Commercial contracts and agreements bind the business world together. Although verbal contracts can be legally enforceable, their terms may be difficult to prove. Therefore, it is always advisable to have a written contract with suppliers, customers, advisers; and/or government bodies.
As experienced lawyers in Dubai you can be confident that we have the commercial acumen and knowledge of local customs to ensure your commercial contracts fully protect your interests.
Our Legal Consultants are registered with the UK Solicitors Regulation Authority (SRA) and the Dubai Legal Affairs Department. We have over fourteen years of experience in drafting and negotiating Shareholder Agreements and a variety of contracts for use in the UAE and internationally.
The Civil Code (which is based on Sharia law principles) governs commercial contract law in the UAE.
Under the Civil Code, a commercial contract must have the following essential elements:
If the courts must decide on whether a legal contract exists, they will examine whether:
The element of good faith is codified in the Civil Code and is a vital part of all UAE commercial contracts. The duty of good faith stipulates that all parties to a contract must act honestly and fairly.
Our experience in structuring, drafting, and negotiating commercial contracts spreads across various sectors including SME’s, real estate, hotels and leisure, retail, construction, and oil and gas. Over the past decade, we have advised on and drafted thousands of agreements, including:
Our expertise means we can quickly identify potential causes for contractual dispute and draft robust terms to ensure your interests are protected.
To book a consultation with our corporate lawyer, please contact us:
