Addendum To Partnership Deed is a crucial legal instrument in the United Arab Emirates' business landscape, utilized when partners need to modify their existing partnership arrangement. This document becomes necessary when changes occur in partnership structure, capital distribution, profit sharing ratios, management responsibilities, or when partners join or exit the business. The addendum must strictly comply with UAE Federal Law No. 2 of 2015 and related regulations, requiring proper authentication through licensed notaries and registration with relevant authorities. It serves as an official amendment to the original partnership deed, ensuring all modifications are legally documented and enforceable under UAE law. The document is particularly important in maintaining legal compliance while adapting to business needs and partner requirements in the dynamic UAE market.

Suggested Sections

1. Parties: Identification of all existing partners and any new partners being added through the addendum

2. Background: Reference to the original Partnership Deed including its date and registration details, and brief context for the amendment

3. Definitions: Key terms used in the addendum, including reference to definitions in the original deed

4. Effective Date: Specific date from which the modifications will take effect

5. Amendments: Detailed description of each modification to the original Partnership Deed, with clear reference to the relevant sections being amended

6. Ratification: Confirmation that all other terms of the original Partnership Deed remain unchanged and in full force

7. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and relevant emirate courts' jurisdiction

8. Execution: Signature blocks for all partners, including spaces for witnesses and notary authentication

Optional Sections

1. New Partner Provisions: Required only when adding new partners, detailing their capital contributions, profit/loss sharing, and responsibilities

2. Capital Modifications: Include when changes to partnership capital structure are being made

3. Management Changes: Required when modifying management structure or partner authorities

4. Business Scope Changes: Include when modifying the partnership's business activities

5. Exit Provisions: Required when modifying partner exit terms or when documenting the exit of a partner

6. Language Provision: Required when document is bilingual, specifying which language version prevails

7. Intellectual Property Rights: Include when changes affect ownership or use of intellectual property

8. Non-Competition Modifications: Include when changing non-compete obligations of partners

Suggested Schedules

1. Schedule of Amendments: Detailed table showing original clauses and their amended versions

2. Updated Partnership Structure: Current partnership shares and capital contribution details after amendments

3. Partners' Resolution: Copy of partners' resolution approving the amendments

4. Required Regulatory Approvals: Copies of any necessary regulatory or governmental approvals for the amendments

5. Updated Business License: Copy of modified business license if business activities are changed

6. Power of Attorney: If applicable, authorization documents for parties signing on behalf of partners

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Professional Services

Real Estate & Construction

Retail & Trading

Manufacturing

Technology & IT

Healthcare

Hospitality & Tourism

Financial Services

Consulting

Import/Export

Food & Beverage

Educational Services

Relevant Teams

Legal

Finance

Compliance

Corporate Governance

Operations

Risk Management

Business Development

Corporate Affairs

Executive Leadership

Administrative

Relevant Roles

Managing Partner

Legal Counsel

Chief Executive Officer

Chief Financial Officer

Company Secretary

Compliance Officer

Business Development Manager

Operations Director

Finance Manager

Legal Manager

Partnership Manager

Risk Management Officer

Corporate Governance Officer

Managing Director

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