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Memorandum Of Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Memorandum Of Agreement

"I need a Memorandum of Agreement for a joint research project between our UAE-based technology company and a local university, focusing on AI development, with the agreement to commence on March 1, 2025, and including provisions for intellectual property sharing and student internships."

Document background
The Memorandum of Agreement is a versatile legal instrument commonly used in the United Arab Emirates to formalize business relationships and collaborative arrangements. It serves as a comprehensive document that bridges the gap between informal understandings and more complex contracts, making it particularly suitable for both commercial and institutional relationships. When drafting a Memorandum of Agreement under UAE law, special attention must be paid to compliance with Federal Law No. 5 of 1985 (UAE Civil Code) and relevant commercial regulations. The document typically outlines the scope of cooperation, responsibilities, financial arrangements, and operational details while incorporating necessary provisions for UAE jurisdiction and local business practices. It's frequently used for joint ventures, strategic partnerships, service arrangements, and institutional collaborations where parties need a clear framework for their relationship.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names, registration details, and addresses

2. Background: Context and purpose of the agreement, including any relevant history or relationships between the parties

3. Definitions: Clear definitions of key terms used throughout the agreement, including both English and Arabic where appropriate

4. Scope of Agreement: Clear delineation of what is covered under the agreement and any specific exclusions

5. Duration and Term: Period of the agreement, including start date, end date, and any renewal provisions

6. Rights and Obligations: Detailed description of each party's responsibilities and rights under the agreement

7. Financial Terms: Any financial arrangements, payment terms, and monetary obligations

8. Confidentiality: Provisions regarding the handling and protection of confidential information

9. Termination: Circumstances under which the agreement can be terminated and the process for termination

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for dispute resolution

11. Execution: Signature blocks and execution formalities compliant with UAE requirements

Optional Sections

1. Force Majeure: Provisions for unforeseen circumstances preventing performance, particularly relevant in long-term agreements

2. Intellectual Property: Include when the agreement involves creation, use, or transfer of IP rights

3. Non-Competition: Add when parties need to agree not to compete in specific markets or activities

4. Assignment and Novation: Include when transfer of rights or obligations might be necessary

5. Insurance: Required when specific insurance coverage needs to be maintained by either party

6. Compliance with Laws: Detailed section on regulatory compliance when operating in regulated industries

7. Data Protection: Include when personal or sensitive data will be processed or shared

8. Step-in Rights: Add for complex commercial arrangements where one party might need to take over operations

9. Change Control: Include for agreements where scope or specifications might need future modification

Suggested Schedules

1. Schedule 1 - Services or Deliverables: Detailed description of services to be provided or deliverables to be supplied

2. Schedule 2 - Pricing and Payment Terms: Detailed breakdown of pricing, payment schedules, and financial terms

3. Schedule 3 - Key Personnel: List of key individuals involved in the execution of the agreement

4. Schedule 4 - Technical Specifications: Technical requirements or specifications relevant to the agreement

5. Schedule 5 - Performance Metrics: KPIs or performance standards that need to be met

6. Schedule 6 - Form of Reports: Templates or formats for required reporting

7. Appendix A - Required Notices: Forms and procedures for formal notices under the agreement

8. Appendix B - Compliance Requirements: Specific regulatory or compliance requirements applicable to the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Technology

Healthcare

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Construction

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Financial Services

Manufacturing

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Relevant Teams

Legal

Business Development

Executive Leadership

Operations

Commercial

Compliance

Finance

Risk Management

Strategy

Project Management

Procurement

Corporate Affairs

Relevant Roles

Legal Counsel

Business Development Manager

Chief Executive Officer

Chief Operating Officer

Contracts Manager

Project Manager

Commercial Director

Compliance Officer

Partnership Manager

Operations Director

Chief Financial Officer

Strategic Planning Director

Risk Manager

General Manager

Department Head

Industries






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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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