drafting agreements

UAE commercial transactions are governed by Sharia law, Civil Transactions Law No. 5 of 1985 (the Civil Code), which is based on the sharia principle. The principle of good faith, which is codified in the Civil Code and is an essential element of commercial contracts, calls for each contracting party to act honestly and fairly.

A commercial contract should contain the following essential elements, based on the Civil Code:

• Both parties agreed on the formulation of an agreement and the agreement was executed.
• A subject that has potential for being defined, or which can be defined.
• legal reasons for the agreement's obligations and subject matter named it.

When determining whether a contract is legal, the courts take into account the following factors :

• If there is a deal and acceptance, there is an agreement.
• All terms will be defined with certainty.
• If both parties are legally able to enter into the contract, they may do so.

Our in-depth comprehension of the regulatory requirements of the United Arab Emirates allows us to render the best and most cost-effective guidance, without neglecting any legal obligations or goals.

Our lawyers and account managers provide a broad range of commercial contract services, including personalized consultation:

• Planning a business strategies.
• Contract negotiation discussions with other (other) parties.
• Contract legal structuring and drafting services are provided.
• Custom clause creation is a typical task.
• Inspections of existing terms, conditions, or breaches in contract agreements.
• Existing contracts are subject to independent or peer reviews.
• Signed contracts may be attested.
• Existing contract violations should be addressed.

We have strong working relationships with various regulatory authorities, which allows us to stay up to date on new developments in key practice areas. This means that our advice is concise, up-to-date, practical, and pragmatic.