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Incorporated Joint Venture Agreement
"I need an Incorporated Joint Venture Agreement between a US technology company and a UAE local partner to establish a software development company in Dubai, with operations planned to commence by March 2025 and initial capital of AED 5 million."
1. Parties: Identification of the JV partners, including full legal names, registration details, and addresses
2. Background: Context of the joint venture, including business objectives and reasons for collaboration
3. Definitions and Interpretation: Comprehensive definitions of terms used in the agreement and rules of interpretation
4. Incorporation and Business: Details of the JV company's incorporation, legal form, name, and business objectives
5. Capital Structure and Funding: Share capital, shareholding percentages, funding obligations, and capital calls
6. Subscription and Payment: Terms of share subscription, payment schedules, and valuation of non-cash contributions
7. Corporate Governance: Board composition, appointment rights, voting mechanisms, and reserved matters
8. Shareholders' Rights and Obligations: Key rights and obligations of shareholders, including pre-emptive rights and tag-along/drag-along provisions
9. Management and Operations: Day-to-day management structure, key personnel, and operational procedures
10. Business Plan and Budget: Process for approval and implementation of business plans and budgets
11. Distribution Policy: Dividend policy and profit distribution mechanisms
12. Transfer of Shares: Share transfer restrictions, procedures, and requirements
13. Deadlock Resolution: Mechanisms for resolving deadlock situations between shareholders
14. Term and Termination: Duration of the agreement and grounds for termination
15. Exit Mechanisms: Procedures for shareholder exit, including put and call options
16. Confidentiality: Protection of confidential information and trade secrets
17. Non-Competition: Restrictions on competitive activities by shareholders
18. Governing Law and Dispute Resolution: Choice of UAE law and dispute resolution mechanisms
1. Intellectual Property Rights: Required when the JV involves significant IP contributions or development
2. Employee Matters: Needed when specific arrangements for key employees or secondment are required
3. Related Party Transactions: Include when shareholders will have ongoing business relationships with the JV
4. Emiratisation Requirements: Required when the JV operates in sectors with specific Emiratisation quotas
5. Islamic Finance Compliance: Needed when the JV will engage in Sharia-compliant financing or operations
6. Environmental Compliance: Include for JVs in industries with significant environmental impact
7. Anti-Corruption Compliance: Important for international JVs or those dealing with government contracts
8. Force Majeure: Detailed force majeure provisions beyond standard clauses
1. Details of Initial Shareholding: Complete breakdown of initial share capital and shareholding structure
2. Business Plan: Initial business plan including market analysis, strategy, and financial projections
3. Articles of Association: Form of Articles of Association compliant with UAE Companies Law
4. Reserved Matters: Detailed list of matters requiring special approval
5. Key Performance Indicators: Specific performance metrics and targets for the JV
6. Technical Services Agreement: If applicable, terms of technical support or knowledge transfer
7. Intellectual Property Licenses: Details of IP licenses granted to the JV by shareholders
8. Form of Shareholder Loan Agreement: Template for any shareholder loans to the JV
9. Management Structure Chart: Organizational structure and reporting lines
10. Initial Budget: Detailed first-year operational budget
Authors
Real Estate & Construction
Technology & Digital Services
Manufacturing & Industrial
Healthcare & Pharmaceuticals
Energy & Utilities
Financial Services
Retail & Consumer Goods
Hospitality & Tourism
Transportation & Logistics
Professional Services
Legal
Corporate Development
Finance
Strategy
Business Development
Compliance
Operations
Risk Management
Corporate Governance
Investment
Chief Executive Officer
Chief Legal Officer
General Counsel
Legal Director
Chief Financial Officer
Corporate Development Director
Investment Manager
Business Development Director
Compliance Officer
Company Secretary
Managing Director
Board Member
Commercial Director
Strategy Director
Operations Director
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