Non-Compete Conditions in the UAE

Provided By Lesley Yap for Khalifa Fund for Enterprise Development, SME Knowledge UAE   Non-compete conditions can be found in many employment contracts, they are designed to protect a business owner’s interest by restricting potential competition. When hiring new employees, employers invest heavily in employee trainings and employees have access to employers’ clients and trade secrets. The recruitment process and associated administrative costs to bring in the...

Export Contracts

Provided By Dubai Export Development Corporation, Content Partner for SME Knowledge UAE    The Type of Contracts to be Used A written contract helps to solve disputes that may arise during the execution of a business transaction ensuring that the rights and duties of the parties involved in the trade deal are safeguarded. Therefore, to guarantee the smooth running of the business transaction, it is necessary to draft the contract carefully by including comprehensive and...

Employment Contracts in the UAE

Provided By Lesley Yap for Khalifa Fund for Enterprise Development, SME Knowledge UAE   An employment contract is a written legal document that lays out binding terms and conditions of employment between an employer and an employee. In the UAE, employment contracts are defined by the UAE Labour Law and must cover the following: Date of the employment contract Nature of the contract (limited or unlimited contract) Nature of the work Date on which work begins Date of conclusion...

Business Legal Structures in the UAE

Provided By Lesley Yap for Khalifa Fund for Enterprise Development, SME Knowledge UAE Local Individuals and foreign investors interested in establishing a business presence in the UAE must begin by determining the appropriate form of business ownership necessary for their desired business venture. Choosing the right form of business ownership is important because the business legal structure you select will determine the requirements and conditions in obtaining your business license, how...

Writing a Partnership Agreement

When you're in a partnership, it's highly advisable to have a formal, written partnership agreement. While it is not required by law, a partnership agreement can give you a framework for defining each partner's obligations, and settling the conflicts, disagreements and other difficult-to-resolve issues that naturally occur in nearly every business relationship. Ultimately, it will help ensure the long-term well-being of your business. Create your written partnership agreement with the...

How to Choose and Work with an Attorney

While you may not need legal advice on a regular basis, it probably pays for you to have an attorney for your company on call. That way, when you need legal advice and assistance, you'll be working with someone whom you're comfortable, and who understands the needs of your business. When will you need legal counsel? Here are some typical situations: When you're deciding whether to incorporate - and need to file the appropriate paperwork When you're trying to write or decipher a complicated...

Request For Proposal (RFP) template

A request for proposals (RFP) is commonly used to select a company in the services industry. Unlike a request for qualifications (RFQ), which emphasizes firm and team member experience related to the specific project and provides only limited financial information, an RFP often includes estimates of costs and fees associated with a given project. The RFP format shown here is provided as an example to guide someone writing an RFP. How to let providers propose creative, relevant, and cost-...

Areas of law every entrepreneur should know

 The majority of entrepreneurs running their own small and medium businesses do not have the legal expertise and may not have their own attorneys to assist them in every decision. Just as an entrepreneur needs to know the basics of strategic plans, accounting and marketing, they need also to understand the basics of the commercial law to be able subsequently to avoid potential failure in costly lawsuits. Certainly, you do not need to go to law school to be a successful entrepreneur. All...

Public-Private Partnership

The UAE occupies an advanced position in public-private partnership that has enabled it to implement best practices in this type of partnerships at the regional and global levels. With the UAE government adopting this approach to partnership, the private sector must seize these ideal opportunities and explore the fields available to secure appropriate contracts.The UAE strengthens the concept of public-private partnership as an essential factor for sustaining social and economic development and...

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