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...