Why do I need a contract?
In a word – certainty.
A sometimes overlooked fact is that, under UAE law, your contract doesn’t have to be in writing to be binding and a verbal agreement may suffice.
However, and although it may seem obvious, if your contract is not in writing, it can be difficult to say with certainty what your contract actually consists of.
Add to that the variety of cultures, languages and nationalities that a business person in Dubai will find themselves dealing with and it will quickly become clear that the scope for confusion is vast.
In any jurisdiction, where there is uncertainty as to the interpretation of a contract, the matter must be brought before a court, so that the judge can hear the evidence of the contracting parties and then give his interpretation of what the contract should mean. Taking such a court case can be an expensive and time-consuming matter without any guarantee of success, either in firstly getting a court judgement and secondly enforcing any such judgement you obtain.
To minimise the risk of this happening, we can assist you with the preparation of a contract that will protect the business that you have worked hard to grow. Our job is to work with you to identify the key commercial points that you need to protect and to then reflect those in a clear, unambiguous contract.
Among some of the key areas to consider including in your contract are the following; -
By necessity, the above is a very brief introduction to the points you should consider including in your contract. To further explore this topic or make arrangements to obtain advice, please contact email@example.com
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