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Intercompany Employee Lease Agreement
"I need an Intercompany Employee Lease Agreement for temporarily transferring three IT developers from our Dubai-based tech company to our Abu Dhabi subsidiary for a specific project starting March 2025, with strict confidentiality provisions due to the sensitive nature of the project."
1. Parties: Identification of the Home Company (lessor) and Host Company (lessee), including full legal names, registration details, and addresses
2. Background: Context of the agreement, relationship between the companies, and purpose of the employee lease arrangement
3. Definitions: Key terms used throughout the agreement including 'Leased Employee', 'Lease Period', 'Services', 'Home Company', 'Host Company', etc.
4. Term and Termination: Duration of the agreement, renewal provisions, and circumstances for early termination
5. Scope of Services: Description of services to be provided by the leased employee(s) and their role within the Host Company
6. Employment Status: Confirmation that employees remain employed by Home Company while being leased to Host Company
7. Compensation and Costs: Fee structure, payment terms, and allocation of employment-related costs between parties
8. Management and Control: Day-to-day supervision arrangements and reporting structures
9. Compliance with Laws: Obligations regarding UAE labor laws, immigration requirements, and other regulatory compliance
10. Confidentiality: Protection of confidential information of both companies and the leased employee(s)
11. Data Protection: Handling of personal data and compliance with data protection regulations
12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for dispute resolution
1. Non-Competition: Restrictions on employee activities during and after the lease period - include when intellectual property or market competition is a concern
2. Insurance: Requirements for specific insurance coverage - include when working in high-risk environments or when required by industry regulations
3. Intellectual Property Rights: Ownership and transfer of IP created during the lease period - include when R&D or creative work is involved
4. Force Majeure: Provisions for unforeseen circumstances - include when long-term or critical business arrangements are involved
5. Tax Indemnity: Specific tax-related obligations and protections - include when cross-emirate operations or international elements are involved
6. Training and Development: Provisions for employee training and skill development - include when specific certifications or skills are required
1. Schedule 1 - Employee Details: List of leased employees, their positions, qualifications, and specific terms
2. Schedule 2 - Services Description: Detailed description of services to be provided by each leased employee
3. Schedule 3 - Fee Structure: Detailed breakdown of fees, cost allocation, and payment terms
4. Schedule 4 - Company Policies: Relevant policies from both Home and Host companies that apply to leased employees
5. Appendix A - Required Permits: List of necessary work permits, visas, and regulatory approvals
6. Appendix B - Performance Metrics: KPIs and performance evaluation criteria for leased employees
Authors
Financial Services
Technology
Oil and Gas
Construction
Healthcare
Professional Services
Manufacturing
Telecommunications
Real Estate
Retail
Hospitality
Education
Human Resources
Legal
Compliance
Finance
Operations
Risk Management
Talent Acquisition
Corporate Services
Executive Leadership
Project Management Office
Human Resources Director
Legal Counsel
Compliance Officer
Project Manager
Finance Director
Operations Manager
Risk Manager
Talent Acquisition Manager
Contract Administrator
Employment Law Specialist
Corporate Services Manager
Business Unit Head
Managing Director
Chief Financial Officer
Chief Operating Officer
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