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Master Fee Agreement
"I need a Master Fee Agreement governed by UAE law for a technology consulting firm providing IT services to a Dubai-based financial institution, with specific provisions for data protection and cybersecurity compliance, planned to commence in March 2025."
1. Parties: Identification and details of the contracting parties, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, relationship between parties, and general purpose of the fee arrangement
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules of interpretation
4. Scope of Services: Overview of services covered by the fee arrangement
5. Fee Structure: Basic principles of fee calculation, including base fees, frequency, and general payment terms
6. Payment Terms: Detailed payment procedures, timing, invoicing requirements, and currency specifications
7. Service Levels: Performance standards and metrics for service delivery
8. Rights and Obligations: Key responsibilities and rights of each party under the agreement
9. Term and Termination: Duration of agreement, renewal provisions, and termination circumstances
10. Confidentiality: Protection of confidential information and trade secrets
11. Liability and Indemnification: Limits of liability and indemnification obligations
12. Force Majeure: Provisions for unforeseen circumstances preventing performance
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Sharia Compliance: Required when the agreement needs to comply with Islamic finance principles
2. Regulatory Compliance: Required when services are subject to specific UAE regulatory requirements
3. Intellectual Property Rights: Required when services involve creation or use of intellectual property
4. Data Protection: Required when services involve processing of personal data
5. Anti-Corruption: Required for high-value contracts or government-related entities
6. Insurance: Required when services involve significant operational risks
7. Change Control: Required for long-term agreements where service scope may evolve
8. Exclusivity: Optional provision for exclusive service arrangements
1. Schedule 1 - Detailed Fee Structure: Comprehensive breakdown of all fees, calculations, and payment scenarios
2. Schedule 2 - Service Specifications: Detailed description of services covered under the agreement
3. Schedule 3 - Service Level Agreement: Detailed performance metrics, monitoring, and reporting requirements
4. Schedule 4 - Key Personnel: List of key personnel responsible for service delivery and relationship management
5. Schedule 5 - Reporting Requirements: Templates and specifications for required reports and documentation
6. Appendix A - Fee Calculation Examples: Practical examples of fee calculations in various scenarios
7. Appendix B - Form of Invoice: Standard invoice template meeting UAE requirements
8. Appendix C - Escalation Matrix: Contact details and procedures for issue escalation
Authors
Financial Services
Professional Services
Technology
Healthcare
Real Estate
Construction
Education
Telecommunications
Consulting
Legal Services
Investment Management
Banking
Insurance
Manufacturing
Logistics
Legal
Finance
Procurement
Commercial
Operations
Compliance
Risk Management
Business Development
Account Management
Treasury
Contract Administration
Service Delivery
Chief Financial Officer
Legal Counsel
Commercial Director
Finance Manager
Procurement Manager
Contract Manager
Business Development Manager
Operations Director
Compliance Officer
Project Manager
Account Manager
Treasury Manager
Risk Manager
Service Delivery Manager
Financial Controller
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