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Managing Partner Contract

Managing Partner Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Managing Partner Contract

"I need a Managing Partner Contract for a Dubai-based technology consulting firm, with specific provisions for international operations and IP protection, including equity-based compensation structure with 15% profit sharing."

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Document background
The Managing Partner Contract is a crucial document used when appointing a senior executive to a position of significant management authority within a UAE company or partnership. This agreement is essential for businesses operating under UAE law, particularly those established in mainland UAE or free zones, and must comply with Federal Law No. 32 of 2021 (Commercial Companies Law) and related regulations. The contract typically comes into play during new partner appointments, company restructuring, or when formalizing existing management arrangements. It covers comprehensive terms including management rights, profit sharing, decision-making authority, and partner obligations, while incorporating specific UAE requirements such as local sponsor considerations where applicable.
Suggested Sections

1. Parties: Identification of the Company and the Managing Partner with full legal names and addresses

2. Background: Context of the appointment, company structure, and purpose of the agreement

3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty

4. Appointment and Term: Formal appointment as Managing Partner, duration, and renewal terms

5. Powers and Authority: Scope of management powers, authority limits, and reserved matters

6. Duties and Responsibilities: Key responsibilities, fiduciary duties, and performance expectations

7. Remuneration and Benefits: Compensation structure, profit sharing, and benefits package

8. Working Hours and Location: Time commitment expectations and primary place of work

9. Confidentiality: Protection of company information and trade secrets

10. Non-Competition and Non-Solicitation: Restrictions on competing activities and soliciting employees/clients

11. Termination: Grounds for termination, notice periods, and consequences

12. Post-Termination Obligations: Continuing obligations after the agreement ends

13. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction for disputes

Optional Sections

1. Intellectual Property Rights: Include when the Managing Partner may develop or handle significant IP

2. Investment Obligations: Include when the Managing Partner is required to make capital contributions

3. Performance Targets: Include when specific KPIs or performance metrics are tied to the role

4. International Travel: Include for businesses with international operations requiring travel

5. Training and Development: Include when specific professional development requirements exist

6. Insurance Coverage: Include when special insurance requirements apply

7. Exit Provisions: Include detailed exit mechanisms for partner's equity stake if applicable

Suggested Schedules

1. Schedule 1 - Remuneration Package: Detailed breakdown of salary, profit share, bonuses, and benefits

2. Schedule 2 - Authority Matrix: Detailed listing of approval limits and decision-making authority

3. Schedule 3 - Company Policies: Key company policies applicable to the Managing Partner

4. Schedule 4 - Performance Metrics: Detailed KPIs and performance evaluation criteria if applicable

5. Schedule 5 - Share Options/Equity Terms: Details of any equity participation or share option schemes

6. Appendix A - Job Description: Detailed description of roles and responsibilities

7. Appendix B - Corporate Organization Chart: Company structure showing reporting lines and relationships

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Management Consulting

Legal Services

Financial Services

Real Estate

Healthcare

Technology

Manufacturing

Retail

Construction

Hospitality

Trading

Family Business

Relevant Teams

Legal

Human Resources

Executive Management

Board of Directors

Corporate Governance

Compliance

Finance

Company Secretarial

Operations

Relevant Roles

Managing Partner

Senior Partner

Executive Partner

General Manager

Chief Executive Officer

Managing Director

Country Manager

Regional Director

Executive Director

Partner

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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