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Outsourced CFO Engagement Letter Template for United Arab Emirates

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Key Requirements PROMPT example:

Outsourced CFO Engagement Letter

"I need an Outsourced CFO Engagement Letter for a UAE-based technology startup, where the CFO will work remotely for 3 days per week starting March 2025, with special focus on Series A funding preparation and financial strategy development."

Document background
The Outsourced CFO Engagement Letter is essential for businesses in the UAE seeking professional financial leadership without committing to a full-time executive position. This document is particularly relevant for growing companies, startups, and established businesses requiring sophisticated financial management on a flexible basis. It establishes the framework for the professional relationship, detailing service scope, deliverables, and terms while ensuring compliance with UAE regulations, including Federal Law No. 2 of 2015 (Commercial Companies Law) and relevant financial services regulations. The letter addresses key aspects such as financial strategy development, reporting requirements, regulatory compliance, and risk management, while clearly defining the outsourced CFO's role and responsibilities within the organization's structure.
Suggested Sections

1. Addressing and Date: Formal letter heading with recipient's details and date

2. Introduction: Opening paragraph identifying the parties and purpose of the engagement

3. Scope of Services: Detailed description of CFO services to be provided, including core financial management and advisory responsibilities

4. Term and Time Commitment: Duration of engagement and expected time allocation

5. Fees and Payment Terms: Compensation structure, payment schedule, and billing procedures

6. Professional Standards: Commitment to maintain professional standards and relevant qualifications

7. Confidentiality: Obligations regarding confidential information handling

8. Reporting Requirements: Format, frequency, and content of financial reports and updates

9. Termination Provisions: Conditions and procedures for ending the engagement

10. Signature Block: Space for both parties to sign and date the letter

Optional Sections

1. Team Structure: Details of additional team members or support staff, used when service includes multiple personnel

2. Travel Requirements: Terms regarding travel expectations and reimbursement, included when role requires travel

3. Insurance Coverage: Professional indemnity and liability insurance details, included for higher-risk engagements

4. Conflict Resolution: Dispute resolution procedures, included for longer-term or complex engagements

5. Non-Compete Clause: Restrictions on working with competitors, included when dealing with sensitive industry information

6. Knowledge Transfer: Provisions for transferring knowledge to internal staff, included when building internal capacity is an objective

Suggested Schedules

1. Schedule A - Detailed Service Description: Comprehensive list of specific CFO duties and responsibilities

2. Schedule B - Fee Structure: Detailed breakdown of fees, including hourly rates, retainer details, or project-based pricing

3. Schedule C - Required Reports: List and templates of required financial reports and deliverables

4. Appendix 1 - Professional Qualifications: Copies of relevant professional certifications and qualifications

5. Appendix 2 - Key Performance Indicators: Metrics and benchmarks for evaluating CFO services

6. Appendix 3 - Communication Protocol: Procedures for routine communication and emergency situations

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

Relevant legal definitions






























Clauses






























Relevant Industries

Technology and Startups

Small and Medium Enterprises

Manufacturing

Retail and E-commerce

Professional Services

Healthcare

Real Estate and Construction

Hospitality and Tourism

Trading and Distribution

Non-Profit Organizations

Relevant Teams

Finance

Legal

Executive Leadership

Human Resources

Compliance

Operations

Corporate Governance

Risk Management

Business Development

Administrative

Relevant Roles

Chief Executive Officer

Managing Director

Board Member

Company Secretary

Legal Counsel

Chief Operating Officer

Human Resources Director

Finance Manager

Financial Controller

Compliance Officer

Business Development Manager

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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